Sony Bank Enters Tie-up with Asahi Kasei Real Estate in Mortgage Loans

June 30, 2008

Sony Bank, Inc., a wholly-owned subsidiary of Sony Financial Holdings, today announced that it will offer mortgage loans in cooperation with Asahi Kasei Real Estate, Ltd. ("Asahi Kasei Real Estate") from June 30, 2008.

Asahi Kasei Real Estate will accept applications for these mortgage loans, which will be offered by Sony Bank to people who purchase newly built residential house sold by Asahi Kasei Real Estate. Borrowers who meet certain Sony Bank lending criteria will be eligible for preferential interest rates.

Asahi Kasei Real Estate, one of the housing operation companies of the Asahi Kasei Group, plans the development of and sells the Asahi Kasei Group's condominiums mainly in the Tokyo metropolitan area. Capitalizing on the know-how accumulated by providing Hebel Haus™, houses designed to be long-life residences, its friendly living, high-quality condominiums are well received in the market.

Sony Bank's mortgage loans, which do not require a guarantee or group credit life insurance fees, are highly convenient. The entire loan process, from application through to contract, is conducted without the borrower ever visiting a bank branch. Even after the initial loan has been made, payments may be accelerated and the type of interest applied may be changed, all over the Internet. In this and other ways, Sony Bank will continue to enhance its mortgage loan services.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on June 30, 2008. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.