Deposit Insurance Corporation of Japan-OPERATIONS CONDUCTED BY DEPOSIT INSURANCE CORPORATION OF JAPAN (DICJ) RELATING TO THE ASHIKAGA BANK, LTD.

November 2003

Determination for commencement of special crisis management by resolution at the Meeting of the Financial System Management Council

December 2003

Acquisition of all shares of Ashikaga Bank

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Thereafter, DICJ participated in the ordinary general meetings of shareholders and conducted hearings for settlement of account

December 2003

Appointment of directors and corporate auditors based on the nomination made by the Commissioner of the Financial Services Agency

February 2004

Participation in the Operation Audit Committee and the Internal Investigation Committee as an observer

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The Operation Audit Committee audits loans and asset dispositions at Ashikaga Bank to ensure the adequacy and transparency of the business as a bank under special crisis management (139 audits have been performed as of today).

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The Internal Investigation Committee investigated necessity and adequacy of instituting civil and criminal actions against the former management for breach of their official duties to clarify the responsibilities of the former management (the committee was active until June 2006).

August 2004

Asset purchase (the 1st purchase) pursuant to Article 129 of the Deposit Insurance Law

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Four asset purchases have been performed as of today totaling JPY 98.2 billion (JPY 584.8 billion in book value) (2nd purchase in March 2005, 3rd purchase in February 2006, and 4th purchase in March 2008).

February 2005

Filing of a lawsuit for damages against former directors by Ashikaga Bank based on the investigative report of the Internal Investigation Committee (three cases including a fraudulent loan to a construction company, a fraudulent loan to a company managing a golf course, and illegal distribution of dividends)

September 2005

Filing of a lawsuit for damages against former corporate auditors and an accounting auditor by Ashikaga Bank based on the investigative report of the Internal Investigation Committee (one case of illegal distribution of dividends)

September 2006

Commencement of the buyer selection process

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The Financial Services Agency invited public subscription for buyer candidates in November 2006. The Financial Services Agency conducted a three-phased screening on eight subscribers and selected the final buyer. The basic characteristics of the screening standards are the following three standards (Public Announcement Materials of the Financial Services Agency):

(1)

Capability to exercise its functions as a financial institution in a sustainable way (sustainability);

(2)

Capability to exercise financial intermediary functions as a regional financial institution; and

(3)

Minimization of the public financial burden.

September 2006 to March 2008

Participation in the buyer selection working group as an observer and involvement in the selection process in response to the commencement of the selection process Proceeding with the sale of shares including deliberation and preparation of the Share Purchase Agreement and performance of a due diligence investigation