Disposal of Preferred Shares of Resona Holdings

Press Release

Date: June 22, 2015

  1. Resona Holdings, Inc. (“Resona Holdings”) has recently made a request to the Resolution and Collection Corporation (“RCC”) for disposing its preferred shares held by RCC in accordance with the Act on Emergency Measures for Early Strengthening of Financial Functions. The Deposit Insurance Corporation of Japan (“DICJ”) has been requested to approve the disposal from the RCC.
  2. The DICJ considered the disposal based on its “Immediate Guideline for Disposal of Preferred Shares and other Capital-Raising Instruments Acquired through Capital Injection with Public Funds” announced in October 2005, and did not find any special problems in view of the following:
    • The soundness of management of the financial institution;
    • Avoiding public costs; and
    • Financial system stability.
    Therefore the DICJ approved today the disposal application from the RCC.
  3. This disposal of preferred shares, which is outlined as below, will result in full repayment of public funds injected into Resona Holdings.
Outline of the related preferred shares
Name of share Class C Preferred Shares Class F Preferred Shares
Total amount issued ¥60 billion ¥100 billion
Number of shares issued 12,000,000 shares 8,000,000 shares
Current holders The Resolution and Collection Corporation
Amount currently held ¥36 billion ¥60 billion
Number of shares currently held 12,000,000 shares 8,000,000 shares
Number of shares of disposal 12,000,000 shares 8,000,000 shares
Total disposal amount ¥36 billion ¥60 billion
Expected date of disposal June 25, 2015

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