Disposal of Ordinary Shares and Preferred Shares of Resona Holdings

Press Release

Date: January 31, 2014

1. Resona Holdings, Inc. (“Resona Holdings”) made a request today to the Deposit Insurance Corporation of Japan (“DICJ”) to sell all of the ordinary shares and part of preferred shares of Resona Holdings that it holds pursuant to the Deposit Insurance Act.
   
2. The DICJ considered the request 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 made an application for disposal of shares to the Commissioner of the Financial Services Agency and the Minister of Finance, and the application was approved today.
   
3. Regarding the disposal of Resona Holdings’ ordinary shares, Resona Holdings will make an order to purchase its own shares through the Closing Price Trading (ToSTNeT-2) on the Tokyo Stock Exchange, and the DICJ intends to place a sale order as described in 1 below.
   
4. Regarding the disposal of Resona Holdings’ preferred shares, the Resonal Holdings will acquire and cancel them as described in 2 below.
   

Note

1. Ordinary shares

(1)  Ordinary shares held and to be sold by the DICJ
Name of shares Resona Holdings, Inc. ordinary shares
Acquisition price ¥520 per share
Amount currently held ¥162,459,908,000
Number of shares currently held 312,422,900 shares
Number of shares to be sold 312,422,900 shares (Note)
Notes:  It is possible that part of shares to be sold by the DICJ may not be realized due to the sales by third parties.
 
(2)  Outline of the acquisition of own shares announced by Resona Holdings
Name of shares Resona Holdings, Inc. ordinary shares
Number of shares to be acquired 320,000,000 shares (ceiling)
Manner of acquisition Closing Price Trading on the Tokyo Stock Exchange (ToSTNeT-2)
Total amount of the acquisition price of the shares ¥174,720,000,000 (ceiling)
Announcement of the result of the acquisition After the close of trading period at 8:45 a.m. on February 3, 2014

2. Preferred shares
(1)  Outline of the related preferred shares
Name of shares Resona Holdings, Inc. first series class three preferred shares
Total amount issued ¥550,000,000,000
Number of shares issued 275,000,000 shares
Issue price ¥2,000 per share
Amount currently held ¥450,000,000,000
Number of shares currently held 225,000,000 shares

 

(2)  Outline of the disposal of related preferred shares
Name of shares Resona Holdings, Inc. first series class three preferred shares
Book value of disposal ¥254,000,000,000
Number of shares disposed 127,000,000 shares
Disposal price ¥2,347.20 per share
Total amount of disposal ¥298,094,400,000
Date of share transfer agreement January 31, 2014
Expected date of share transfer February 6, 2014

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