Administrative Actions on Chuo Mitsui Trust Holdings, Inc.

1.Chuo Mitsui Trust Holdings, Inc. [hereinafter referred to as “Chuo Mitsui”] booked a net deficit (loss) for the business year ended in March 2009, falling considerably short of its profit targets for the year, set in the Business Revitalization Plan.

As for Chuo Mitsui's securities-related losses, such as losses on sales of domestic stock-related investments and write-downs of stock holdings, which are the main cause for the net loss, the Financial Services Agency [hereinafter referred to as “FSA”] recognizes that they were in part due to changes in financial market conditions at home and abroad. However, the FSA also recognizes that Chuo Mitsui should have improved its risk management with regard to securities investment.

The FSA recognized the need to take administrative actions on Chuo Mitsui in order to ensure the fulfillment of the bank's Business Revitalization Plan, pursuant to the provision of Article 20, Paragraph 2 of the Act on Emergency Measures for Early Strengthening of Financial Functions [hereinafter referred to as "the Early Strengthening Act"]. Therefore, the FSA today issued a Business Improvement Order to Chuo Mitsui based on Article 20, Paragraph 2 of the the Early Strengthening Act and Article 52-33, Paragraph 1 of the Banking Act.

2.The contents of the Business Improvement Order are as follows.

• [1]Based on the grounds for the actions above, Chuo Mitsui must submit a Business Improvement Plan to the FSA by September 11, 2009. The plan should contain measures to fundamentally improve Chuo Mitsui's profitability, including effective and specific measures for risk management concerning securities investments.

  • (Note) In formulating a Business Improvement Plan, Chuo Mitsui must pay renewed attention to the facilitation of credit provisions stipulated under Article 5, Paragraph 1, item (iv) of the Early Strengthening Act.

• [2]Chuo Mitsui must implement the new Business Improvement Plan steadily.

• [3]Chuo Mitsui must report to the FSA on the progress made in implementing the plan within two months after the end of every quarter, starting from the end of September 2009, until it is confirmed that the plan has been fully implemented.