Mitsubishi Tokyo Financial Group Inc
Notice of Allocation and number of shares
to be allocated for the First Series of Class 3 Preferred Shares, etc.
Mitsubishi Tokyo Financial Group, Inc. (Director, President and CEO: Nobuo
Kuroyanagi) (the "Company") hereby announces that the allocation and number of
shares to be allocated for the First Series of Class 3 Preferred Shares which
were resolved to be issued at the meeting of the Company's Board of Directors
held on January 27, 2005, has been decided as follows.
The Company also announces the summary of terms and conditions of capital
increase of The Bank of Tokyo-Mitsubishi, Ltd. (President: Nobuo Kuroyanagi), a
wholly owned subsidiary of the Company, by means of third party allocation, to
which the Company will apply its proceeds from the issuance of the First Series
of Class 3 Preferred Shares.
1. Allocation and number of shares to be allocated for the First Series of Class
3 Preferred Shares
To be allocated to; Number of shares to be Amount to be paid;
allocated;
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Meiji Yasuda Life Insurance Company 40,000 shares ¥100,000,000,000
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Tokio Marine & Nichido Fire Insurance Co., Ltd. 40,000 shares ¥100,000,000,000
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Nippon Life Insurance Company 20,000 shares ¥50,000,000,000
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Total 100,000 shares ¥250,000,000,000
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2. Summary terms and conditions of capital increase of The Bank of
Tokyo-Mitsubishi, Ltd.
Name First Series of Class 2 Preferred Shares of The Bank of Tokyo-Mitsubishi, Ltd.
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Number of shares to be issued 100,000,000 shares
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Issue price ¥2,500 per share
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Amount accounted to stated share capital ¥1,250 per share
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Aggregate amount of the issue price ¥250,000,000,000
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Subscription date February 18, 2005 (Friday)
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Payment date February 21, 2005 (Monday)
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Preferred dividends ¥60 per share; provided, that the preferred dividends on the preferred shares
for the period beginning February 21, 2005 and ending March 31, 2005 will be
¥6.42 per share.
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Preferred interim dividends ¥30 per share
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Mandatory retirement of the preferred The Bank of Tokyo-Mitsubishi, Ltd. may, at any time on and after February 22,
share 2010, redeem all or part of the preferred shares at ¥2,500 per share. In case
of a partial redemption, it will be effected by way of lot or other method.
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Allocation and number of shares to be All of the preferred shares will be allocated to the Mitsubishi Tokyo Financial
allocated Group, Inc. by means of third-party allocation.
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Initial date for dividend accrual February 21, 2005 (Monday)
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Contact:
Mitsubishi Tokyo Financial Group, Inc.
Corporate Communications Office
Tel: 03-3240-9059
1. Outline of the companies to which the First Series of Class 3 Preferred
Shares are to be allocated
Name of the company to be allocated shares Meiji Yasuda Life Insurance Company
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Number of shares to be allocated 40,000 shares
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Amount to be paid ¥100,000,000,000
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Head Office address 1-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo,
Japan
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Profile of Name of Representative Ryotaro Kaneko, President
the company ----------------------------------------------------------------------------------------
to be Amount of Funds(as of September 30, 2004) ¥350,000,000,000(including contingency
allocated reserve)
shares ----------------------------------------------------------------------------------------
Business description Life insurance business
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Principal Shareholders and the ratio of Not applicable.
shareholdings thereof
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Number of shares of the
company to be allocated Not applicable.
shares which are held by
Capital the Company
relationship --------------------------------------------------------------------------
Relationship Number of shares of the Class 1 Preferred Shares 8,350 shares
between the Company which are held by (as of October 1, 2004)
company to the company to be Ordinary Shares 48,499.59 shares*
be allocated allocated shares (as of September 30, 2004)
shares and ----------------------------------------------------------------------------------------
the Company Sales transaction None.
--------------------------------------------------------------------------
Business Business relationship other None.
relationship, than sales transaction
etc. --------------------------------------------------------------------------
Mr. Ryotaro Kaneko, President of the company
Personnel relationship to be allocated shares, concurrently holds
the office of Director of the Company.
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Agreement with respect to the shareholdings None.
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* In addition to these shares, Meiji Yasuda Life Insurance Company has entrusted
175,000 Ordinary Shares for the retirement benefit trust as of September 30,
2004, for which shares the company retains the right to instruct the trustee's
exercise of voting rights.
Name of the company to be allocated shares Tokio Marine & Nichido Fire Insurance Co.,
Ltd.
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Number of shares to be allocated 40,000 shares
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Amount to be paid ¥100,000,000,000
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Head Office address 2-1, Marunouchi 1-Chome, Chiyoda-ku, Tokyo,
Japan
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Profile of Name of Representative Kunio Ishihara, President
the company ----------------------------------------------------------------------------------------
to be Amount of Capital(as of October 1, 2004) ¥101,900,000,000
allocated ----------------------------------------------------------------------------------------
shares Business description Non-life insurance business
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Principal Shareholders and the ratio of
shareholdings thereof Millea Holdings, Inc. 100%
(as of October 1, 2004)
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Number of shares of the
company to be allocated None.
shares which are held by
Capital the Company
relationship --------------------------------------------------------------------------
Relationship Number of shares of the Class 1 Preferred Shares 8,350 shares
between the Company which are held by (as of October 1, 2004)
company to the company to be Ordinary Shares 141,649.82 shares
be allocated allocated shares (as of September 30, 2004)
shares and ----------------------------------------------------------------------------------------
the Company Sales transaction Insurance transaction.
--------------------------------------------------------------------------
Business Business relationship other None.
relationship, than sales transaction
etc. --------------------------------------------------------------------------
Mr. Kunio Ishihara, President of the company
Personnel relationship to be allocated shares, concurrently holds
the office of Corporate Auditor of the
Company.
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Agreement with respect to the shareholdings None.
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Name of the company to be allocated shares Nippon Life Insurance Company
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Number of shares to be allocated 20,000 shares
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Amount to be paid ¥50,000,000,000
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Head Office address 5-12, Imabashi 3-Chome, Chuo-ku, Osaka, Japan
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Profile of Name of Representative Ikuo Uno, President
the company --------------------------------------------------------------------------------------
to be Amount of Funds ¥750,000,000,000
allocated (as of September 30, 2004) (including contingency reserve)
shares --------------------------------------------------------------------------------------
Business description Life insurance business
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Principal Shareholders and the Not applicable.
ratio of shareholdings thereof
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Number of shares of
the company to be
allocated shares Not applicable.
which are held by
Capital the Company
relationship ------------------------------------------------------------------------
Relationship Number of shares of
between the the Company which Ordinary Shares 125,018.13 shares
company to are held by the (as of September 30, 2004)
be allocated company to be
shares and allocated shares
the Company --------------------------------------------------------------------------------------
Sales transaction None.
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Business Business relationship
relationship, other than sales None.
etc. transaction
------------------------------------------------------------------------
Personnel None.
relationship
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Agreement with respect to the shareholdings None.
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2. Change in the aggregate number of outstanding shares of Mitsubishi Tokyo
Financial Group, Inc.
Aggregate number of outstanding Ordinary Shares 6,545,353.37 shares(As of February 15,
shares as of the present date 2005)
Class 1 Preferred Shares 40,700 shares
Class 3 Preferred Shares 0 share
Class 4 Preferred Shares 0 share
Total 6,586,053.37 shares(As of February 15,
2005)
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Number of shares to be issued Class 3 Preferred Shares 100,000 shares
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Aggregate number of outstanding Ordinary Shares 6,545,353.37 shares
shares after the capital increase Class 1 Preferred Shares 40,700 shares
Class 3 Preferred Shares 100,000 shares
Class 4 Preferred Shares 0 share
Total 6,686,053.37 shares
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The purpose of this press release is to make a general public statement of the issuance and sale
of shares of the Preferred Stock in Japan. It has not been prepared for the purpose of
soliciting investments in the Preferred Stock.
The Preferred Stock will not be and has not been registered under the United States Securities
Act of 1933, and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
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