BW20030908002008  20030908T081714Z UTC


( BW)(SUMITOMO-MITSUI-BNKG)(SBK) Statement re - Notice regarding Reset
of Conversion Price of Type 3 Preferred Stock

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--Sept. 8, 2003--

Notice regarding Reset of Conversion Price of Type 3 Preferred Stock
issued by Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation ("SMBC", President and CEO:
Yoshifumi Nishikawa) hereby announces that the conversion price with
respect to Type 3 Preferred Stock issued by SMBC will be reset as
below in accordance with the terms and conditions of the preferred
stock.

PARTICULARS

1.  Conversion Price after the Reset                       JPY349,600
   (Conversion Price before the Reset                      JPY595,700)

2.  Effective Date                                     October 1, 2003

   Short Name: Sumitomo Mitsui Bnkg.
   Category Code: STR
   Sequence Number: 00009428
   Time of Receipt (offset from UTC): 20030908T090456+0100

    --30--MH/uk*

    CONTACT: Sumitomo Mitsui Bnkg

    KEYWORD: UNITED KINGDOM JAPAN INTERNATIONAL EUROPE ASIA PACIFIC
    INDUSTRY KEYWORD: BANKING
    SOURCE: Sumitomo Mitsui Bnkg

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