Sumitomo Mitsui Banking

  Revision of Earnings Forecast for the Six Months Ended September 30,2003
         by Its Consolidated Subsidiary, The Minato Bank, Limited

Sumitomo Mitsui Financial Group, Inc. ("SMFG") announced today that
its consolidated subsidiary, The Minato Bank, Limited, revised its
earnings forecast for the six months ended September 30, 2003
initially announced on May 26, 2003. (see Appendix)


(Appendix)

Minato Bank Announces Revision of Earnings Forecast for the Six Months
Ended September 30, 2003

The Minato Bank, Limited ("Minato Bank") announced today the revision
of its previous earnings forecast for the six months ended September
30, 2003.

1. Revision of Previous Earnings Forecast (for the six months ended September
30, 2003 )

(Non-consolidated) (Millions of Yen)


                                                                 Total Income       Operating Profit   Net Income (Loss)
                                                                                          (Loss)
------------------------------------------------------------------------------------------------------------------------
Previous Forecast (A)                                                      31,200                3,600            1,000
------------------------------------------------------------------------------------------------------------------------
Revised Forecast (B)                                                       38,800                3,600            1,100
------------------------------------------------------------------------------------------------------------------------
Difference (B)-(A)                                                          7,600                    0              100
------------------------------------------------------------------------------------------------------------------------
Percent Change                                                               24.3%                 0.0%            10.0%
------------------------------------------------------------------------------------------------------------------------
(Ref.) Previous 1st Half                                                   36,240                3,683            1,246
------------------------------------------------------------------------------------------------------------------------


(Consolidated) (Millions of Yen)


                                                                 Total Income        Operating Profit     Net Income
                                                                                           (Loss)            (Loss)
------------------------------------------------------------------------------------------------------------------------
Previous Forecast (A)                                                       33,900                3,600           1,000
------------------------------------------------------------------------------------------------------------------------
Revised Forecast (B)                                                        41,600                4,800           1,900
------------------------------------------------------------------------------------------------------------------------
Difference (B)-(A)                                                           7,700                1,200             900
------------------------------------------------------------------------------------------------------------------------
Percent Change                                                                22.7%                33.3%           90.0%
------------------------------------------------------------------------------------------------------------------------
(Ref.) Previous 1st Half                                                    39,063                3,439             640
------------------------------------------------------------------------------------------------------------------------


(Note) Previous forecast was published on May 26, 2003.

2. Reason for Revision

Increase in total income from the previous forecast is mainly due to higher
gains on sale of bonds and equity securities. On the other hand, due to greater
credit costs and other factors, operating profit and net income on a
non-consolidated basis will be mostly the same as previously forecasted, while
both of them will be higher on a consolidated basis.

3. Earnings Forecast for the Fiscal Year ended March 31, 2004

The earnings forecast for the fiscal year ended March 31, 2004 will be published
at the announcement of financial results for the six months ended September 30,
2003 scheduled in November 2003.