Common Contracts

Final Agreement on the Management Integration of Chuo Mitsui Trust Group and The Sumitomo Trust and Banking Group Towards Creation of “The Trust Bank” with a Combination of Expertise and Comprehensive Capabilities

August 24th, 2010

• Filed
  August 24th, 2010

Chuo Mitsui Trust Holdings, Inc. (“CMTH”; President: Kazuo Tanabe) and The Sumitomo Trust and Banking Co., Ltd. (“STB”; President: Hitoshi Tsunekage) have had repeated discussions on the Management Integration (the “Management Integration”) of their two groups, based on the Basic Agreement that was concluded on November 6, 2009. CMTH and STB hereby announce today, that their boards of directors have resolved the final agreement on a statutory share exchange agreement (the “Share Exchange Agreement”) and a management integration agreement as further explained in detail below. The Management Integration is subject to the approval of the extraordinary general meetings of both CMTH and STB shareholders, and the approval of the relevant authorities.