Determination of Reset Conversion Price of Tenth Series Class X Preferred Shares

Mizuho Financial Group, Inc. ("MHFG") hereby announces that the reset conversion price for Tenth Series Class X Preferred Shares issued by MHFG has been determined as follows, according to the terms and conditions of the Preferred Shares.

1. 1.Reset Conversion Price:511,000 yen (Conversion Price before the reset:454,000 yen)
2. 2.Effective date:September 1, 2005

(Reference) Tenth Series Class X Preferred Shares

This document entitled "Determination of Reset Conversion Price of Tenth Series Class X Preferred Shares" is prepared in order to announce facts relating to MHFG's Tenth Series Class X Preferred Shares and does not constitute a solicitation of investments or any similar act, in or outside of Japan.