Mizuho Financial Group, Inc. ("MHFG") hereby announces that its board of directors has resolved today to redeem in full preferred securities issued by its group's overseas special purpose subsidiary as set forth below.
1. Summary overview of Preferred Securities to be redeemed
| Issuer | Mizuho Preferred Capital (Cayman) 1 Limited |
| Type of securities | Non–cumulative Perpetual Preferred Securities |
| Mandatory redemption date | None |
| Optional redemption | Series A Optionally redeemable on each dividend payment date falling in or after June 2012 |
| Dividends | Floating dividend rate |
| Total amount issued | Series A 171 billion Japanese Yen |
| Issue date | February 14, 2002 |
| Aggregate redemption amount | Series A 171 billion Japanese Yen |
2. Scheduled redemption date
June 29, 2012 (Fri)
This document is prepared in order to announce specific facts relating to the redemption of "non–dilutive" preferred securities and does not constitute an offer for sale or solicitation for investment or other similar activity in or outside of Japan.