Mizuho Financial Group, Inc.("MHFG") has decided to create a trust for the purpose of selling a part of our Mizuho Trust & Banking Co., Ltd. ("MHTB") stockholdings.
1. Reason for Creating Trust
MHFG will gradually sell a portion of our MHTB stockholdings in the light of the change of delisting standard by Tokyo Stock Exchange, Inc.
2. Summary of Trust Agreement
|(1) Number of selling stocks
|250,000,000 MHTB common stocks
(Percentage of total outstanding MHTB common stocks: 4.98%)
|(2) Term of Trust Agreement||From May 23, 2005 to March 31, 2006|
|(3) Settlor and Beneficiary||Mizuho Financial Group, Inc.|
|(4) Trustee||Trust and Custody Services Bank, Ltd.|
(Reference) MHTB common stocks as of March 31, 2005
|Number of shares issued||5,024,755,829|
|Number of MHFG holding shares||3,750,391,652 (74.64%)|
This document is prepared in order to announce specific facts relating to MHFG's creating trust for selling securities and does not constitute an offer for sale or a solicitation for investment or other similar activity, in and outside of Japan.