Disposition of Unrealized Losses on Bond Portfolio

March 30, 2006

Mizuho Financial Group, Inc. (MHFG) hereby announces that its subsidiaries, Mizuho Bank, Ltd., Mizuho Corporate Bank, Ltd. and Mizuho Trust & Banking Co., Ltd. have decided to dispose approximately 130 billion yen (estimate) of unrealized losses on their bond portfolios in light of such factors as current trends in domestic and U.S. interest rates. The following chart shows the breakdown of disposed losses.

(Billions of yen)

Mizuho Bank, Ltd. Approx. 75.0
Mizuho Corporate Bank, Ltd. Approx. 50.0
Mizuho Trust & Banking Co., Ltd. Approx. 5.0
Total Approx. 130.0

This decision will have no material effect on MHFG's consolidated earnings estimates for the current fiscal year.

This document is prepared in order to announce specific facts relating to MHFG's disposition of unrealized loss on bond portfolio and does not constitute an offer for sale or a solicitation for investment or other similar activity, in and outside of Japan.

 

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