Dissolution of Subsidiary

March 15, 2006

Mizuho Financial Group, Inc. hereby announces that our wholly owned subsidiary, Mizuho Bank, Ltd. has decided to dissolve its subsidiary, Mizuho Sogo Kanri Co., Ltd., as follows.

1. Outline of the subsidiary to be dissolved and the scheduled date of dissolution.

Company Name Mizuho Sogo Kanri Co., Ltd
Location 3-12-2 Nihonbashi, Chuo-ku, Tokyo
Representative Hiroshi Hamada (President & CEO)
Business Bidding in judicial foreclosures, possession and management of real estate collateral for Mizuho Bank, Ltd.
Date of Establishment August 1994
Paid-in Capital JPY 300 million
Number of Shares Outstanding 12,360 Shares
Total Assets JPY 3,488 million (As of the end of December 2005)
Number of Employees 6 (As of the end of February 2006)
Shareholder Mizuho Bank, Ltd. (100% shareholder)
Recent Financial Performance
(Fiscal Year Ended December 2005)
Ordinary Losses JPY 58 million
Net Losses JPY 38 million
Date of Dissolution October 2006 (Planned)

2. Reason for Dissolution

The company is to be dissolved as a result of the completion of sales of its real estate and the completion of preparation for dissolution.

3. Effect on Profits / Losses

This decision will have no material effect on the Earnings Estimates for the current fiscal year (consolidated or non-consolidated) of Mizuho Financial Group, Inc.

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