Announcement Regarding Redemption of "Non–dilutive" Preferred Securities

May 15, 2012

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.

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