Notice regarding the Change in Ratio of ADRs to Common Stock

September 9, 2020

Mizuho Financial Group, Inc. (President & Group CEO : Tatsufumi Sakai; the "Company") hereby announces that the Company has decided to change the ratio of American Depositary Receipts ("ADRs") to its common stock ("Underlying Shares") for its sponsored ADR program as a result of the share consolidation of its common stock (the "Share Consolidation") scheduled to take effect on October 1, 2020.

1.Purpose of the change in the ratio

The Company plans to implement the Share Consolidation on the basis of one postconsolidation share per ten pre–consolidation shares on October 1, 2020, in accordance with the resolution of its 18th ordinary general meeting of shareholders held on June 25, 2020.

Due to the Share Consolidation, the Company will change the ratio of ADRs to Underlying Shares ("Conversion Ratio"), from the current ratio of one ADR to two Underlying Shares to a new ratio of five ADRs to one Underlying Share as of October 1, 2020 (Eastern Standard Time), in order to maintain the continuity of the ADRs' price level.

2.Summary of the change in the ratio

(1) Current Conversion Ratio : 1 ADR=2 Underlying Shares
(2) New Conversion Ratio : 5 ADRs=1 Underlying Share
(3) Effective date of new Conversion Ratio : October 1, 2020 (Eastern Standard Time)
(4) Listed Exchange : NYSE
(5) Ticker Symbol : MFG
(6) U.S. Security Code (CUSIP) : 60687Y109
(7) Depositary bank : The Bank of New York Mellon (BNY Mellon)

3.Contact for inquiries regarding the Company's ADR program

Regular mail:
BNY Mellon
PO Box 505000, Louisville, KY 40233–5000

Overnight/certified/registered delivery:
BNY Mellon
462 South 4th Street, Suite 1600, Louisville, KY 40202

TEL (toll free within the U.S.) :+1–888–269–2377 (888–BNY–ADRS)
TEL (outside the U.S.) :+1–201–680–6825
E–mail : [email protected]

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