Mitsui Sumitomo Insurance

May 17, 2007

Notice Regarding Modification to Dividend-per-Share Forecast
for the Fiscal Year Ended March 31, 2007

The Company announces that the dividend per share forecast for the fiscal year ended March 31, 2007 has been modified to show an increase as set forth below.
Dividend-per-share increase will be proposed to the ordinary general meeting of shareholders which is scheduled in June 2007.

1. Reason of the modification

As its dividend policy, the Company expects to make an annual distribution to shareholders, through dividend payment and buyback of its own shares, an estimated amount equivalent to 40 percent of “group core profit” earned for the year, as well as the Company continuously increases dividend-per-share in a medium- and long-term trend. According to this policy, this modification was to increase the year-end dividend per share for the ended fiscal year by ¥1 to ¥8, in gratitude for shareholders’ continuous support.
Since ¥6 per share was paid as interim dividend to shareholders, the dividend will total to ¥14 per share annually for the said fiscal year.

(Note)

“Group core profit” is an index unique to the Company which shows ordinary earnings performance of the whole group of the Company. It is computed by deducting from consolidated net income incidental items, including capital gains and losses on investment securities and additional policy reserves provided for standard underwriting reserve at the life insurance subsidiaries.

2. Modification in summary

	Interim	Year-end	For fiscal year
Previous forecast (announced Nov 22, 2006)	¥6.00 per share	¥7.00 per share	¥13.00 per share
The forecast modified	¥6.00 per share	¥8.00 per share	¥14.00 per share
(Reference) Dividend per share paid for the previous fiscal year	¥4.00 per share	¥9.00 per share	¥13.00 per share

(Note)

The interim dividends were already paid (at ¥6.00 per share).

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