Former Mitsui Marine Press Releases/September21,2000(Mitsui Sumitomo Insurance)

September21,2000

Joint Establishment of a Company in Defined Contribution Pension Plan

The Sakura Bank, Ltd.
The Sumitomo Marine & Fire Insurance Co., Ltd.
The Sumitomo Bank, Ltd.
The Sumitomo Trust & Banking Co., Ltd.
Sumitomo Life Insurance Co.
The Chuo Mitsui Trust & Banking Co., Ltd.
Mitsui Marine & Fire Insurance Co., Ltd.
Mitsui Mutual Life Insurance, Co.

The Sakura Bank, Ltd. (Akishige Okada, President), The Sumitomo Marine & Fire Insurance Co., Ltd. (Hiroyuki Uemura, President), The Sumitomo Bank, Ltd. (Yoshifumi Nishikawa, President), The Sumitomo Trust & Banking Co., Ltd. (Atsushi Takahasi, President), Sumitomo Life Insurance Co. (Koichi Yoshida, President), The Chuo Mitsui Trust & Banking Co., Ltd. (Kiichiro Furusawa, President), Mitsui Marine & Fire Insurance Co., Ltd. (Takeo Inokuchi, President) and Mitsui Mutual Life Insurance, Co. (Akira Miyake, President) jointly established a company dealing with the operation and administration of defined contribution pension plan, today.

The new company utilizes existing know-how and functions that the Mitsui Group and Sumitomo Group have and is able to offer highly qualified and substantial services to firms and plan beneficiaries.

Outline of the new company

Name:	Japan Pension Navigator Co., Ltd.
Capital:	JPY 2.5 billion
Shareholders:	Sumitomo Life Insurance Mitsui Mutual Life Insurance Sakura Bank Sumitomo Bank Sumitomo Marine & Fire Insurance Mitsui Marine & Fire Insurance Sumitomo Trust & Banking Chuo Mitsui Trust & Banking	25% 25% 15% 15% 5% 5% 5% 5%
Head Office	2-1, Yaesu 2-chome, Chuo-ku, Tokyo (Sumitomo Life Yaesu Building)
Management & Auditors	President: Rentaro Kaneko (ex-Senior Managing Director, Sumitomo Life Insurance) Executive Vice President: Yoshio Machida (ex-Executive Officer, Mitsui Mutual Life Insurance) 7 Directors (Executive Officers and General Managers of Sakura Bank, Sumitomo Marine & Fire Insurance, Sumitomo Bank, Sumitomo Trust & Banking, Chuo Mitsui Trust & Banking, Mitsui Marine & Fire Insurance and Mitsui Mutual Life Insurance) 1 Standing Auditor (transferred from Sakura Bank) 2 Auditors (General Managers of Sumitomo Marine & Fire Insurance and Sumitomo Life Insurance)
Main businesses	1. Consultation for the introduction of defined contribution pension plan 2. Calculation of projected benefit obligation 3. Operation and administration regulated by Defined Contribution Pension Plan Act (provisional) Selection and presentation of investment products Providing information on systems and investment products 4. Call center and web site 5. Investment education programs for clients