We seek to establish the brand of ”The Trust Bank”, providingcomprehensive solutions to our customers with distinctive value of SuMi TRUST Group.

First, we would like to extend our heartfelt thanks to all stakeholders for your invaluable support.

The Japanese economy has been stagnant due to the sluggish pace of recovery in personal consumption and capital investment, despite a broadening trend toward across-the-board increases in basic wages mainly in the manufacturing industry and continuing improvement in the employment and income environment as corporate earnings mark record highs.

Looking overseas, there is continuing uncertainty in financial markets amid awareness of a possible increase in the policy interest rate in the U.S. where the economy has recovered steadily, while China’s economy is slowing down.

In this environment, the Sumitomo Mitsui Trust Group (the “SuMi TRUST Group”), which is formed around the core entity Sumitomo Mitsui Trust Bank, Limited (“SuMi TRUST Bank”), worked to create new and unique added value and to strengthen its capacity for sustainable growth through the “Challenge and Creation” Midterm Management Plan.

In the first half of FY2015, net business profit before credit costs increased ¥9.7 billion year on year to ¥156.7 billion on a consolidated basis. Net income attributable to owners of the parent* was up ¥2.2 billion to ¥86.0 billion.

Net business profit before credit costs increased primarily due to growth in net fees and commissions and related profit and reduction of expenses at SuMi TRUST Bank, while net income attributable to owners of the parent was also up year on year.

As Japan’s only independent financial group specialized in trust banking, we will continue to firmly establish our presence under “The Trust Bank” brand throughout the financial industry, by fully utilizing our significant expertise and comprehensive capabilities to provide total solutions that are unique to a trust bank group and are distinctive strengths of the SuMi TRUST Group.

We sincerely ask for your ongoing support in this endeavor.

January 2016

Sumitomo Mitsui Trust Holdings, Inc. President Kunitaro Kitamura

Sumitomo Mitsui Trust Bank, Limited President Hitoshi Tsunekage

* In accordance with the revision of accounting standards, “net income” is now presented as “net income attributable to owners of the parent.”

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