March 3, 2008 To whom it may concern

Corporate Name : , Inc. Representative : , President & CEO Head Office : 5-5, Otemachi 1-chome Chiyoda-ku, Tokyo, Japan Code Number : 8411（TSE 1st Sec., OSE 1st Sec.）

Re: Management Changes for the Mizuho Financial Group

Mizuho Financial Group, Inc. hereby announces changes in the directors, corporate auditors and executive officers (including changes in their areas of responsibility) of the following entities within the Group :

Mizuho Financial Group, Inc. , Ltd. , Ltd. Mizuho Securities Co., Ltd. Mizuho Trust & Banking Co., Ltd.

－1－ 【Mizuho Financial Group, Inc. (MHFG)】

Name New Position (effective as of April 1, 2008) Current Position Mr. Takashi Deputy President - Executive Officer Mizuho Corporate Bank, Ltd. Tsukamoto Head of Financial Control and Deputy President Accounting Group (Representative Director) Mr. Tsuneo Managing Executive Officer Executive Officer Morita Head of Internal Audit Group General Manager of Administration Mr. Hajime Managing Executive Officer Mizuho Bank, Ltd. Saito Head of Risk Management Group, Executive Officer Head of Human Resources Group General Manager of Treasury Division and Head of Compliance Group Mr. Toshitsugu Executive Officer General Manager of Executive Okabe General Manager of Executive Secretariat Secretariat Mr. Masato Director Deputy President Ono (Representative Director) Head of Internal Audit Group Mr. Satoru Director Managing Director and Nishibori Managing Executive Officer Head of Financial Control and Accounting Group Mr. Masayuki Retired Managing Executive Officer Saito Head of Risk Management Group, Head of Human Resources Group and Head of Compliance Group

－2－ Name New Position (to become effective in late June 2008) Current Position Mr. Takashi Deputy President （Mentioned above） Tsukamoto (Representative Director) Head of Financial Control and Accounting Group Mr. Tsuneo Managing Director and （Mentioned above） Morita Managing Executive Officer Head of Internal Audit Group Mr. Tsuneo Corporate Auditor Mizuho Bank, Ltd. Muneoka (full-time) Managing Executive Officer Financial Control and Accounting Group Mr. Masato Retired （Mentioned above） Ono Mr. Satoru Retired （Mentioned above） Nishibori Mr. Shigeru Retired Corporate Auditor Yamamoto (full-time) The appointment of Messrs. Takashi Tsukamoto and Tsuneo Morita as directors and the appointment of Mr. Tsuneo Muneoka as corporate auditor are subject to approval at the regular general meeting of shareholders of MHFG to be held in late June 2008.

－3－ 【Director and Corporate Auditor Nominees】 （Nominees are subject to approval by the regular general meeting of shareholders to be held in late June 2008）

Name Takashi Tsukamoto Date of Birth Aug. 2, 1950 Education Mar. 1974 Graduated from Faculty of Law, Kyoto University Business Experience Apr. 1974 Joined The Dai-ichi Kangyo Bank, Limited Executive Officer, General Manager of Human Resources Division of Mizuho Corporate Bank, Ltd. Managing Executive Officer, Head of Risk Management Group and Head of Human Resources Group of Mizuho Financial Group, Inc. Managing Executive Officer, Head of Europe, Middle East and Africa of Mizuho Corporate Bank, Ltd. Managing Director, Chief Strategy Officer and Chief Financial Officer Deputy President (Representative Director) (current)

Name Tsuneo Morita Date of Birth Apr. 29, 1954 Education Mar. 1978 Graduated from College of Law, Aoyama Gakuin University Business Experience Apr. 1978 Joined The , Limited General Manager of Kichijoji Branch of Mizuho Bank, Ltd. Senior Manager of Administration of Mizuho Financial Group, Inc. General Manager of Administration Executive Officer, General Manager of Administration (current)

Name Tsuneo Muneoka Date of Birth May 14, 1951 Education Mar. 1976 Graduated from School of Political Science and Economics, Waseda University Business Experience Apr. 1976 Joined The , Limited General Manager of Financial Planning Division of Mizuho Bank, Ltd. Executive Officer, General Manager of Financial Planning Division Managing Executive Officer (current)

－4－ 【Executive Officer Appointees】

Name Hajime Saito Date of Birth July 7, 1956 Education Mar. 1979 Graduated from Faculty of Economics, the University of Tokyo Business Experience Apr. 1979 Joined The Dai-ichi Kangyo Bank, Limited Deputy General Manager of Human Resources Planning of Mizuho Holdings, Inc. Deputy General Manager of Human Resources of Mizuho Financial Group, Inc. Senior Manager of Financial Planning General Manager of Financial Planning Executive Officer, General Manager of Treasury Division of Mizuho Bank, Ltd. (current)

Name Toshitsugu Okabe Date of Birth May 2, 1956 Education Mar. 1980 Graduated from Faculty of Law, Chuo University Business Experience Apr. 1980 Joined The Fuji Bank, Limited Head of Social Responsibility Compliance Office of Mizuho Bank, Ltd. General Manager of Azabu Branch General Manager for Executive Secretariat of Mizuho Financial Group, Inc. General Manager of Executive Secretariat (current)

－5－ 【Mizuho Bank, Ltd. (MHBK)】

Name New Position (effective as of April 1, 2008) Current Position Mr. Satoru Deputy President Mizuho Financial Group, Inc. Nishibori (Representative Director) Managing Director and Compliance Group, Managing Executive Officer Branch Banking Division Head of Financial Control and Accounting Group Mr. Takuro Managing Director and Managing Director and Yoshida Managing Executive Officer Managing Executive Officer Business Coordination & Corporate Banking Group Development Group Mr. Tetsuro Managing Director and Managing Executive Officer Ueno Managing Executive Officer Trading and ALM Group Trading and ALM Group Mr. Masakazu Managing Director and Managing Executive Officer Kawabata Managing Executive Officer Strategic Planning Group Strategic Planning Group Mr. Takehiko Managing Executive Officer Managing Executive Officer Nishina Branch Banking Division Branch Banking Division Mr. Manabu Managing Executive Officer Managing Executive Officer Yoshidome Operations Group, Branch Banking Division Customer Satisfaction Division, Branch Banking Division Mr. Katsuyoshi Managing Executive Officer Mizuho Corporate Bank, Ltd. Ejima Credit Department Managing Executive Officer Chief Compliance Officer, Chief Credit Officer Mr. Naoto Managing Executive Officer Managing Executive Officer Tsumita Branch Banking Division Public Sector Banking Group, Branch Banking Division Mr. Nobuhiro Managing Executive Officer Managing Executive Officer Ishikawa Branch Banking Division Branch Banking Division Mr. Ippei Managing Executive Officer Executive Officer Miyata Branch Banking Division General Manager of Internal Audit Division Mr. Michitoshi Managing Executive Officer Executive Officer Tsuruoka Branch Banking Division General Manager of Branch Banking Unit Ⅰ －6－ Name New Position (effective as of April 1, 2008) Current Position Mr. Katsuji Managing Executive Officer Mizuho Corporate Bank, Ltd. Nagatsu Branch Banking Division Executive Officer General Manager of Corporate Banking Division No.14 Mr. Tomozo Managing Executive Officer Executive Officer Yoshikawa Financial Control and Accounting Group General Manager of Financial Planning Division Mr. Toshihiko Managing Executive Officer Executive Officer Fukuzawa IT & System Group, General Manager of Ginza Branch Branch Banking Division Mr. Naoto Managing Executive Officer Executive Officer Suzuki Corporate Banking Group General Manager of Branch Banking Division Mr. Yoshinobu Executive Officer Executive Officer Shigeji General Manager of General Manager of Corporate Banking Planning Division Nagoya-chuo Corporate Banking Department of Nagoya-chuo Branch Mr. Yoshiyuki Executive Officer Executive Officer Sawai General Manager of Shibuya Branch General Manager of Corporate Banking Planning Division Mr. Hisashi Executive Officer General Manager of Nakamura General Manager of Branch Banking Unit Ⅳ Internal Audit Division Mr. Yuichi Executive Officer General Manager of Nakagawa General Manager of Shibuya-chuo Branch Shibuya-chuo Branch Mr. Makoto Executive Officer General Manager of Sugie General Manager of Marunouchi-chuo Branch Credit Risk Management Division and General Manager of Marunouchi-chuo Branch Division Ⅰ Mr. Yoshihiro Executive Officer General Manager of Miura General Manager of Umeda Corporate Banking Branch Banking Division Department of Umeda Branch Mr. Junichi Executive Officer General Manager of Nishizawa General Manager of Human Resources Division Nagoya-chuo Corporate Banking Department of Nagoya-chuo Branch

－7－ Name New Position (effective as of April 1, 2008) Current Position Mr. Kouji Executive Officer Mizuho Trust & Banking Co., Ltd. Kawakubo General Manager of Executive Officer Consulting Division General Manager of Corporate Business Planning Department Mr. Akio Executive Officer General Manager of Kyobashi Branch Takenouchi General Manager of Kyobashi Branch Mr. Shirou Executive Officer General Manager of Tomiyasu General Manager of Credit Supervision Division Ⅰ Credit Supervision Division Ⅰ Mr. Yuichiro Executive Officer General Manager of Takahashi General Manager of International Business Division International Business Division Mr. Hirohisa Executive Officer General Manager of Kashiwazaki General Manager of Ginza Branch Corporate Planning Division and Head of Business Innovation Office Mr. Motohiro Executive Officer General Manager of Kaneko General Manager of Executive Secretariat Executive Secretariat Mr. Takuo Corporate Auditor General Manager of Hirota (full-time) Risk Management Division and Head of Basel Ⅱ Management Office Mr. Takashi Retired Deputy President Nonaka (Representative Director) Compliance Group, Branch Banking Division Mr. Haruhisa Retired Managing Director and Shiraishi Managing Executive Officer IT & System Group, Branch Banking Division Mr. Naomi Retired Managing Director and Inoue Managing Executive Officer Operations Group, Branch Banking Division, Customer Satisfaction Division Mr. Tsuneo Retired Managing Executive Officer Muneoka Financial Control and Accounting Group

－8－ Name New Position (effective as of April 1, 2008) Current Position Mr. Nobutake Retired Managing Executive Officer Nishijima Business Development Division Mr. Masaki Retired Managing Executive Officer Tashiro Credit Division Mr. Makoto Retired Managing Executive Officer Nogami Branch Banking Division Mr. Hajime Retired Executive Officer Saito General Manager of Treasury Division Mr. Yuichi Retired Executive Officer Kawamoto General Manager of Credit and Alternative Investment Division Mr. Sunao Retired Executive Officer Hirata General Manager of Operations Planning & Administration Division and Head of Security Planning Office Mr. Mutsuo Retired Executive Officer Kanazawa General Manager of Compliance Division Mr. Yukio Retired Executive Officer Yokoyama General Manager of Shibuya Branch Mr. Teruo Retired Corporate Auditor Fujino (full-time) The appointment of Messrs. Satoru Nishibori, Tetsuro Ueno and Masakazu Kawabata as directors and the appointment of Mr. Takuo Hirota as corporate auditor are subject to approval at the general meeting of shareholders of MHBK to be held on April 1, 2008.

－9－ 【Mizuho Corporate Bank, Ltd. (MHCB)】

Name New Position (effective as of April 1, 2008) Current Position Mr. Yutaka Deputy President Managing Executive Officer Miyamoto (Representative Director) Mr.Norio Managing Executive Officer Managing Executive Officer Nakajima Head of Global Markets Unit Head of Global Markets Unit, Head of Global Alternative Investment Unit Mr. Takeshi Managing Executive Officer Managing Executive Officer Hanai Head of Asia & Oceania Mr. Motoo Managing Executive Officer Managing Executive Officer Nagai Head of Global Portfolio Management Unit, Head of Global Portfolio Management Unit, Head of Financial Institutions & Public Head of Financial Institutions & Public Sector Business Unit, Sector Business Unit Head of Global Alternative Investment Unit Mr. Akira Managing Executive Officer Executive Officer Segawa General Manager of Nagoya Corporate Banking Division Mr. Keizo Managing Executive Officer Executive Officer Ohashi Head of Asia & Oceania General Manager of International Coordination Division Mr. Yoshiyuki Managing Executive Officer Executive Officer Fukuda General Manager of Securities Division Mr. Shuichi Managing Executive Officer Executive Officer Honda Chief Compliance Officer, General Manager for Corporate Chief Credit Officer Banking Coordination Dvision Mr. Masaaki Managing Executive Officer Executive Officer Kono General Manager of Corporate Banking Division No.8 Mr. Makio Managing Executive Officer Executive Officer Tanehashi General Manager of Internal Audit Division Mr. Atsushi Managing Executive Officer Executive Officer Shigeta General Manager of Corporate Banking Division No.7 Mr. Shinya Managing Executive Officer Executive Officer Wako Head of Europe, Middle East and Africa General Manager of Global Structured Finance Division

－10－ Name New Position (effective as of April 1, 2008) Current Position Mr. Tetsuya Executive Officer Executive Officer Kawagishi General Manager of Internal General Manager of Corporate Audit Division Banking Division No.2 Mr. Yuichi Executive Officer General Manager of Corporate Katayama General Manager of Corporate Banking Division No.16 Banking Division No.16 Mr. Shigeaki Executive Officer General Manager of IT & Katayama General Manager of IT & Systems Planning Division Systems Planning Division Mr. Yasuhiko Executive Officer General Manager of Corporate Imaizumi General Manager of Nagoya Banking Division No.18 Corporate Banking Division Mr. Yukio Executive Officer General Manager of Americas Division Yasuda General Manager of International Coordination Division Mr. Koichi Executive Officer General Manager of Forex Division Kubo General Manager of Forex Division Mr. Satoshi Executive Officer General Manager for Corporate Fujimoto General Manager of Corporate Banking Division No.2 Banking Division No.2 Mr. Harusato Executive Officer General Manager of Taipei Branch Nihei General Manager of Taipei Branch Mr. Hiraku Executive Officer General Manager, Otani General Manager of Corporate International Coordination Division Banking Division No.3 Mizuho Corporate Bank (China), Ltd. Mr. Kosuke Executive Officer General Manager of Singapore Branch Nakamura General Manager of Singapore Branch Mr. Hiroshi Executive Officer General Manager of Europe Division Suehiro General Manager of Corporate Banking Division No.7 Mr. Tadashi Executive Officer General Manager of Osaka Corporate Kanki General Manager of Corporate Banking Division No.3 Banking Division No.8 Mr. Takashi Retired Deputy President Tsukamoto (Representative Director) Mr. Masahiro Retired Managing Executive Officer Murayama

－11－ Name New Position (effective as of April 1, 2008) Current Position Mr. Akira Retired Managing Executive Officer Kawamura Head of Europe, Middle East and Africa Mr. Katsuyoshi Retired Managing Executive Officer Ejima Chief Compliance Officer, Chief Credit Officer Mr. Mitsuaki Retired Managing Executive Officer Tsuchiya Mr. Yoshiyuki Retired Managing Executive Officer Sato Mr. Motonobu Retired Managing Executive Officer Sugimoto Mr. Jun Retired Managing Executive Officer Watanabe (effective as of February 29, 2008) Mr. Yoshimitsu Retired Executive Officer Arahata General Manager of Corporate Banking Division No.11 Mr. Katsuji Retired Executive Officer Nagatsu General Manager of Corporate Banking Division No.14 Mr. Hideo Retired Executive Officer Ishii General Manager of Fukuoka Corporate Banking Division The appointment of Mr. Yutaka Miyamoto as director is subject to approval at the general meeting of shareholders of MHCB to be held on April 1, 2008.

－12－ 【Mizuho Securities Co., Ltd. (MHSC)】

Name New Position (effective as of April 1, 2008) Current Position Mr. Masahiro Deputy President Mizuho Corporate Bank, Ltd. Murayama (Representative Director) Managing Executive Officer Head of Asia Committee Mr. Akira Deputy President Mizuho Corporate Bank, Ltd. Kawamura (Representative Director) Managing Executive Officer Head of Europe, Middle East and Africa Mr. Kunimi Managing Director Managing Director Tokuoka Head of Global Investment Head of Global Investment Banking Groups, Banking Groups, Head of Financial Institutions Head of Financial Institutions & Public Institutions Group, & Public Institutions Group, Head of Advisory Group Head of Investment Banking Products Group Mr. Koichiro Managing Director Managing Director Sugii Head of Global Markets Head of Equity Group, & Products Groups, Co- Head of Products Promotion Group Head of Equity Group Mr. Naohiro Managing Director Managing Director Kamei Head of Global Futures & Derivatives Mizuho Securities USA Inc. Global Markets & Products Groups President & CEO Mr. Toshinari Managing Director Managing Director Iyoda Head of Investment Banking Group Ⅰ Head of Advisory Group Mr. Akira Managing Director Head of Chubu Client Coverage Kawamura Head of Chubu Investment Investment Banking Group Ⅰ Banking Group and Investment Banking Group Ⅱ Mr. Junichi Managing Director Managing Director Nakamura Head of Capital Markets Group Head of Capital Markets Group Mr. Satoru Managing Director Managing Director Akiyama Head of Products Promotion Group Co- Head of Products Promotion Group Mr. Yoshiaki Managing Director Managing Director Ohashi Human Resources Department, Head of Risk Management Operational Risk Management Department, & Finance Group Information Security Management Department, Corporate Communications

－13－ Name New Position (effective as of April 1, 2008) Current Position Mr. Tadao Managing Director Managing Director Ogoshi Deputy Head of Asia Committee Joint Head of International Business Group Mr. Futoshi Managing Director Managing Director Okada Deputy Head of Asia Committee Joint Head of Investment Banking Group Ⅰ Mr. Satoshi Managing Director Managing Director Itoh Co-Head of Client Coverage Head of Fixed Income Group Investment Banking Group Ⅰ Mr. Daisuke Managing Director Mizuho Corporate Bank, Ltd. Yamamoto Co-Head of Client Coverage General Manager, Investment Banking Group Ⅰ International Coordination Division Mizuho Corporate Bank (USA) President & CEO Mr. Masahiro Managing Director Head of Client Coverage Miyamoto Co-Head of Client Coverage Investment Banking Group Ⅰ Investment Banking Group Ⅰ Mr. Takaaki Managing Director Mizuho Corporate Bnak, Ltd. Kato Co-Head of Client Coverage General Manager of Investment Banking Group Ⅱ Hong Kong Branch Mr. Yoshinori Managing Director Mizuho Corporate Bank, Ltd. Yaso Head of International Business Group, General Manager of Europe Corporate Deputy Head of Asia Committee Banking Division No.1 Mr. Kiyokata Managing Director Mizuho Corporate Bank, Ltd. Somekawa Head of Risk Management General Manager of Compliance & Finance Group Division Mr. Takeshi Managing Director Managing Director Senda Deputy Head of Asia Committee Planning Group International Department (Asia) Mr. Junichi Managing Director Mizuho Corporate Bank, Ltd. Kato Mizuho Bank (Switzerland) Ltd. General Manager of ALM Division President & CEO Mr. Katsuo Managing Director Senior Manager, Okuno Mizuho Securities Asia Ltd. Planning Group International Department President & CEO Mizuho Securities Asia Ltd. President & CEO

－14－ Name New Position (effective as of April 1, 2008) Current Position Mr. Naomi Corporate Auditor Mizuho Bank, Ltd. Inoue Managing Director and Managing Executive Officer Operations Group, Branch Banking Division, Customer Satisfaction Division Mr. Shigeyoshi Retired Deputy President Nishiyama (Representative Director) Mr. Kiyoto Retired Deputy President Matsuda (Representative Director) Mr. Takahisa Retired Managing Director Matsuura Head of Global Markets & Products Groups Mr. Hiroshi Retired Managing Director Ikeda Head of Investment Banking Group Ⅰ Mr. Yuichiro Retired Managing Director Ikeda Head of International Business Group Mr. Kazuaki Retired Managing Director Kitabatake Joint Head of Investment Banking Group Ⅱ Mr. Kazuhiro Retired Managing Director Yamashita Senior General Manager Equity Group Mr. Tadashi Retired Managing Director Sakai Mizuho Bank (Switzerland) Ltd. President & CEO Mr. Shinji Retired Corporate Auditor Hirayama The appointment of Messrs. Masahiro Murayama and Akira Kawamura as directors and the appointment of Mr. Naomi Inoue as corporate auditor are subject to approval at the general meeting of shareholders of MHSC to be held on April 1, 2008. Mr. Inoue qualifies as an “outside corporate auditor” under the Company Law of Japan.

－15－ 【Mizuho Trust & Banking Co., Ltd. (MHTB)】

Name New Position (effective as of April 1, 2008) Current Position Mr. Mitsuyoshi Deputy President Managing Director and Tohyama (Representative Director) Managing Executive Officer Mr. Nobutake Deputy President - Executive Officer Mizuho Bank, Ltd. Nishijima Managing Executive Officer Business Development Division Mr. Mitsuaki Deputy President - Executive Officer Mizuho Corporate Bank, Ltd. Tsuchiya Managing Executive Officer Mr. Yuuji Managing Executive Officer Managing Executive Officer Aoyagi General Manager of IT & Systems Planning Department Mr. Yoriaki Managing Executive Officer Managing Executive Officer Takebe General Manager of Business Planning Department Mr. Ryouichi Managing Executive Officer Executive Officer Tahara General Manager of Human Resources Department Mr. Eiji Managing Executive Officer Executive Officer Sumikura General Manager of Real Estate General Manager of Real Estate Appraisal Department Planning Department Mr. Tsutomu Managing Executive Officer Executive Officer Tsunashima General Manager of Osaka Branch General Manager of Osaka Branch Mr. Yasuo Executive Officer General Manager of Hirose General Manager of Public Sector Department Public Sector Department Mr. Haruyuki Executive Officer Mizuho Bank, Ltd. Kaneko General Manager of Tsukiji Corporate Banking Department of Tsukiji Branch Mr. Tadashi Executive Officer General Manager, Ohi General Manager of IT & Securities & Custody Business Systems Planning Department Planning Department Trust & Custody Services Bank, Ltd. Mr. Akira Executive Officer General Manager of Corporate Moriwaki General Manager of Corporate Planning Department Planning Department

－16－ Name New Position (effective as of April 1, 2008) Current Position Mr. Takanori Executive Officer General Manager of Real Estate Sakurai General Manager of Real Estate Business Department Ⅰ Business Department Ⅳ Mr. Shingo Executive Officer General Manager for Corporate Unami General Manager of Human Planning Department Resources Department Mr. Yoshijiro Executive Officer General Manager of Operations Adachi General Manager of Business Planning Department Planning Department Mr. Mareto Director Deputy President Sako (Representative Director) Mr. Yasushi Director Deputy President Ohkubo (Representative Director) Mr. Naoki Director Managing Director and Furuya Managing Executive Officer Mr. Takashi Advisor Mizuho Bank, Ltd. Nonaka Deputy President (Representative Director) Compliance Group, Branch Banking Division Mr. Akiyoshi Retired Managing Executive Officer Ohba Mr. Masaaki Retired Managing Executive Officer Shirakawa Mr. Shigeki Retired Executive Officer Kuwahara General Manager of Real Estate Business Department Ⅳ Mr. Ryuichiro Retired Executive Officer Nomura General Manager of Trust Business Advisory Department Mr. Kouji Retired Executive Officer Kawakubo General Manager of Corporate Business Planning Department

－17－ Name New Position (to become effective in late June 2008) Current Position Mr. Teruhiko Chairman President & CEO Ikeda (Representative Director) Mr. Takashi President & CEO （Mentioned above） Nonaka (Representative Director) Mr. Nobutake Deputy President （Mentioned above） Nishijima (Representative Director) Mr. Mitsuaki Deputy President （Mentioned above） Tsuchiya (Representative Director) Mr. Ryoji Corporate Auditor General Manager of Internal Yokoyama (full-time) Audit Department Mr. Yoshinori Corporate Auditor Japan Confirm Co., Ltd. Yamada (full-time) President (Representative Director) Mr. Mareto Retired （Mentioned above） Sako Mr. Yasushi Retired （Mentioned above） Ohkubo Mr. Naoki Retired （Mentioned above） Furuya Mr. Fumio Retired Corporate Auditor Katoh (full-time) Mr. Masahiko Retired Corporate Auditor Sakamoto (full-time) The appointment of Messrs. Takashi Nonaka, Nobutake Nishijima and Mitsuaki Tsuchiya as directors and the appointment of Messrs. Ryoji Yokoyama and Yoshinori Yamada as corporate auditors are subject to approval at the regular general meeting of shareholders of MHTB to be held in late June 2008. Mr. Yamada qualifies as an “outside corporate auditor” under the Company Law of Japan.

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