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Sony Bank's Announcement of Executive Appointments

June 14, 2007

Sony Bank Inc., an 88%-owned subsidiary of Sony Financial Holdings, today announced that it has determined the new management structure. The selections are subject to the approval of Sony Bank's Ordinary General Meeting of Shareholders and the Board of Directors Meeting to be held on June 28, 2007.

1. Changes to the Member of the Board Scheduled for June 28, 2007:

Resign

Current position

Kazuya Johno Director

2. New Management Team as of June 28, 2007:

Principal Business Activities and Positions at Sony Corporation, Title Name the SFH Group* and other companies

President, Shigeru Ishii Director of Sony Financial Holdings Inc. Representative Director

Director Hidehiko Nakamura

Director Masahiko Tokuyama

Director Teruhisa Tokunaka President and Representative Director of Sony Financial Holdings Inc.

Director Hiroki Totoki Executive Vice President of So-net Entertainment Corporation

Manabu Idei General Manager, Corporate Planning Department of Sony Financial Director Holdings Inc.

Director Tohru Nakajima Partner, Nagashima Ohno & Tsunematsu

Standing Hiroshi Ueda Statutory Auditor of Sony Financial Holdings Inc. Statutory Auditor

Statutory Fumio Kado Deputy General Manager, General Accounting Section, Accounting Auditor Department of Sony Corporation

Statutory Junichi Yoshikawa Corporate Control Department of Sony Financial Holdings Inc. Auditor

* The SFH Group indicates Sony Financial Holdings Inc., Sony Bank Inc., Insurance Co., Ltd. and Sony Assurance Inc. Executive positions at Sony Financial Holdings Inc. and So-net Entertainment Corporation are subject to the approval of each company's General Meeting of Shareholders and the Board of Directors Meeting to be held on June 29 and June 20, 2007, respectively. Note: This is an English-language summary of a Japanese announcement made by Sony Bank on June 14, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.