MUFG Americas Holdings Corporation (MUAH)

Investor Presentation for the Quarter Ended

December 31, 2020

MUFG Americas Holdings Corporation Forward-Looking Statements and Non-GAAP Financial Measures

This presentation describes activities of MUFG Americas Holdings Corporation and its consolidated subsidiaries (the Company) unless otherwise specified. This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s most recent annual report on Form 10-K and Quarterly Reports on Forms 10-Q and in any subsequent filings with the Securities and Exchange Commission (SEC).

The following appears in accordance with the Private Securities Litigation Reform Act. This presentation includes forward-looking statements that involve risks and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Often, they include the words “believe,” “expect," “target,” “anticipate,” “intend,” “plan,” “seek," "estimate,” “potential,” “project,” "forecast," "outlook," or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” "might," or “may.” They may also consist of annualized amounts based on historical interim period results. There are numerous risks and uncertainties that could and will cause actual results to differ materially from those discussed in the Company’s forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict and could have a material adverse effect on the Company’s financial condition, and results of operations or prospects. For more information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the SEC, including the discussions under “Management’s Discussion & Analysis of Financial Condition and Results of Operations” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q and in any subsequent filings with the SEC and available on the SEC’s website at www.sec.gov. In addition to the aforementioned factors, the COVID-19 global pandemic is adversely affecting us, our clients, and our third-party service providers, among others, and its impact may adversely affect our business and results of operations over a period of time. Any factor described above, in this presentation, or in our SEC reports could, by itself or together with one or more other factors, adversely affect our financial condition, results of operations and prospects. All forward-looking statements contained herein are based on information available at the time of this presentation, and the Company assumes no obligation to update any forward-looking statements.

This investor presentation includes the tangible common equity capital ratio to facilitate the understanding of the Company’s capital structure and for use in assessing and comparing the quality and composition of the Company's capital structure to other financial institutions. This investor presentation also includes the adjusted efficiency ratio to enhance the comparability of MUAH's efficiency ratio when compared with other financial institutions. Please refer to our separate reconciliation of non-GAAP financial measures in our 10-K for the year ended December 31, 2020. This investor presentation also includes adjusted net income, a non-GAAP financial measure, which adjusts noninterest income and noninterest expense for the fees and costs associated with services provided to MUFG Bank, Ltd. branches in the U.S. to enhance comparability with other financial institutions and the impact of goodwill impairment to enhance comparability between periods. This presentation should not be viewed as a substitute for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP financial measures presented by other companies.

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 2 MUFG has a Significant Presence in the U.S.

Significant presence in the United States through MUFG Americas Holdings Corp. (MUAH), its Intermediate , as well as through MUFG branches, collectively referred to as Combined U.S. Operations (CUSO)

MUFG2 • Assets: $3.3 trillion, 6th largest globally • : $1.0 trillion • Deposits: $1.9 trillion, 6th largest globally • Locations: ~2,600 • Employees: ~180,000 across 50+ countries

12/31/20 assets: 12/31/20 assets: $150.9B $15.6B MUFG U.S.

3 12/31/20 assets: • Assets: $339 billion $7.2B • Loans: $177 billion3 3 12/31/20 assets: 12/31/20 assets: 12/31/20 assets: • Deposits: $211 billion 1 12/31/20 assets: $132.1B $32.7B $3.0B $2.9B • Locations: 352 branches • Employees: ~13,900 FTE4

1. Net of intercompany eliminations 2. MUFG: Total Assets, Loans, and Deposits as of 9/30/2020 using an exchange rate of USD 1.00 = JPY 105.80; global rankings for Total Assets and Deposits are as of 6/30/2020; locations and countries are as of 9/30/2020; employees are as of 12/31/2019 3. MUFG U.S.: Total Assets of $339 billion, Loans of $177 billion, and Deposits of $211 billion; including intercompany adjustments as of 9/30/2020 4. Source: MUAH's 12/31/2020 10-K filing, number of full-time equivalent (FTE) employees for MUAH only

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 3 Strength of U.S. Presence

MUFG Vision Be the world’s most trusted financial group.

To be a foundation of strength and trust committed to meeting the needs of our MUAH & MUFG customers, colleagues, communities and shareholders, fostering shared and sustainable Americas Mission growth.

Financial Strength and Value Clients

• MUFG Union Bank (MUB) was formed over 150 years ago • Client centric strategy built on long standing relationships in affluent West Coast and select national footprints • Strong balance sheet with historically highly-rated credit portfolio, high quality capital base (Tier 1 risk-based • MUB serves 2.1 million clients and is committed to forging capital ratio of 15.28%) and strong liquidity long-standing relationships that enable us to provide strong solutions to our clients • Solid investment grade credit ratings (MUB is rated A/A3/ A) • MUFG Americas serves ~1,200 U.S. mid-to-large cap corporate and financial institution clients nationwide, aligned by industry verticals

Shareholders Colleagues

• Owned by and strategically important to Mitsubishi UFJ • Experienced, stable, and diverse local management team Financial Group (MUFG), one of the world’s largest and a majority of independent board members financial organizations • MUFG Americas is committed to Inclusion and Diversity. • MUFG traces its history back over 360 years and Workforce is comprised of 49.6% women, 58.5% people emphasizes a conservative risk culture with a focus on of color, and 66.1% of women or people of color at the VP safety and soundness level and above1 • First Japanese financial institution to set long-term goals for sustainable finance (¥20 trillion, or $180 billion, from FY2019 to FY2030)

1. As of 3/31/2020 MUFG Americas Holdings Corporation Investor Presentation, 4Q20 4 Supporting Clients, Communities, and Colleagues during COVID-19

We have seen overwhelming economic suffering across our country as a result of COVID-19. We believe it is our responsibility to be part of the solution.

Clients Communities Colleagues

• SBA Paycheck Protection • $3 million commitment to • Quickly ramped up technology to Program (PPP) Loan Origination support local communities enable 80%+ MUFG Americas2 • Provided ~$2.7 billion of loans globally to accelerate the path to colleagues to work from home to ~14,000 clients under initial recovery • Employee Relief Funding of two phases of SBA PPP • $1.4 million in support of the $410,000 for employees in the US • Received ~6,000 applications small business sector totaling ~$707 million1 under • $1 million to existing small • All Union Bank branch staff in CA, phase 3 business grants in the U.S. WA, and OR received relief pay of up to $2,000 • PPP Loan Forgiveness • $500,000 for US-based social • Received ~6,300 applications safety net programs • MUFG Americas U.S. colleagues for ~$1.1 billion1 • $100,000 for community-based who became ill or needed to attend organizations in Canada and to family matters received • Business and Consumer Relief Latin America Programs additional time off

1. As of 2/12/2021 2. Colleagues from the U.S., Canada, and Latin America MUFG Americas Holdings Corporation Investor Presentation, 4Q20 5 Advancing Sustainable Growth and Financial Opportunity

Addressing climate change and combating social and racial inequality is crucial to achieving a sustainable environment and society. MUFG Americas will support this progress by focusing on environmental, social, governance (ESG) goals.

Sustainable Business Office for the Americas (SBOA) Five Program Pillars:

1 Social License 2 Embed ESG in 3 Carbon Neutral 4 ESG Products / 5 ESG to Operate Risk Framework By 2030 Business Promotion Disclosures

MUFG Global MUFG Americas

ESG Commitments Added restricted transactions sectors to MUFG ESG Commitments • ¥20 trillion FY2019 – 2030 Global Environmental and Social Policy Framework in May 2020 • $72 billion exceeded $41 billion sustainable finance goal ($180 CY2016-2020 Community Service

billion) Coal-fired power Oil & Gas (oil sand, Action Plan goal for environmental Mining (coal) generation development of the Arctic) and social finance • MUFG Environmental and Social Policy Framework in place Exceeded environmental • Aim for 100% renewable in- Large hydropower Forestry Palm oil finance sub-goal by $25 bn house electricity by 2030

Cluster munitions Inhumane weapons Awards manufacturing • #2 Renewable energy lead Exceeded social finance arranger (Bloomberg New -- Environmental and Social -- Social sub-goal by $6 bn Energy Finance) • #6 Sustainability linked loans Announced balance of financing and reduction target of coal-fired power generation projects¹ (Refinitiv) Balance • #10 Green & social corporate $3.58 billion bonds (Dealogic) vs. FY19 New ESG Product By 50% • 2019 Lead Manager of the Year • Launched in February 2021 one of Social bonds (Environmental the first Green Deposits in the U.S. Finance) Zero FY19 FY30 (Target) Targeting FY40

1. Excludes projects that are designed to contribute to transition to a decarbonized society according to the MUFG Environmental and Social Policy Framework; announced in October 2020 MUFG Americas Holdings Corporation Investor Presentation, 4Q20 6 MUFG Americas Strategic Plan

7 Strategic Plan

Strategic framework including Objectives and Key Results (OKRs) and Corporate Priority Initiatives (CPIs) are focused on remediating our earnings issues, technology deficit and effectively managing risks

Americas OKRs What are we doing

Customers • MUB is dedicated to a client-centric, relationship-based, “back to basics” approach • Global Corporate & Investment Banking will continue to focus on key client Create a client-centric business segments and differentiating through innovative credit structures model • Rationalize and exit non-client centric businesses and products People • Committed to increasing diverse representation through hiring, development and retention practices Foster a diverse, inclusive, • Focused on increasing sustainable employee engagement winning culture • Advance the firm’s information security control framework Controls • As part of Transformation, replace the Core Banking platform and implement the Risk and Regulatory Data program • Maintain effective oversight of compliance matters and enhance internal control Effectively manage risks framework

Profitability • Rewiring will structurally change the way we operate and reduce our cost base • Simplify operating model to position the platform for growth • Transformation will bring a client-first, customer centric operating model to support Deliver competitive results our business and technology opportunities

Corporate Priority Initiatives 1 2 3 4 5 6 7 8 9 10 11 12 Gathering & Regional Mortgage – Differentiate Differentiate Secured Working Balance Safety & Rewiring Transform- Sponsor Optimization Bank Relationship & Win & Win Asset Capital Sheet Soundness MUFG ation Coverage of Quality Restructure Program1 (CB) (SB, BB) Finance Solutions Optimization Deposits

Enterprise Regional Bank Global Corporate & Investment Banking and MUSA 1. Includes Conforming Gain on Sale MUFG Americas Holdings Corporation Investor Presentation, 4Q20 8 #5-8 CPIs MUFG Union Bank Segment Strategy Overview

Segment Strategy MUB

Global Regional Bank Corporate & Investment Commercial Banking, Business High Net Worth / Mass Affluent / Banking-US Banking & Small Business Affluent Mass Market

Lead with ideas Lead with credit and Lead relationship with mortgage Lead with simple, everyday and bespoke team-based collaboration to and deepen with deposits and banking to efficiently grow low- solutions win clients and grow core deposits investments cost deposits

Product Strategies

Commercial Real Leverage deep commercial lending expertise to drive Estate growth in key segments and verticals

Deposits & Treasury Fund the bank efficiently with low-cost core deposits and enhanced collaboration with Transaction Banking Management

Capital Markets and Deepen relationships with value-add capital markets, FX, investment banking and wealth management products and advice Advisory Services

Home Lending Leverage home lending strength as a key relationship driver and acquisition engine

Personal Lending Profitably deploy personal lending for acquisition and primacy

Foundational Strategies

Organization Organize around client segments, align performance measurement & appropriate incentives, maintain safety and soundness

Digital Platform Enhance client-facing and internal digital capabilities around segment-specific needs

Physical Distribution Optimize the branch network for efficiency and fit-for-purpose segment objectives

Efficiencies Prioritize efficiency and simplification across segments and supporting operations

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 9 #5-8 CPIs Regional Bank Strategic Approach by Core Segment

“Back to Basics” approach aimed at differentiating among Commercial, Business, and High Net Strategy Worth segments, while efficiently serving the Mass Affluent and Mass Market

Commercial Banking, Target Business Banking & Small High Net Worth / Affluent Mass Affluent / Mass Market Segments Business

Credit and team-based Simple everyday banking to Mortgage to opportunistically Lead With collaboration to win clients efficiently grow low-cost grow deposits and investments and grow deposits deposits

Key Market Share | Depth | Wallet Share | Depth | Core Deposits | Primacy | Success Core Deposits Core Deposits Efficiency Measures

• Relationship-based approach to client engagement across • Easy, simple everyday business and personal banking, i.e., Bank FreelyTM • Talented and collaborative sales force, with specialty focus in key • Efficiently offer conforming growth areas mortgage and personal loans Approach • Competitively priced products and services across credit, • Reliable self-service and deposits and investments basic digital functionality

• A fit-for-purpose branch network • We will not be everything to everyone

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 10 #9-12 CPIs Global Corporate & Investment Banking-US Strategy and Initiatives

Accelerate Pivot Drive accretive asset Increase relevancy to Strategy Lead with clients from mature IG to growth at MUB FI Clients Leveraged Finance

Large Cap Mid-Corporate, Target Private Equity Alternative Institutional Investment incl. Sponsor- Segments Sponsors Asset Managers Investors Grade owned

• Balance Sheet Optimization • Up and Left Leverage • Drive Originate to Distribute • Working Capital Solutions Capital Markets Strategy • Asset-Based Lending / • Build Leverage Finance • Selective Mid-Corporate Expansion Distressed Debt Sales & Trading – Loans/ Bonds • Global Subsidiary Banking • Working Capital for Sponsor Owned Companies • Structured Secured Asset Initiatives • Defend Top 10 IG Capital Financing Markets • Leasing Transformation and Growth • Financing Solutions: ABS/ • Increase share of wallet of CLO/Esoteric FX / Rates • Trade Receivable Expansion • ESG (renewables, debt fund • Align FX strategy to support alternatives, sell to Japan) Global Top 15 aspiration • Unlocking Japan – Rates and IG Credit

Clients are the foundation of MUFG Global Corporate & Investment Banking and MUSA strategy. Mission We lead by being a trusted advisor, provide access to Capital Markets, and flawless execution Statement across our product offering. It is our culture to be inclusive and ensure our teams deliver through a one MUFG mindset.

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 11 #3 CPI Transformation Program Alignment with Technology Strategy

Operation & Technology strategy will create the solid foundation MUB needs to transform and Strategy grow its business in a hyper-competitive marketplace.

Replace Legacy st Risk Weighted Initiatives & End of Life Data-as-a-Service 21 Century Run the Bank Platforms Strategy Infrastructure Management

• Address End-of-Life • Establish and • Enable 'Fit for • Instill customer- • Mature First Line backlog and enable maintain an growth' Ops & Tech first culture processes, risk and move to cloud, ex. enterprise-wide controls to reduce risk Core Banking & data strategy and • Operate securely • Empower and meet regulatory Enterprise Data common data in the cloud employees requirements Platforms governance standards • Drive reduction in • Fill capability • Ensure robust, • Decrease risk of operating costs gaps with effective issue non- compliance, • Drive prioritization strategic hires management and reduce cost of of data consumption • Increase speed-to- compliance requirements market • Improve business • Build an processes and make innovative, • Deliver prerequisite • Set priorities for • Ensure innovation the industry- Approach for improved building common security and cultural norm standard customer data infrastructure compliance security program experience/reduced services • Improve technology attrition • Focus on operations • Address application • Make data automation and End-of-Life risk • Leverage Integrated available to development, • Drive rapid evolution holistically regulatory support decision security and by identifying and compliance making operations to drive eliminating • Implement processes safety and bottlenecks that fix the problem • Increase proportion soundness & “at the left” of open platform efficiency applications

TRANSFORMATION ALIGNMENT

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 12 #2 CPI Rewiring MUFG

To effectively compete and meet our clients' needs, we are pursuing a multi-year effort to reduce our cost base and drive continuous improvement. We are targeting a range of $250-$300 million Strategy in benefits for the first phase of the Rewiring Program by 20231, some of which will be offset by reinvestment in technology, regulatory compliance and growth initiatives.

a b c d Process Workforce Structural Simplification Geographic Organization Design Procurement Initiatives & Better Ways of Distribution Working

1. Increase workforce 1. Optimize span of 1. Consolidate office 1. Simplify our in target on-shore control and space operations and metros organizational 2. Reduce spend on automate manual 2. Increase activities design consultants, travel, processes offshore that can be 2. Combine centers of and other third-party 2. Enhance Approach performed efficiently excellence to drive spend infrastructure and safely by third- scale 3. Rationalize number automation and party centers of of suppliers and technology delivery excellence drive more favorable pricing terms

Effort launched at the end of 2018 to drive value to the bottom line with implementation and rigorous Value tracking; accompanied by change management to sustain lower cost base over time; objective is to close cost gap to US peers.

1. Not including any potential reductions in expenses and associated fees transfer-priced to MUFG U.S. branches that may also result from the program

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 13 #2 CPI Rewiring MUFG - Wins

Through more effective and efficient organizational design, adopting better ways of working, redistributing workforce, rationalizing number of suppliers and better rates => we simplify our operating model, speed up delivery/decision making (e.g. fewer layers) and drive “sustainable” savings

a Workforce Geographic b Organization Design Distribution

• Consolidate Quality Engineering • Integrate RB Ops to Integrated Services vendors to a single offshore vendor for the Americas Ops • Consolidate Production Support • Integrate Global Trust Services (TB) vendors and move offshore • Integrate Bank & Branch Treasury • Operations location strategy (offshore • Reorganized Chief Efficiency & and onshore site optimization) Development office • Migration to Phoenix • Offshoring

c Procurement (Rate Card)

• Standardize Offshore Delivery Center d rate card Process Simplification & Better • Reduce unit price of travel Ways of Working • Renegotiate rate card and volume • End to End Credit Simplification rebate for Big 4 firms • Capability Center • Infrastructure Automation Procurement (Suppliers) • Reg. & Risk Report Automation (tracked separately though Transformation) • Rationalize management reporting in • Consolidate office space Treasury (demand management) • Contingent labor direct sourcing • Contingent labor supplier rationalization • Travel Demand pre-COVID

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 14 Expense & Technology Initiative - Wins

#5 CPI Regional Bank Restructuring

▪ Reduced operating costs for PurePoint inclusive of closure of all 22 PurePoint Financial Centers. MUB continues to offer online deposits under the PurePoint brand. ▪ Optimizing the MUB branch network • During mid-2021, MUB will consolidate 41 branches or 12% of the network • MUB will also be converting nearly 50 branches into Universal Branch locations, increasing the total to over 100 by 2021 ▪ Run rate savings expected in FY21

#3 CPI Transformation

▪ Initiated Core Banking & Enterprise Data Platform replacement initiatives ▪ Initial set up of Cloud environment allows for rapid deployment of business capabilities ▪ Completed automated delivery capabilities ▪ Delivered foundation technology to improve data controls ▪ Delivered modern workplace tools to improve employee productivity and collaboration during the pandemic ▪ Met initial cost savings targets for FY’19; full run rate savings expected by 2027

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 15 Financial Summary for MUAH

This section only includes financials and other disclosures for MUAH and excludes MUFG Americas operations outside of MUAH

16 MUAH Key Business Segments

Diversification across segments and products as illustrated through revenue and earnings mix. Key MUAH business segments1 consist of: Regional Global Corporate & Transaction MUFG Securities Bank Investment Banking - U.S. Banking Americas Provides banking products and Delivers the full suite of products and Offers working capital management Engages in capital markets origination services to individual and business services to large and mid-corporate and asset servicing solutions, transactions, domestic and foreign customers in California, Washington, customers based on industry-focused including deposits and treasury debt and equity securities and Oregon through seven major coverage teams, including credit as management, trade finance, and transactions, private placements, business lines: Consumer Banking, well as global treasury management, institutional trust and custody to collateralized financings, and Small Business, Business Banking, capital market solutions and various customers securities borrowing and lending Commercial Banking, Real Estate foreign exchange, interest rate risk transactions Industries, Wealth Markets, and and commodity risk management PurePoint Financial which is a products national online direct bank deposit platform

Twelve Months Ended December 31, 2020 Twelve Months Ended December 31, 2020 $5,982MM Total Revenues by Segment ($MM)3 $961MM Pre-tax, pre-provision income4 ($MM)

$1,532 25.6% $527 $397 $752 12.6% $228

$226 $2,566 $53 3.8% 42.9%

$906 15.1% $(244)

Regional Global Corporate & Transaction MUSA Other² Bank Investment Banking - U.S. Banking Regional Bank Global Corporate & Transaction Banking MUSA Other² Investment Banking 1. Source: Form 10-K for the year ended December 31, 2020 - U.S. 2. "Other" includes the MUFG Fund Services segment, Markets segment, Japanese Corporate Banking segment and Corporate Treasury; additionally, "Other" includes goodwill impairment recorded in the third quarter of 2020 3. Numbers may not add to 100% due to rounding 4. Pre-tax, pre-provision income is total revenue less noninterest expense. Management believes that this is a useful financial measure because it enables investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle MUFG Americas Holdings Corporation Investor Presentation, 4Q20 17 2020 Year-End MUAH Income Statement Results

2020 net income increased by $0.9 billion vs 2019 A.A Total revenue increased primarily due to higher investment banking and syndication fees, net securities gains and fees from affiliates B.B Higher provision for credit losses primarily due to impact of COVID-19

$ in millions (may not total due to rounding) $1,000 149 A 776 (39) $750

B $500 138 447

$250 (577)

$0 2019 Total Noninterest Provision for Income Tax Expense 2020 Adj Net Income¹ Revenue Expense credit losses and Other Adj Net Income¹ For the Years Ended (Dollars in millions) December 31, December 31, Results of operations: 2020 2019 Net interest income $ 3,077 $ 3,093 Noninterest income 2,905 2,705 Total revenue 5,982 5,798 Noninterest expense 5,021 6,215 Pre-tax, pre-provision income2 961 (417) (Reversal of) provision for credit losses 829 252 Income before income taxes and including noncontrolling interests 132 (669) Income tax expense (benefit) (18) 82 Net income including noncontrolling interests 150 (751) Deduct: Net loss (income) from noncontrolling interests 16 17 Net (loss) income attributable to MUAH $ 166 $ (734)

1. Adjusted net income, a non-GAAP financial measure, adjusts noninterest income and noninterest expense for the fees and costs associated with services provided to MUFG Bank, Ltd. branches in the U.S. and goodwill impairment. 2020 adjusted net income is net income ($166 million) minus the net of fees from affiliates ($1,408 million) and costs ($1,319 million) associated with services provided to MUFG Bank, Ltd. branches in the U.S., net of tax ($66 million) plus goodwill impairment, net of tax ($347 million) and equals $447 million. 2019 adjusted net income is net loss ($734 million) minus the net of fees from affiliates ($1,373 million) and costs ($1,295 million) associated with services provided to MUFG Bank, Ltd. branches in the U.S., net of tax ($58 million) plus goodwill impairment, net of tax ($1,568 million) equals $776 million. Management believes adjusting net income for the fees and costs associated with services provided to MUFG Bank, Ltd. branches in the U.S. enhances the comparability of MUAH's net income when compared with other financial institutions. Management believes adjusting noninterest expense for the impact of goodwill impairment enhances comparability between periods.” 2. Pre-tax, pre-provision income is total revenue less noninterest expense. Management believes that this is a useful financial measure because it enables investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle MUFG Americas Holdings Corporation Investor Presentation, 4Q20 18 MUAH Balance Sheet and Profitability Highlights as of Period End

End of period 4Q20 total assets decreased $3.0 billion or 2% vs prior year end A.A Growth of commercial and industrial loans ($4.9 bn) offset by decline in residential mortgage and home equity loans ($9.0 bn) as a result of accelerated mortgage prepayments B.B Increase in assets primarily due to an increase in cash and cash equivalents ($6.8 bn), and increase in trading account assets ($5.7 bn), offset by decline in reverse repo ($6.3 bn), decline in securities ($1.6 bn), and decline in other assets ($0.3 bn) C.C Higher net interest margin (NIM) due to lower earning assets (1.7%) and lower interest expense (60.3%) offset by lower interest income (27.0%) $ in billions $200.0 4.9 0.1 — 175.2 A 170.8 164.0 5.7 0.2 167.8 A (0.7) B (9.0) (1.5) (0.7) (1.6) B (0.4)

$100.0

$0.0

Total C&I Comm. Constr. Lease w/ Resi Other ALLL w/ Securities Trading Goodwill Other Total Assets Mtge. financing Comm. and consumer Consumer Account Assets¹ 12/31/19 Portfolio home Portfolio Assets 12/31/20 equity As of Period End (Dollars in millions) December 31, September 30, December 31, Balance sheet (end of period) 2020 2020 2019 Total assets $ 167,846 $ 164,029 $ 170,810 Total loans held for investment 82,166 84,974 88,213 Total securities 25,570 24,313 27,210 Securities borrowed or purchased under repo 17,608 17,535 23,943 Trading account assets 16,038 12,503 10,377 Total cash and cash equivalents 16,414 15,187 9,641 Performance ratios (YTD) Net interest margin 2,3 2.01 % C 2.02 % 1.99 % Return on average assets 2 0.10 (0.13) (0.43) 1. Numbers in billions and may not add up due to rounding 2. Annualized based on year to date activity 3. Net interest margin is presented on a taxable-equivalent basis using the federal statutory tax rate of 21% for 2019 and 2020 MUFG Americas Holdings Corporation Investor Presentation, 4Q20 19 MUAH Balance Sheet and Profitability Highlights as of Period End

End of period 4Q20 total liabilities decreased $(3.9) billion or (3)% vs prior year end A.A Decrease in liabilities primarily due to declines in short-term debt, commercial paper, long-term debt and time deposits, offset by increase in noninterest bearing deposits as a result of optimization $ in billions $200.0 3.3 176.3 0.7 8.6 177.4 170.8 2.1 168.8 0.1 0.1 0.9 167.8 (1.7) (8.2) A (6.4) $150.0 (2.5) A A A

$100.0

$50.0

$0.0 Total Interest Money w/ int. Savings Time w/ total Noninterest w/ total Sec. ST Debt LTD Trading Other Change Total

Liab+Eq checking market checking int. bearing deposits loaned/sold + CP Debt Acct liabilities in Liab+Eq¹ 12/31/19 + MM bearing deposits under Liabilities equity 12/31/20 dep. repo As of Period End (Dollars in millions) December 31, September 30, December 31, Balance sheet (end of period) 2020 2020 2019 Total deposits 102,426 101,959 95,861 Securities loaned or sold under repo 27,161 23,432 28,866 Long-term debt 14,631 15,150 17,129 Trading account liabilities 3,333 2,806 3,266 MUAH stockholders' equity 17,189 16,846 16,280 Performance ratios (YTD) Return on average MUAH stockholders' equity2 0.99 (1.30) (4.35) Return on average MUAH tangible common equity1,3 3.53 1.12 6.29 Efficiency ratio3 83.93 86.58 107.18 Adjusted efficiency ratio4 73.12 73.98 74.69

1. Numbers may not add up due to rounding 2. Annualized based on year to date activity 3. The efficiency ratio is total noninterest expense as a percentage of total revenue (net interest income and noninterest income) 4. Non-GAAP financial measure in our 10-Q/K for quarter- and year-ended December 31, 2020, September 30, 2020 and December 31, 2019 MUFG Americas Holdings Corporation Investor Presentation, 4Q20 20 Balance Sheet Composition and Trends

Earning Asset Mix1 Loan Portfolio Composition2

Trading Assets & Commercial Mortgage, 19.3% Other, 7.9% Cash and Cash Securities Equivalents, 8.6% Construction, 1.9% Purchased under Lease Financing, 1.1% Repo and Borrowed, 11.5%

Securities, 15.8% Commercial & Industrial, 34.2% Loans, 56.2% Residential Mortgage & Home Equity, 39.0%

Other Consumer, 4.5%

Earning Assets3 ($B) Deposit Growth4 ($B) (1.7)% +6.8% 7 9 12 13 13 11 12

12 12 12

23

21 39 40 40

18 18 18 34 32

27 26 25 24 24

10 7

14 88 88 88 88 86 16 8 7 5 2 5 7 9 9 10 9 10

39 38 38 35 37

4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20

Money Market Savings Loans Interest Checking Time Deposit Securities Non-Interest Bearing Securities Purchased under Repo and Borrowed Trading Assets & Other Cash and Cash Equivalents

1. Average balance for the year ended December 31, 2020. May not total 100% due to rounding 2. Average balance total loans held for investment, including all nonperforming loans for the year ended December 31, 2020. May not total 100% due to rounding 3. Average balance for the year ended December 31, 2020. May not total 100% due to rounding 4. Ending quarterly balances and growth rate may not total due to rounding

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 21 Strong Deposit Base

Retail Deposits Commercial Deposits • Grow and retain core, low-cost deposits while • Align product and platform build-outs to increase PxV optimizing bank-wide funding costs and drive core balance growth

• Drive primacy and quality of deposits through product • Focus on key customer segments, with improved simplification and innovation, analytics, and sales and customer segmentation, data and reporting, pricing delivery model refinements strategies, and enhanced collaboration with Regional Bank partners • Continue to execute on and evolve COVID-19 response to provide Consumer and Small Business deposit relief efforts

Deposit Breakdown ($B)3 Major Deposit Share in Key California Locations1,2

$102.4B Total Deposits Metropolitan Statistical Area (MSA) / State Rank Share (%) Transaction & Money Market San Diego-Chula Vista-Carlsbad, CA 4 14.01 Savings Santa Maria-Santa Barbara, CA 3 13.71 Time Salinas, CA 5 8.37 Noninterest Bearing Los Angeles-Long Beach-Anaheim, CA 4 7.78 Fresno, CA 4 6.86 Oxnard-Thousand Oaks-Ventura, CA 5 5.76 Sacramento-Roseville-Folsom, CA 6 5.07 Riverside-San Bernardino-Ontario, CA 6 3.96 $40.1 $45.2 39% San Francisco-Oakland-Berkeley, CA 7 2.09 44% San Jose-Sunnyvale-Santa Clara, CA 10 1.89

$7.4 $9.7 Overall California 4 5.36

7% 9%

1. Source: SNL Financial as of 6/30/20, “Pro Forma” ownership which captures any known M&A or branch closure activity up to the current date, no deposit cap applied 2. The above balances do not include PurePoint deposits which are primarily placed with customers outside MUB's West Coast markets 3. Period-end total deposits may not total 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 4Q20 22 Asset Quality Trends

Nonaccrual Loans / Total Loans1,2 Net Charge-offs (Recoveries) / Average Loans1,4

1.0% 0.87% 0.83% 1% 0.71% 0.59% 0.54% 0.57% 0.52% 0.61% 0.48% 0.57% 0.79% 0.5% 0.72% 0.70% 0.60% 0.5% 0.45% 0.42% 0.29% 0.24% 0% 0.37% 0.36%

0.0% -0.5% 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20

MUAH Reference Banks' Average³ MUAH Reference Banks' Average³

Criticized Loans5 & ACL / Total Loans Nonperforming Assets by Loan Type ($MM)

ACL % Criticized % Loans Held for Investment $700 1 NPA / Total Assets 1 183 8% $600 $88,213 $89,786 $86,535 2 OREO $84,974 $82,166 206 6% $500 Other 4.80% 191 28 4.43% 4.44% Consumer

4% 2.87% $400 Residential 1 45 1 44 317 Mortgage & 1.78% 1.80% 1.73% 1.63% 1 3 1.40% $300 Home Equity 2% 147 0.73% 137 178 146 Construction $200 222 0% 15 — 182 Commercial 4Q19 1Q20 2Q20 3Q20 4Q20 175 55 176 0.42% $100 16 0.37% 0.36% Mortgage Criticized 103 Loans 1,567 2,579 3,831 3,771 3,944 0.19% 0.20% Commercial &

Total $0 Industrial Allowance for 4Q19 1Q20 2Q20 3Q20 4Q20 Credit Losses 647 1,253 1,561 1,472 1,338

1. Source: SNL Financial and company reports 2. Total Loans for MUAH is based on Total Loans Held for Investment; Total Loans for Reference Banks' Average is based on gross loans which includes loans held for sale 3. Reference banks consist of 12 CCAR-filing public regional banks (CFG, CMA, COF, FITB, HBAN, KEY, MTB, PNC, RF, TFC, USB, ZION) plus the four largest U.S. money center banks (BAC, C, JPM, WFC). Reference Banks’ average based on reporting through March 1, 2020 (Source: SNL Financial) 4. Annualized ratio 5. Criticized loans held for investment reflect loans in the commercial portfolio segment that are monitored for credit quality based on regulatory ratings. Amounts exclude small business loans, which are monitored by business credit score and delinquency status MUFG Americas Holdings Corporation Investor Presentation, 4Q20 23 COVID-19 Loan Modifications

All Consumer and Commercial loan portfolios had a reduction in active COVID-19 loan modifications, which were largely payment deferrals, from 9/30/2020 to 12/31/2020

As of 9/30/2020 As of 12/31/2020

1 % Change in Consumer $ Millions % of Portfolio $ Millions % of Portfolio Balance QoQ

Residential Mortgage $2,258 8% $1,289 5% (43)%

Home Equity $87 5% $51 3% (41)%

Other Consumer $67 2% $46 2% (31)%

Total Consumer Portfolio $2,412 7% $1,386 4% (43)%

As of 9/30/2020 As of 12/31/2020 % Change in Commercial $ Millions % of Portfolio $ Millions % of Portfolio Balance QoQ

C&I $1,242 4% $572 2% (54)%

CRE $632 3% $449 2% (29)%

Total Commercial Portfolio $1,874 4% $1,021 2% (46)%

1. Consumer portfolio tracks active payment deferrals only MUFG Americas Holdings Corporation Investor Presentation, 4Q20 24 Consumer Loan Portfolio

Decreased residential mortgage and home equity portfolio reflects accelerated mortgage prepayments, while consumer portfolio continues to exhibit strong credit quality

Residential Mortgage and Home Equity Portfolio Other Consumer Loans1 Period-end Loan Balances and Net Charge-Offs ($MM) Period-end Loan Balances and Net Charge-offs ($MM)

$4,450 $4,372 $38,018 $36,036 $33,794 $3,854 $31,619 $29,034 $3,374 $2,983

$34 $39 $43 $27 $35 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20 Residential Mortgage and Home Equity

Marketplace Lender Originated Consumer Card Other Net Charge-offs

4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20 Net Charge-Offs $ (1) $ (1) $ (1) $ — $ (1) Other Consumer Loans $ 4,450 $ 4,372 $ 3,854 $ 3,374 $ 2,983 Other 74 71 63 59 57 Consumer Card 291 269 245 229 227 Marketplace Lender Originated 4,085 4,032 3,547 3,085 2,699 Net Charge-offs 34 39 43 27 35 1. Quarterly balances may not total due to rounding MUFG Americas Holdings Corporation Investor Presentation, 4Q20 25 Residential Mortgage and Home Equity Loans

Recent 90+ days past due delinquency rate uptick reflects a large residential mortgage and home equity loan concentration in the Los Angeles county and surrounding areas, where local economies have been slow to recover due to COVID-19 related restrictions 30 to 89 days Past Due 90+ Days Past Due

0.74% 0.8% 0.67% 0.8%

0.51% 0.49% 0.5% 0.42% 0.5%

0.25% 0.21% 0.20% 0.3% 0.3% 0.12% 0.14% 0.08% 0.09% 0.08% 0.08% 0.05% 0.04% 0.04% 0.04% 0.05% 0.04%

0.0% 0.0% 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20

Residential and Home Equity Other Consumer Residential and Home Equity Other Consumer

In response to the pandemic the Bank has offered payment relief options to customers that include the option to select an initial three-month forbearance plan for our mortgage and home equity line of credit clients impacted by the COVID-19 outbreak, and flexible relief programs for our consumer and business credit card clients, including payment deferral, delinquency removal and late fee waivers for our consumer and business deposit product customers.

Residential Mortgage Portfolio as of December 31, 2020: a. 40% interest-only (non-amortizing) i. 63% weighted average LTV1 for the I/O portfolio b. No subprime programs or option ARM loans c. 82% of the consumer portfolio has a refreshed FICO score of 720 and above2 d. 98% has an LTV less than or equal to 80%

1. At origination 2. Excluding loans serviced by third-party service providers MUFG Americas Holdings Corporation Investor Presentation, 4Q20 26 Commercial Loan Portfolio

Commercial loan balance remains stable in 4Q20; net charge-offs continue to illustrate strong credit quality Period-end Loan Balances and Net Charge-offs (Recoveries) ($MM)

$49,981 $50,149 $49,378 $48,886 $45,745

$103 $68 $57 $25 $11

Period 4Q19 1Q20 2Q20 3Q20 4Q20 Total Commercial Portfolio $45,745 $49,378 $48,886 $49,981 $50,149 Lease Financing 1,001 980 1,027 961 1,038 Construction 1,511 1,583 1,712 1,550 1,655 Commercial Mortgage 16,895 16,943 16,683 16,600 16,244 Commercial & Industrial 26,338 29,872 29,464 30,870 31,212 Total Net Charge-offs (Recoveries) $68 $25 $11 $103 $57

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 27 Commercial Real Estate Overview

Largely secured, California-focused commercial real estate-purposed loans1 with strong credit performance

Q4 2020 Property Type Breakdown2 Q4 2020 Geographic Distribution3

Other: 16.1% Los Angeles: 22.1% Multi-Family: 39.0% Unsecured: 9.5% Oregon: 3.2% Texas: 2.5% Secured Washington: 6.7% Other: 16.7% 90.5% California Orange: 9.6% 67% New York: 4.6%

San Diego: 10.6% Office: 12.6% Other (CA): 15.2% Industrial: 11.2% Santa Clara: 4.1% Retail: 11.1% San Francisco: 2.0% Alameda: 3.4%

Commercial Real Estate Statistics4 (Dollars in millions) December 31, 2020 September 30, 2020 December 31, 2019 Commitments $ 23,565 $ 24,017 $ 25,035 Commercial and Industrial 4,321 4,377 4,833 Commercial Mortgage 16,549 16,926 17,173 Construction 2,696 2,715 3,028 Outstandings 19,994 20,301 20,248 Commercial and Industrial 2,101 2,158 1,847 Commercial Mortgage 16,238 16,594 16,891 Construction 1,654 1,549 1,511 Nonperforming Loans 344 307 40

1. Commercial real estate-purposed loans are comprised of commercial mortgage loans, construction loans and C&I loans to borrowers with real estate-exposed businesses; does not include CMBS in the investment or trading portfolios 2. May not add to 100% due to rounding 3. Excludes loans not secured by real estate; subsets of California reported by Metropolitan Statistical Area (MSA); may not add to 100% due to rounding 4. Figures may not add due to rounding

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 28 Materially De-Risked Oil & Gas Portfolio from 2015-2020

Total Exposure Trends Criticized Assets / NCO Trends

2015 vs. 2020 O&G Exposure by Subsectors • Materially de-risked Oil & Gas portfolio from 2015-2020:

• Strategically reduced $4.9 billion (66%) of exposure through loan sales and exits

• Reduction focused in the highest risk sectors • Exploration and Production (E&P) exposure reduced by $4.6 billion (78%)

• $624 million (49%) of the remaining $1.3 billion E&P exposure is Reserve Based Lending

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 29 Strong Liquidity Position and Diverse Funding Mix

1. Under the joint agency Tailoring Rules, Category IV firms (such as MUAH) are required to maintain a liquidity buffer that is sufficient to meet the projected net stress cash-flow need over a 30-day planning horizon under the firm's internal liquidity stress test and subject to monthly tailored liquidity reporting requirements

2. Unpledged securities of $22.9 billion; ability to meet expected obligations for at least 18 months without access to funding

3. Key sources of funding consist primarily of deposits ($102.4 billion), supplemented by wholesale funding ($14.6 billion)

4. Diversified wholesale funding mix, primarily including borrowings from the Federal Home Loan Bank (FHLB) of San Francisco, the parent (Total Loss Absorbing Capacity debt), and unsecured term debt in the capital markets

5. Unused FHLB capacity is $17.7 billion

MUAH Total Funding Profile MUAH Wholesale Funding Profile

$ in billions Other LT Borrowings¹: 0.1% Repos: 18.8% TLAC 6.4 Wholesale Funding: 10.1% FHLB 4.6

Unsecured Term Debt 3.1

CP & Other ST 0.1 Borrowings Deposits: 71.0% Other Wholesale 0.4 Funding

1. Includes non-recourse debt MUFG Americas Holdings Corporation Investor Presentation, 4Q20 30 High Quality Investment Portfolio

Investment Portfolio1 Commentary ($ in billions) $25.8 $24.6 • Agency residential and commercial mortgage-backed securities consist of securities guaranteed by a U.S.

$5.3 government corporation, such as Ginnie Mae, or a government-sponsored agency such as Freddie Mac or $6.2 Fannie Mae

$2.3 • Commercial mortgage-backed securities are $0.5 collateralized by commercial mortgage loans and are $1.7 $0.9 generally subject to prepayment penalties $0.5 $1.4 $0.9 $1.4 • CLOs consist of structured finance products that securitize a diversified pool of loan assets into multiple $4.5 classes of notes $4.4 $0.5 • Other debt securities primarily consist of direct bank

$0.7 purchase bonds, which are not rated by external credit rating agencies $5.9 $5.5 Investment Portfolio Distribution2

$4.5 Non-Agency RMBS: 2.1% $3.3 US Treasury and Govt- Agency: 26.1% Non-Agency CMBS: 17.4%

4Q20 3Q20

CLOs: 5.3% U.S. Agency MBS HTM U.S. Treasury and Govt-Agency HTM Direct Bank Other AFS Direct Bank Purchase Bonds AFS Purchase Bonds: 3.6% CLOs AFS Non-Agency CMBS AFS Other: 2.1% Non-Agency RMBS AFS U.S. Agency MBS AFS U.S. Treasury and Govt-Agency AFS Agency MBS: 43.4%

1. Source: Fair value of securities in MUAH 10-K/Q Filing as of December 31, 2020 and September 30, 2020 respectively 2. Source: MUAH 10-K Filing as of December 31, 2020; may not total 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 4Q20 31 High Quality Securities Financing Portfolio (MUSA)

Securities Financing Maturity Profile • Securities financing activity largely conducted through MUSA 30,000 • Securities financing portfolio is primarily $25,408 collateralized by high quality, liquid assets

20,000 • Approximately 81% is collateralized by $16,270 U.S. Treasuries and Agency MBS and

$ (Millions) 19% is backed by equities, credit and 10,000 $8,202 other

$3,083 $3,158 • Robust risk management framework $1,923 $378 $— 0 governs secured financing profile including O/N and Continuous¹ 2-30 days 31-90 days > 90 days guidelines and limits for tenor gaps, Assets Liabilities counterparty concentration and stressed liquidity outflows Assets2 Liabilities2

9.0% 10.6% 3.0% 3.0% 4.2% 5.2% U.S. Treasury & Government Agencies

Agency MBS 44.0% Corporate Bonds 53.9%

27.3% Other Debt 39.8% Equities

1. Includes continuous maturities which include open trades and term evergreen transactions that are primarily used to fund inventory 2. Total assets and liabilities may not total 100% due to rounding MUFG Americas Holdings Corporation Investor Presentation, 4Q20 32 Interest Rate Risk Management of exposures other than trading

Net Interest Income (NII) Sensitivity ($MM)

Effect on NII % of Base Case NII +100 $124.6 bps $113.1

$82.0 $81.6

4.59% 4.38%

2.90% 2.92% $19.0

0.70%

(2.37)% (2.87)% (2.89)% (2.96)%

12-month horizon 12-month (3.16)%

$(65.6) $(81.3) $(80.9) $(76.4)

Gradual parallel yield curve shift over shift curve yield parallel Gradual $(85.9)

-100 bps 4Q19 1Q20 2Q20 3Q20 4Q20 Effect on NII % of Base Case NII

For additional information regarding estimates and assumptions used in our net interest income sensitivity analysis see “Market Risk Management - Interest Rate Risk Management” in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2020 Form 10-K. MUFG Americas Holdings Corporation Investor Presentation, 4Q20 33 Strong and High Quality Capital Base

MUAH's capital ratios exceed the average of the Reference Banks1 Reference Banks' Average1 MUAH Capital Ratios December 31, September 30, Capital ratios: December 31, 2020 2020 2020 June 30, 2020 March 31, 2020 Regulatory: Common Equity Tier 1 risk-based capital ratio 10.87 % 15.28 % 15.03 % 14.48 % 13.88 % Tier 1 risk-based capital ratio 12.45 15.28 15.03 14.48 13.88 Total risk-based capital ratio 14.81 16.29 16.14 15.65 14.79 Tier 1 leverage ratio 8.77 9.56 9.44 8.94 8.91 Other: Tangible common equity ratio2 7.60 9.38 9.39 8.88 8.84

• MUAH reports its regulatory capital ratios under the standardized approach of the U.S. Basel III Rules. Under the revised Enhanced Prudential Standards (EPS) and joint agency capital Tailoring Rules, MUAH is subject to Category IV requirements

• MUAH’s 4Q20 Common Equity Tier 1 and Tier 1 Capital Ratios increased to 15.28% over the 3Q20 reported 15.03% result; the increase in CET1/Tier 1 was primarily driven by Q420 net income of $166 million

• MUAH is subject to a firm specific 4.4% Standardized Capital Conservation Buffer (CCB) (Stress Capital Buffer); MUAH’s capital distributions would be subject to limitation should its CET1, Tier 1 Capital and/or Total Capital ratios fall respectively below 8.9%, 10.4% and 12.4%

• MUAH is required to submit its next 2021 Annual Capital Plan to the FRB by April 5, 2021 but is not required as a Category IV firm to undergo FRB supervisory stress testing in the 2021 cycle

1. Reference Banks consist of 12 CCAR-filing public regional banks listed on slide 23 plus the four largest U.S. money center banks. Reference Banks’ average based on reporting through March 1, 2021 (Source: SNL Financial) 2. Non-GAAP financial measures. Refer to our separate reconciliation of no-GAAP financial measures in our 10-K and 10-Q for year/quarter ended December 31, 2020, September 30, 2020, June 30, 2020 and March 31, 2020

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 34 Strong Credit Ratings

For the rating agencies, strong capital and conservative asset quality help offset MUAH’s lower profitability and a higher level of wholesale funding relative to peers

Senior Unsecured LT / ST S&P Moody’s1 Fitch2 Reference Banks’ Credit Ratings (2/15/2021) Mitsubishi UFJ A- A1 A- Holding Company Ratings Bank Ratings Financial Group, Inc. Long-term ratings S&P Moody's Fitch S&P Moody's Fitch Parent - P-1 F1 U.S. Bancorp A+ A1 AA- AA- A1 AA-

Wells Fargo & Company BBB+ A2 A+ A+ Aa2 AA- A A1 A- MUFG Bank, Ltd. Bank of America Corp. A- A2 A+ A+ Aa2 AA- OpCo A-1 P-1 F1 JPMorgan Chase & Co. A- A2 AA- A+ Aa2 AA

Truist Financial Corp. A- A3 A+ A A2 A+ MUFG Americas A- A3 A PNC A- A3 A+ A A2 A+ Holdings Corporation A-2 - F1 MUAH A- A3 A A A3 A Intermediate Holding Co. M&T Bank Corp. A- A3 A A A3 A

Citigroup BBB+ A3 A A+ Aa3 A+ A A3 A MUFG Union Bank, N.A. Comerica BBB+ A3 A- A- A3 A- A-1 P-2 F1 OpCo Fifth Third Bancorp BBB+ Baa1 A- A- A3 A-

KeyCorp BBB+ Baa1 A- A- A3 A- MUFG Securities A A Huntington Bancshares BBB+ Baa1 A- A- A3 A- Americas Inc. N/R Capital One Financial A-1 F1 Corp. BBB Baa1 A- BBB+ Baa1 A- Broker Dealer Citizens Financial Group BBB+ NR BBB+ A- Baa1 BBB+

Regions Financial Corp. BBB+ Baa2 BBB+ A- Baa2 BBB+ Deposits LT / ST S&P Moody’s1 Fitch2 Zions Bancorp. - - - BBB+ Baa2 BBB+ Aa3 A+ MUFG Union Bank, N.A. NR OpCo P-1 F1

1. On October 15, 2020, Moody's downgraded MUAH's long-term rating to A3 from A2 and MUB's long and short-term ratings to A3/P-2 from A2/P-1. MUB's long-term deposit rating was downgraded to Aa3 from Aa2 and the short-term deposit rating of P-1 was affirmed. 2. On October 23, 2020, Fitch affirmed MUAH, MUB, and MUSA's long and short-term ratings of A/F1 outlook negative. On September 24, 2020, Fitch revised MUFG and MUFG Bank's outlook to stable from negative.

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 35 Appendix

36 MUFG's Journey in the Americas

We serve our corporate and investment banking clients under the MUFG Corporate and Integration Brand; our consumer, Union Bank, Investment banking of U.S. wealth, and commercial formerly MUFG builds global formed Banking Stephen banking clients under known as network of overseas Operations Cummings is the Union Bank brand; Bank of bases comparable to Union Bank becomes under MUAH/ named and our direct banking California, is major banks of wholly owned MUFG Union CEO for the business under the formed Europe and U.S. subsidiary of MUFG Bank Americas PurePoint brand 1864 1970s 2008 2014 2015 2017 Today

1880 1988 2010 - 2013 2016 2019 2020 MUFG, formerly known MUFG acquires Acquired: Formation MUAH as Intermediate Acquired Intrepid Union Bank will as Yokohama Specie Union Bank • Tamalpais Bancorp (2010) of Regional Holding Company Investment use the FIS Bank, Bank of Tokyo, is ~$600 million assets Bank under Consolidates MUFG U.S. Bankers Modern Banking formed Single Subsidiaries, including Platform to co- • Frontier Bank (2010) Leadership MUFG Securities Americas Acquired Trade develop and co- ~$3 billion assets (Enhanced Prudential Payable Services engineer systems Standards Implementation) (TPS), a leading that will be core to • Pacific Capital Bancorp (2012) supply chain the banking ~$6 billion assets finance platform, transformation from GE Capital program • Smartstreet (2012) ~$1 billion assets Acquired First Union Bank State committed $10 • First Bank (2013) Investments (US) million to launch a ~$550 million assets LLC as Community subsidiary of Recovery • PB Capital (2013) MUFG Fund Program aimed at ~$3.5 billion assets Services, a direct addressing social subsidiary of and racial MUAH injustices

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 37 Leadership Team and Board of Directors

Stephen Cummings Kazuo Koshi Ryoichi Shinke

MEO, REA and MEO of GCIB Business MEO, Group Deputy COO-I MEO, Deputy REA MUFG Group MUFG Deputy Group Head, GCIB Business Group MUFG

MEO, REA, Deputy Chief Executive,GCIB MEO, Deputy COO-I MEO, Deputy REA, with oversight of Canada MUFG Business Unit and CEO for MUAH, GCIB MUFG MUFG Deputy Chief Executive, GCIB Business Unit and Latin America operations Bank Business Unit Bank Bank

MUAH President & CEO MUAH Executive Chairman MUAH Deputy REA /MUB /MUB /MUB

GLOBAL CORPORATE & TRANSACTION BANKING FINANCE LEGAL INVESTMENT BANKING (GCIB)

Kevin Cronin1 Ranjana Clark Johannes Worsoe Michael Coyne Head of Corporate & Investment Banking - Head of Transaction Banking Chief Financial Officer General Counsel Americas

MUFG SECURITIES AMERICAS RISK HUMAN RESOURCES REGIONAL BANK (MUSA)

Greg Seibly William Mansfield Donna Dellosso Amy Ward Head of Regional Banking Regional Head of Global Markets / CEO MUSA Chief Risk Officer Chief Human Resources Officer

JAPANESE CORPORATE CHIEF OF STAFF OPERATIONS & TECHNOLOGY OPERATIONAL EFFECTIVENESS BANKING

Daisuke Bito Masatoshi Komoriya Christopher Higgins Francesca Lindner Head of Japanese Corporate Banking for the Chief of Staff Chief Information & Operations Officer Chief Operational Effectiveness Officer Americas Head of the Transformation Program MUAH/MUB Board Members Independent Board Members Shareholder Appointees • Kazuo Koshi • Roberta (Robin) A. Bienfait 2 • Suneel Kamlani • Stephen Cummings • John R. Elmore • Barbara L. Rambo • Masahiro Kuwahara • Michael D. Fraizer • Toby S. Myerson • Hiroshi Masaki • Ann F. Jaedicke • Dean A. Yoost • Kazuto Uchida

MEO: Managing Executive Officer REA: Regional Executive for the Americas 1. On 2/9/2021, MUFG announced that Kevin Cronin will succeed Stephen Cummings effective 3/31/2021, assuming the same roles across MUFG, MUFG Bank, MUAH/MUB, and on the Board of Directors. 2. Mr. Kamlani serves only on the Board of Directors of MUFG Americas Holdings Corporation MUFG Americas Holdings Corporation Investor Presentation, 4Q20 38 MUFG Americas takes pride in our Achievements in Banking and Serving Our Communities

MUFG Inclusion & Diversity Achievements Strategic Partnerships We support and partner with professional development and community organizations that align with our inclusion and diversity strategy, including:

1. Asian Pacific Islander Scholarship Fund (APIASF) 2. DiversityInc Best Practices 3. Elevate Enterprise Resource Group (ERG), by Spectrum Bloomberg: Gender Human Rights Campaign: DiversityInc. Noteworthy Equality Index, 2017-2020 100% Corporate Equality Company, 2020 Knowledge Index, 2014-2020 4. Equality California Institute 5. Financial Women Association, NY 6. National Latina Business Women Association 7. National Veterans Transition Services 8. Prism International, Inc. - Association of ERGs & Councils Black EOE Journal: Top 25 Women to Watch and Employer, Top LGBT- 25 Most Powerful Women U.S. Veterans Magazine: Best Friendly Employer, and Top 9. United Negro College Fund (UNCF) in Banking, 2011-2019 of the Best, 2017-2020 Financial & Banking Company, 2010-2020 Corporate Social Responsibility for the Americas CRA Rating of Outstanding Philanthropic Commitment to Communities Community Service Action Plan Results $3.0 million $10.0 million $71.9 billion $50.2 billion Commitment to support local Community Recovery Program In financing provided under the 5- In environmental financing and communities affected by commitment aimed at addressing year Community Service Action Plan, investment2 COVID-19 social and racial inequalities in the exceeding the goal of $41 billion2 U.S. $18.0 million 36% $3.6 billion In philanthropic grants and investments1 Reduced our greenhouse gas In lending and investments to The MUFG Union Bank Foundation directed 90% of contributions to strategic focus emissions from our own operations2 support multi-family affordable areas and 86% to benefit low- and moderate-income communities. housing2

1. For the year ended 12/31/2020 2. For the five-year period from 1/1/2016 to 12/31/2020 MUFG Americas Holdings Corporation Investor Presentation, 4Q20 39 MUAH Unsecured Long-Term Debt Outstanding and Maturity Schedule1 As of December 31, 2020

MUFG Americas Holdings Corp. MUFG Union Bank, N.A. Senior Senior External External Amt ($mm) CPN (%) Maturity Date3 Amt ($mm) CPN (%) Maturity Date 400 3.500 Jun-22 300 3-month LIBOR+60 bps Mar-22 400 3.000 Feb-25 1,000 3.150 Apr-22 Issued to MUFG Bank 700 2.100 Dec-22 1,625 3-month LIBOR+99 bps Dec-23 300 3-month LIBOR+71 bps Dec-22 1,765 3-month LIBOR+94 bps Dec-23 €21.7 3-month EURIBOR+76 bps Dec-23 Other MUAH Subsidiaries 775 3-month LIBOR+76 bps Mar-24 Senior 750 3-month LIBOR+79 bps Jun-24 Issued to MUFG Bank / Affiliates 750 3-month LIBOR+82 bps Sep-24 Amt ($mm) CPN (%) Maturity Date 750 3-month LIBOR+84 bps Dec-24 323 Various Jan-21 to Sep-27

Long-Term Debt Redemption Schedule ($B)

$3,500.0

$3,000.0

$2,500.0

$2,000.0

$1,500.0

$1,000.0

$500.0

$0.0 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 1Q25 ... 3Q27

MUB Term Debt MUAH Term Debt Other MUAH Subs²

1. Excludes non-recourse debt, junior subordinated debt, FHLB Loans and capital leases 2. Based on various fixed rate borrowings due between 2021 and 2027 3. Based on contractual maturity MUFG Americas Holdings Corporation Investor Presentation, 4Q20 40 Contacts

Contacts Daniel Weidman Stanley Cecala Managing Director, Corporate Communications Director, Investor Relations (213) 236-4050 (212) 782-5629 daniel.weidman@.com [email protected]

Investor Relations MUFG Americas Holdings Corporation (212) 782-6872 [email protected]

MUFG Americas Holdings Corporation Investor Presentation, 4Q20 41