Financial Highlights / 16 Data Section Management Structure Review of Operations Message from the Management Directors and Executives Takashi Tsuchiya Yoshikazu Sato Michiyuki Okano Shigeru Oishi Takao Matsuzaki Michimasa Honda Kazuya Fujimoto Yukio Nakamura Norio Funayama Sang-Ho Sohn Sanjeev Gupta Rahul Gupta Dhananjaya Dvivedi Michael Cook Junzo Tomii Masazumi Kato Masamoto Yashiro *Outside Directors John S.Wadsworth,Jr.* Hiroyuki Takahashi* Nobuaki Ogawa* Yasuharu Nagashima* Oki Matsumoto* Minoru Makihara* Shigeru Kani* Yukinori Ito* J. ChristopherFlowers* Rahul Gupta Masamoto Yashiro As ofDecember1,2009 DIRECTORS ANDEXECUTIVES STATUTORY EXECUTIVEOFFICERS(17) COMMITTEE MEMBERSHIPS BOARD OFDIRECTORS(11) NOMINATION COMMITTEE(4) Masamoto Yashiro Oki Matsumoto J. ChristopherFlowers Minoru Makihara(Chairman) Professor, YokohamaCollegeofCommerce Former Director,AdministrationDepartment,TheBankofJapan, Former SeniorExecutiveDirector,TheExport-ImportBankofJapan Chief FinancialOfficer,ShinseiBank,Limited Director, SeniorManagingExecutiveOfficer, President, ChiefExecutiveOfficer,ShinseiBank,Limited Representative StatutoryExecutiveOfficer, Chairman oftheBoard, Statutory ExecutiveOfficer,HeadofAdvisory Sub-Group Statutory ExecutiveOfficer,HeadofTechnologySub-Group Statutory ExecutiveOfficer,HeadofOperationsSub-Group,RetailServices Sub-Group Statutory ExecutiveOfficer,HeadofConsumerFinanceSub-Group Statutory ExecutiveOfficer,GeneralManagerofOsakaBranch Statutory ExecutiveOfficer,HeadofInstitutionalBusinessSub-Group Statutory ExecutiveOfficer,HeadofInstitutionalBusinessSub-Group Managing ExecutiveOfficer,HeadofInstitutionalBusinessSub-Group Managing ExecutiveOfficer,HeadofInstitutionalBusinessSub-Group Senior ManagingExecutiveOfficer,HeadandChiefofInstitutional Group Senior ManagingExecutiveOfficer,HeadofIndividualGroup Senior ManagingExecutiveOfficer,ChiefFinancialOfficer Senior ManagingExecutiveOfficer,GroupChiefInformationHeadofBankingInfrastructure Senior ManagingExecutiveOfficer,HeadofRiskManagementGroup,ChiefOfficer Representative StatutoryExecutiveOfficer,VicePresident Representative StatutoryExecutiveOfficer,VicePresident Representative StatutoryExecutiveOfficer,President,ChiefOfficer Advisory Director,MorganStanley Former Director,JapanCorporateAuditorsAssociation Lawyer Lawyer CEO, MonexGroup,Inc. Senior CorporateAdvisor,MitsubishiCorporation Chairman, J.C.Flowers&Co.LLC AUDIT COMMITTEE(5) Nobuaki Ogawa Yasuharu Nagashima Shigeru Kani Yukinori Ito Hiroyuki Takahashi(Chairman) Norito Ikeda Takashi Imai SENIOR ADVISOR(1) SENIOR ADVISOR(1) Senior Advisor,AozoraBank,Ltd. Senior Advisor,A.T.KearneyK.K. Honorary Chairman,NipponSteelCorporation COMPENSATION COMMITTEE(3) Minoru Makihara J. ChristopherFlowers John S.Wadsworth,Jr.(Chairman) SHINSEI BANK, LIMITEDInterim Report2009 Financial Highlights / Message from the Management Review of Operations Management Structure Data Section

Organization 17 I II III V V V V V 5 * endai, Kanazawa, Nagoya, S ector Finance Division S ector Finance Division S Financial Centers apporo, S Corporate Banking Business Division IX Corporate Banking Business Division I Corporate Banking Business Division Corporate Banking Business Division II Corporate Banking Business Division III Corporate Banking Business Division I Corporate Banking Business Division Corporate Banking Business Division Corporate Banking Business Division Corporate Banking Business Division Institutional Banking Business Division Osaka Corporate Banking Business Division I Osaka Corporate Banking Business Division II Financial Institutions Business Division I Financial Institutions Business Division II Public Osaka Financial Institutions Business and Public ( Hiroshima, Takamatsu and Fukuoka) Hiroshima, Takamatsu Real Estate Finance Division Real Estate Business Division 2 ervice Department) * S ub-Group S ub-Group ub-Group ub-Group S S ub-Group S ervice Department) ub-Group S S S upport Division ervices Division ub-Group S ub-Group upport Division S ervice Division S S S S S OX Program Office ervices Division ub-Group S ub-Group S ervices Division ales and Distribution Division S S S S ub-Group S ub-Group (Insurance Business Management Department) (Retail Compliance Department) (Financial Crime Information Department) (Corporate Customer (Head Office Relocation Preparation Department) (Head Office Relocation Preparation (Fukuoka Call Center) (Expense Control Department) (Basel II Project Management Department) (Transaction Development Department) Development (Transaction (Customer S ervices S olution Advisory Division pecialty Finance Division Commercial Finance Division Alternative Investment Division Capital Markets Division Group Treasury Division Group Treasury Group Corporate Analytic Division Group J- Office of CFO Operations Planning and Administration Division Division Information Technology Technology Operations Operation Centralized Operations Division Portfolio and Risk Management Division Market Risk Management Division Credit Risk Division Individual Pillar Risk Management Division Risk Management Planning and Policy Division Operational Risk Management Division Channel Planning Division Retail Products Division Loan Products Division Retail Business Division Retail Human Resources Development Division Corporate Planning Division Office of Corporate Development Communications Division Group Investor Relations & Corporate Compliance Division Legal Division Credit Assessment Division General Institutional Group Management Division Retail Human Resources Division Channel Management Division Division Retail Technology Group Business Controlling Division Division Group Regulatory Accounting and Tax Group Financial Accounting Division Office of IFR Product Control Division Capital Markets and Treasury Corporate Advisory Division S International Principal Finance Division Private Equity Division Division Credit Trading Real Estate Principal Investment Division S Wealth Management Division Wealth Retail Customer Marketing Division 4 * Control Technology Operations Retail Financial Controlling Treasury and Corporate Treasury Institutional Business Real Estate Finance Advisory Principal Transactions Principal Transactions Consumer Finance Retail Banking 4 * ers m Custo Risk Group Group Group Group Group Finance Banking Individual Institutional Management Infrastructure 1 3 * * 2 ecretary * S enri-Chuo ommittee S C Management Office of Corporate Office of Audit Committee Internal Audit Division r e c utive hief c C Offi Exe hibuya (incl. Omotesando Hills Annex), S Audit ommittee ommittee ommittee d C C C ompensation r Nomination C man r endai, Kanazawa, Omiya, Kashiwa, LaLaport (incl. hai S C ecretary shall act as the secretariat for the Board of S of the Boa apporo, S hinjuku, Roppongi Hills,

S s r akai-Higashi Annex), Kobe, Hiroshima, Takamatsu, Fukuoka akai-Higashi Annex), Kobe, Hiroshima, Takamatsu, to S d of r c

e r Hiroo, Meguro, Futakotamagawa, Hachioji, Machida, Yokohama (incl. Hiroo, Meguro, Futakotamagawa, Hachioji, Machida, Yokohama Kamakura Annex), Fujisawa, Nagoya, Kyoto, Osaka, Umeda (incl. Tsudanuma Annex), Tokyo, Ginza, Ikebukuro (incl. Kawaguchi Annex), Ueno, Annex), Tokyo, Tsudanuma Kichijoji, Annex, Nishinomiya-Kitaguchi Annex and Hankyu-Umeda Annex), Namba (incl. Head of Finance Group for Investor Relations matters. Committee directly. Committee. Directors, Nomination Committee and Management Committee. Boa Di 5 Head Office, 5 Head 4 to Group Investor Relations & Corporate Communications Division shall report 3 Internal Audit Division shall report not only to CEO but also to Audit 2 Human Resources Division shall act as the secretariat for the Compensation 1 Office of Corporate * * * * *

SHINSEI BANK, LIMITED Interim Report 2009

ORGANIZATION 1, 2009 As of December Financial Highlights / 18 Data Section Management Structure Review of Operations Message from the Management Summary of Major Events 2009 2007 2006 2005 2004 2003 2001 2000 SUMMARY OFMAJOREVENTS 2008 January April February March February April May March July June March September June April March January December August July December November July May September June May April June October September February Launched Concluded tenderofferforthesharesofcommonstockSHINKI Co.,Ltd. Reached amutualagreementwithSevenBank,Ltd.tosharesaleschannelsanddevelopproductsservic- Issued GBP-denominatedperpetualsubordinatednotes Commenced resolutionofpublicfunds Changed namefromTheLong-TermCreditBankofJapan,Limited(LTCB),toShinseiBank, Issued JPY-denominatedpreferred securities Completed atenderofferbidfortheBank’scommonsharesandthird-partyallotmentofnew shares oftheBanktoinvestorgroupledbyJ.C.Flowers&Co.LLCandaffiliates es together Achieved twomillionretailaccounts Issued USD-denominatedpreferredsecuritiesandEUR-denominatedsubordinatednotesoutsideJapan Acquired acontrollinginterestinShowaLeasingCo.,Ltd. Listed theBank’scommonsharesonFirstSectionofTokyoStockExchange Commenced operationsofShinseiInvestmentManagementCo.,Ltd. Commenced operationsofShinseiSecuritiesCo.,Ltd. Launched asaninnovativeJapanesebankundernewmanagementandownership Launched Received “BestRetailBankinJapan”awardfrom Partially repurchasedandcancelledUSDPreferredSecurities Issued JPY-denominatedTierIPreferredSecurities Acquired GEConsumerFinanceCo.,Ltd.(Changedcompanyname toShinseiFinancialCo.,Ltd.onApril1,2009) Concluded anOperationalAllianceAgreementwithTowaBank,Ltd. Announced agreementtomerge withAozoraBank,Ltd. Opened firstShinseiConsultingSpots Opened firstjointATMcornerwithSevenBank,Ltd. Launched ShinseiBank Launched Acquired andcancelledSeries2Class-APreferredSharespursuanttoarequestbyshareholder Acquired acontrollinginterestinSHINKICo.,Ltd. Acquired andcancelledSeries3Class-Bpreferredshares Launched new Partially cancelledShinseiBankcommonsharesheldastreasurystock Commenced operationsofShinseiInternationalLimited Acquired acontrollinginterestinAPLUSCo.,Ltd. Converted toaCompanywithCommitteesboardmodel Achieved onemillionretailaccounts Converted theBank’slong-termcreditbankchartertoanordinary Established CorporateBanking Business DivisionIXtopromoteSMEbusiness Shinsei Step Up Program Up Step Shinsei Two Weeks Maturity Deposit Maturity Weeks Two MobileDirect Shinsei Shinsei Platinum Services Platinum Shinsei SmartCard Loan SmartCard mobile bankingservice service The Asian Banker Asian The SHINSEI BANK, LIMITEDInterim Report2009