Establishment of Mizuho Holdings, Inc.

Today, The Dai-Ichi Kangyo Bank, Ltd. ("DKB," President: Katsuyuki Sugita), The Fuji Bank, Ltd. ("Fuji Bank," President: Yoshiro Yamamoto) and The Industrial Bank of Japan, Ltd. ("IBJ," President: Masao Nishimura) (collectively, the "Three Banks") have established Mizuho Holdings, Inc. by way of stock-for-stock exchange. As a result of this transaction, there have been significant changes in the principal shareholders of the Three Banks, and each of the Three Banks has become a wholly owned subsidiary of Mizuho Holdings, Inc. Subsidiaries of each of the Three Banks will become indirect subsidiaries of Mizuho Holdings, Inc.

Furthermore, on October 1, 2000, the securities subsidiaries of each of the Three Banks, DKB Securities Co., Ltd, Fuji Securities Co., Ltd. and IBJ Securities Co., Ltd. will merge to become Mizuho Securities Co., Ltd. On the same day, The Dai-Ichi Kangyo Fuji Trust & Banking Co., Ltd., a joint trust bank subsidiary of DKB and Fuji Bank, and IBJ Trust Banking Co., Ltd., a trust bank subsidiary of IBJ, will merge to become Mizuho Trust & Banking Co., Ltd.

3 enclosures
For further information, please contact:

Mizuho Holdings, Inc.
Public Relations (Ogawa, Yonezawa, Kubo)
Phone number: 81-3-5224-2026

Outline of Mizuho Holdings, Inc.

(5) Directors	Title	Name	Position concurrently serving in the Three Banks
(1) Company Name	Mizuho Holdings, Inc.
(2) Head Office Location	Marunouchi Center Building, 6-1 Marunouchi, 1-chome, Chiyoda-ku, Tokyo
(3) Capital Stock	JPY 2,572 billion
(4) Business	Management and administration of the Three Banks and other Mizuho Financial Group companies and any incidental business thereof
	Chairman & Co-CEO	Masao Nishimura	President and CEO, IBJ
	Chairman & Co-CEO	Yoshiro Yamamoto	President and CEO, Fuji Bank
	President and Co-CEO	Katsuyuki Sugita	President and CEO, DKB
	Deputy President (Full-time)	Yozo Okumoto
	Deputy President (Full-time)	Toshiyuki Ogura
	Deputy President (Full-time)	Kuniya Sakai
	Deputy President	Tosaku Harada	Deputy President, Fuji Bank
	Deputy President	Kisaburo Ikeda	Deputy President, IBJ
	Deputy President	Toshikuni Nishinohara	Deputy President, DKB
	(Note) Yozo Okumoto, Toshiyuki Ogura and Kuniya Sakai have resigned from their positions as deputy president of IBJ, deputy president of Fuji Bank, and senior managing director of DKB, respectively, and have been appointed full-time deputy presidents of Mizuho Holdings, Inc.
(6) Principal Shareholder and Number of Shares Held	Resolution and Collection Corporation 1,063,000,000 shares (10.29% of outstanding shares)

Changes in Principal Shareholders of the Three Banks

(1) The Dai-Ichi Kangyo Bank, Ltd.

1. Names of Principal Shareholders Affected by the Transaction
Mizuho Holdings, Inc. and Resolution and Collection Corporation
2. Number of Shares Held by Each Principal Shareholder and Its Percentage to the Outstanding Shares, Before and After the Transaction
1. a. Mizuho Holdings, Inc.
  
  Number of Shares Held % of Outstanding Shares
  
  Before None 0.00%
  
  After 3,505,384,804 shares 100.00%
2. b. Resolution and Collection Corporation
  
  Number of Shares Held % of Outstanding Shares
  
  Before 383,000,000 shares 10.92%
  
  After None 0.00%
3. Effective Date
September 29, 2000

	Number of Shares Held	% of Outstanding Shares
Before	None	0.00%
After	3,505,384,804 shares	100.00%

	Number of Shares Held	% of Outstanding Shares
Before	383,000,000 shares	10.92%
After	None	0.00%

(2) The Fuji Bank, Ltd.

1. Names of Principal Shareholders Affected by the Transaction
Mizuho Holdings, Inc. and Resolution and Collection Corporation
2. Number of Shares Held by Each Principal Shareholder and Its Percentage to the Outstanding Shares, Before and After the Transaction
1. a. Mizuho Holdings, Inc.
  
  Number of Shares Held % of Outstanding Shares
  
  Before None 0.00%
  
  After 3,896,303,343 shares 100.00%
2. b. Resolution and Collection Corporation
  
  Number of Shares Held % of Outstanding Shares
  
  Before 400,000,000 10.26%
  
  After None 0.00%
3. Effective Date
September 29, 2000

	Number of Shares Held	% of Outstanding Shares
Before	None	0.00%
After	3,896,303,343 shares	100.00%

	Number of Shares Held	% of Outstanding Shares
Before	400,000,000	10.26%
After	None	0.00%

(3) The Industrial Bank of Japan, Ltd.

1. Name of Principal Shareholder Affected by the Transaction
Mizuho Holdings, Inc.
2. Number of Shares Held by the Principal Shareholder and Its Percentage to the Outstanding Shares, Before and After the Transaction
1. Number of Shares Held % of Outstanding Shares
  
  Before None 0.00%
  
  After 2,919,579,392 shares 100.00%
3. Effective Date
September 29, 2000
(note) As a result of the stock-for-stock exchange, the number of shares held by Resolution and Collection Corporation decreased from 280,000,000 to zero.

	Number of Shares Held	% of Outstanding Shares
Before	None	0.00%
After	2,919,579,392 shares	100.00%

Outline of Mizuho Securities Co., Ltd.

(1) Company Name	Mizuho Securities Co., Ltd.
(2) Head Office Location	5-1 Otemachi, 1-chome, Chiyoda-ku, Tokyo
(3) Capital Stock	JPY 150.2 billion
(4) Principal Directors	Chairman	Takasuke Kaneko
	Vice Chairman	Tomohiro Kamio
	President	Hiroshi Nakamura
(5) Shareholders	The Dai-Ichi Kangyo Bank, Ltd.	1,008,000 shares (33.5%)
	The Fuji Bank, Ltd.	696,000 shares (23.2%)
	The Industrial Bank of Japan, Ltd.	1,300,000 shares (43.3%)

Outline of Mizuho Trust & Banking Co., Ltd.

(1) Company Name	Mizuho Trust & Banking Co., Ltd.
(2) Head Office Location	6-2 Marunouchi, 1-chome, Chiyoda-ku, Tokyo
(3) Capital Stock	115 billion
(4) Principal Directors	Chairman & CEO	Yasuo Noda
	President & CEO	Shoji Yamada
	Deputy President	Hiromichi Tsuda
	Deputy President	Hideo Kitahara
	Deputy President	Toshimitsu Kato
(5) Shareholders	The Dai-Ichi Kangyo Bank, Ltd.	900,000 shares (44.1%)
	The Fuji Bank, Ltd.	900,000 shares (44.1%)
	The Industrial Bank of Japan, Ltd.	240,000 shares (11.8%)

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