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December 8, 2004

Mizuho Financial Group, Inc.

Dissolution of Subsidiaries

Mizuho Financial Group, Inc. hereby announces that its wholly-owned subsidiary, Mizuho Corporate Bank, Ltd. ("MHCB"), has decided to dissolve its subsidiaries, K.G. Tochi Tatemono Co. Ltd., and Hanshin Seiwa Tochi Co. Ltd., as follows.

  1. 1. Outline of the subsidiaries to be dissolved and the scheduled date of dissolution

(1)

Corporate Name K.G. Tochi Tatemono Co. Ltd.
Location 1-2-16Yaesu, Chuo-ku, Tokyo, Japan
Representative Satoshi Saito
Business Possession and Management of Real Property
Date of Establishment November 1968
Paid-in Capital JPY 100 million
Number of Stocks Issued 200,000
Total Assets (As of January 2004) JPY 9,311 million
Number of Employees 1
Shareholder Mizuho Corporate, Ltd. (100% Subsidiary of MHCB): 100%
Performance
(Fiscal Year Ended January 2004)
Ordinary Profits: JPY 366million
Net Loss: JPY 2,598 million
Scheduled Date of Dissolution March 2005

(2)

Corporate Name Hanshin Seiwa Tochi Co. Ltd
Location 1-2-16Yaesu, Chuo-ku, Tokyo, Japan
Representative Satoshi Saito
Business Possession and Management of Real Property
Date of Establishment March 1968
Paid-in Capital JPY 100 million
Number of Stocks Issued 200,000
Total Assets (As of December 2003) JPY 10,608 million
Number of Employees 1
Shareholder Mizuho Corporate, Ltd. (100% Subsidiary of MHCB): 100%
Performance
(Fiscal Year Ended December 2003)
Ordinary Profits: JPY 532million
Net Loss: JPY 13,609 million
Scheduled Date of Dissolution March 2005
  1. 2. Reason for Dissolution

The companies are being dissolved as a result of the completion of the sale of their real estate property.

  1. 3. This decision will have no material effect on the profit and loss for this fiscal year of Mizuho Financial Group, Inc. (consolidated or non-consolidated).

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