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August 10, 2005

Mizuho Financial Group, Inc.

Determination of Reset Conversion Price of Tenth Series Class X Preferred Shares

Mizuho Financial Group, Inc. ("MHFG") hereby announces that the reset conversion price for Tenth Series Class X Preferred Shares issued by MHFG has been determined as follows, according to the terms and conditions of the Preferred Shares.

  1. 1.Reset Conversion Price:511,000 yen (Conversion Price before the reset:454,000 yen)
  2. 2.Effective date:September 1, 2005

(Reference) Tenth Series Class X Preferred Shares

Outstanding number (As of August 10, 2005) 140,000 shares
Issue price per share 1,250,000 yen
Total issue price 175,000,000,000 yen

This document entitled "Determination of Reset Conversion Price of Tenth Series Class X Preferred Shares" is prepared in order to announce facts relating to MHFG's Tenth Series Class X Preferred Shares and does not constitute a solicitation of investments or any similar act, in or outside of Japan.

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