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November 21, 2005

Mizuho Financial Group, Inc.

Revision of Consolidated Earnings Estimates for Fiscal 2005

Mizuho Financial Group, Inc. ("MHFG") hereby revises upward its Consolidated Earnings Estimates for Fiscal 2005 ending March 31, 2006, as described below, based on the current trend of strong profit performance.

Consolidated Earnings Estimates for Fiscal 2005

(Billions of Yen, %)

  Ordinary Income Ordinary Profits Net Income
Previous Estimates
(May 2005)
3,000.0 860.0 500.0
Revised Estimates 3,400.0 980.0 630.0
  Net Change 400.0 120.0 130.0
Rate of Change 13.3% 14.0% 26.0%
This document is prepared in order to announce specific facts relating to MHFG's revision of Consolidated Earnings Estimates for Fiscal 2005 and does not constitute an offer for sale or a solicitation for investment or other similar activity, in and outside of Japan.

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