The Bank of Tokyo-Mitsubishi UFJ, Ltd. Announces Execution of Stock Transfer Agreement Concerning Transfer of NBL Co., Ltd.

  The Bank of Tokyo-Mitsubishi UFJ, Ltd. Announces Execution of Stock Transfer
  Agreement Concerning Transfer of NBL Co., Ltd.

Business Wire

TOKYO -- October 29, 2012

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a subsidiary of Mitsubishi UFJ
Financial Group, Inc. (MUFG), and Hitachi Capital Corporation (Hitachi
Capital) agreed that BTMU will transfer^* 12,000,000 shares in NBL Co., Ltd.
(60% of all issued shares) to Hitachi Capital, and the said parties entered
into a stock transfer agreement.

^*The share transfer and payment of the purchase price are scheduled to take
place on April 1, 2013, subject to the approval of the competent authorities.

1. Reason for Stock Transfer
Pursuant to the "Capital Alliance Between Hitachi Capital Corporation and NBL
Co., Ltd." that was announced on July 28, 2011, BTMU transferred 40% of all
issued shares in NBL to Hitachi Capital on October 31, 2011.
Subsequently, as a result of numerous consultations between MUFG and BTMU
concerning growth strategies for NBL going forward, it was concluded that the
partnering with Hitachi Capital, a leading company in the vendor leasing
industry^* with excellent vendor leasing business knowhow and a strong
customer base, would contribute to the long-term growth and development of
NBL.

^*Vendor lease: Lease agreements to be entered into with customers by lease
companies through customer mediation or representative services for office
procedures by dealers who are in alliance relationships with lease companies
via entering into dealership agreements with lease companies or in any other
manners.


2. Overview of Subsidiary
(1)  Name               NBL Co., Ltd.
(2)  Location           New Kawai Building, 4-6 Nihonbashi Honcho 3-chome,
                          Chuo-ku, Tokyo
(3)  Name and Title of  Akio Kakizaki, Representative director and president
      Representative
(4)  Type of Business   General leasing business
(5)  Capital            10,000 million yen
(6)  Date of            November 26, 1977
      Incorporation
                          The Bank of Tokyo-Mitsubishi        50%
                        UFJ, Ltd.                          40%
                          Hitachi Capital Corporation         10%
                          Mitsubishi UFJ NICOS Co., Ltd.
                          *BTMU plans to complete the acquisition of all the
      Major               shares held by Mitsubishi UFJ
(7)   Shareholders and    NICOS by the stock transfer date (which is scheduled
      Shareholdings       to take place on April 1, 2013)
                        and transfer these shares to Hitachi Capital,
                          together with the shares already held by
                          BTMU comprising 50% of all issued shares (comprising
                          in total 60% of all the issued
                          shares).
                          Capital              NBL is a consolidated
                          Relationship          subsidiary of MUFG and BTMU.
                                                Three of NBL's six directors
                                                are current or former
      Relationship        Personnel             employees
(8)   between             Relationship          of BTMU. In addition, five
      MUFG and NBL                              BTMU employees are seconded to
                                                NBL.
                          Transaction           BTMU has conducted financial
                        Relationship         transactions with NBL,
                                                including loans.
(9)   Management results and financial standing of NBL for the last (million
      three years                                                   yen)
                                     Fiscal year      Fiscal        Fiscal
      Fiscal year                   ended           year ended    year ended
                                     March 31,        March 31,     March 31,
                                     2010             2011          2012
      Net Assets                     4,860            5,237         5,849
      Total Assets                   185,713          178,771       190,219
      Net Assets per Share           243.01           261.85        292.45
      (yen)
      Revenue                        55,123           60,475        62,352
      Operating Income               113              1,011         2,982
      Ordinary Income                137              1,012         2,982
      Net Income                     36               376           612
      Net Income per Share           1.81             18.83         30.60
      (yen)
    Dividend per Share (yen)      -               -            -
                                                                    

3. Overview of Transferee
(1)   Name                    Hitachi Capital Corporation
(2)   Location                15-12, Nishi-Shimbashi 2-chome, Minato-ku,
                                Tokyo
(3)   Name and Title of       Kazuya Miura, President and CEO
       Representative
(4)   Type of Business        General leasing business
(5)   Capital                 9,983 million yen
(6)   Date of Incorporation   September 10, 1957
(7)   Net Assets              270,404 million yen (consolidated value as of
                                end of March 2012)
(8)   Total Assets            1,757,241 million yen (consolidated value as
                                of end of March 2012)
(9)   Major Shareholders and  Hitachi, Ltd.    54.78%
       Shareholders
                                                  There is no capital
                                                  relationship between MUFG
                                                  and Hitachi
                                                  Capital that should be
                                                  noted. There is no capital
                                                  relationship
                                Capital           between any persons related
                              Relationship     to MUFG or any affiliates of
       Relationship between                       MUFG, on the one hand, and
(10)   MUFG and Hitachi                           any persons related to
       Capital                                    Hitachi
                                                  Capital or any affiliates of
                                                  Hitachi Capital, on the
                                                  other, that
                                                  should be noted.
                                Personnel         One BTMU employee is
                                Relationship      seconded to Hitachi Capital.
                                Transaction       BTMU has conducted financial
                                Relationship      transactions with Hitachi
                                                  Capital, including loans.
                                                  Hitachi Capital is not a
                                                  related party of MUFG. There
                                Whether Hitachi   are
                            Capital is a     no persons related to
                                Related Party     Hitachi Capital or
                                                  affiliates of Hitachi
                                                  Capital who are also related
                                                  to MUFG.


4. Number of shares to be transferred by BTMU and status of share ownership
prior to and after transfer
                             12,000,000
Number of Shares Owned      (Number of voting rights:                 
Prior to Transfer            12,000,000)
                             (Ownership ratio: 60%)
                             12,000,000
                             (Number of voting rights:
Number of Shares to be       12,000,000)
Transferred                  (Percentage of all issued                 
                             shares: 60%)
                             (Value of transfer: 2,400
                             million yen)
Number of Shares Owned       0
After Transfer              (Number of voting rights: 0)              
                             (Ownership ratio: 0%)
                                                                   

5. Schedule
Execution of Stock Transfer  October 29, 2012
Agreement
Date of Share Transfer       April 1, 2013 (after approval from the competent
(Schedule)                    authorities)
                              

The impact that this matter will have on MUFG's financial results is expected
to be minimal.

Contact:

The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Akira Narumi, +81-3-3240-1111
Chief Manager
Corporate Administration Division
 
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