The Bank of Tokyo-Mitsubishi UFJ, Ltd. Announces Notice Regarding the Americas Business Integration of The Bank of Tokyo

  The Bank of Tokyo-Mitsubishi UFJ, Ltd. Announces Notice Regarding the
  Americas Business Integration of The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
  Change of the Legal Names of Consolidated Subsidiaries

Business Wire

TOKYO -- February 28, 2014

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a subsidiary of Mitsubishi UFJ
Financial Group, Inc. (MUFG) hereby announces that, subject to required
regulatory permission and approval, BTMU will rename its U.S. financial
holding company subsidiary, UnionBanCal Corporation, and its wholly-owned U.S.
national bank, Union Bank, N.A., as “MUFG Americas Holdings Corporation” and
“MUFG Union Bank, N.A.,” respectively, and operate its Americas banking
operations through an integration of all BTMU’s U.S. employees into MUFG Union
Bank, N.A.

1. Outline of the business integration

(1)  BTMU’s Americas banking operation will be integrated as follows and
      operated under a single management structure on July 1, 2014.
      The U.S. financial holding company, UnionBanCal Corporation, will be
      renamed “MUFG Americas Holdings Corporation,” and it will supervise
(2)   BTMU’s Americas banking operation which consists of Union Bank, N.A.,
      BTMU branches in the U.S. and BTMU branches and subsidiaries in Latin
      America and Canada.
      Union Bank, N.A., a wholly-owned bank subsidiary of UnionBanCal
(3)   Corporation, will be renamed “MUFG Union Bank, N.A.” and all the U.S.
      employees of BTMU and Union Bank, N.A. will be integrated into MUFG
      Union Bank, N.A.
      The corporate headquarters (Principal Executive Office) for MUFG
      Americas Holdings Corporation and MUFG Union Bank, N.A. will be located
(4)   in New York City. However, our current sales organization covering the
      East and West Coasts of the U.S. will be firmly maintained and further
      In order to fully leverage the customer service related benefits of
      operating BTMU branches in the U.S., in addition to MUFG Union Bank,
      N.A., the New York, Chicago, and Los Angeles branches of BTMU will
(5)   remain in full operation. The branches will retain their current
      functions and roles in the foreign exchange and settlement businesses,
      and continue to provide services to Japanese customers. The operation of
      businesses in the Americas which are located outside of the U.S. (in
      Latin America and Canada) will remain unchanged.

2. Background and objectives of the business integration

      As part of the global strategy, BTMU considers it essential to increase
     BTMU’s presence in the U.S. We believe that this business integration
      will be the foundation toward accomplishing our goal of joining the
      ranks of the “Top-Ten” U.S. financial institutions.
      Through this business integration, we aim to deliver the following
(1)   Enhanced services:
      Streamlining duplicate operations between Union Bank, N.A. and BTMU
      Headquarters for the Americas and by concentrating our talents and
      expertise, we aim to enhance our product development and solution
      provision capability and develop an organization able to meet
      diversified customer needs through the provision of comprehensive
      financial services.
(2)   Strengthened U.S. dollar funding capability:
      Leveraging MUFG Union Bank, N.A.’s stable U.S. dollar funding capability
      as a U.S. bank, we aim to respond to customer needs for smooth U.S.
      dollar funding. Improvement of the Americas funding independence for our
      group as a whole will also allow us to reduce foreign currency liquidity
(3)   Advanced governance structure:
      As a result of centralizing our chain of command, strategic planning and
      resource allocation will be performed on an integrated basis, opening
      opportunities to further improve profitability. In addition, the
      strengthening of our internal controls structure will result in an even
      more solid organization, capable of responding to the trend of
      heightened regulatory expectations, both locally and internationally.

3. Change of the legal names of subsidiaries

(1) Outline of the affected subsidiaries
a) Current legal name         UnionBanCal Corporation  Union Bank, N.A.
b) New legal name              MUFG Americas Holdings    MUFG Union Bank, N.A.
                               San Francisco,            San Francisco,
                               California,               California,
c) Location*
                               United States of          United States of
                               America                   America
d) Title/Name of               President & CEO,          President & CEO,
representative director        Masashi Oka               Masashi Oka
e) Business description        Financial holding         Banking
f) Capital stock              136 million dollars      605 million dollars
* Registered head office of the financial holding company and main office of
the bank subsidiary

(2)  Reason for changes
       a)  MUFG Americas Holdings Corporation
             Using “MUFG,” our global master brand, we will clearly identify
             membership in the MUFG Group.
        b)   MUFG Union Bank, N.A.
             The purpose of the trade name change is to appeal to a broader
             range of customers by combining “MUFG,” our global master brand,
             with “Union Bank,” a name widely recognized in the U.S.
             Taking into consideration our current presence and service
             offerings, the “MUFG” brand will be used for corporate banking
             customers, and the “Union Bank” brand for retail and commercial
             banking customers. Regardless of the brand, our commitment to
             growing together with our community as a responsible bank remains
(3)   Planned date for the name changes
        July 1, 2014

4. Outlook

The impact of the business integration and legal name changes on the financial
results of MUFG and BTMU is expected to be negligible.

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