Announcement Regarding the Approval of Merger between Consolidated Subsidiaries of Resona Holdings, Inc.

March 29, 2019

Resona Holdings, Inc.

Kansai Mirai Financial Group, Inc.("KMFG" hereafter, President:Tetsuya Kan), one of consolidated subsidiaries of Resona Holdings, Inc.("RHD" hereafter), Kansai Urban Banking Corporation("KU" hereafter, President: Kazumasa Hashimoto) and The Kinki Osaka Bank, Ltd. ("KO" hereafter, President: Koji Nakamae), wholly-owned subsidiaries of KMFG, have worked on concrete preparations and discussions toward the merger between KU and KO, subject to the approval and permission of the relevant authorities, as announced in the press release on 27 July, 2018 "Announcement Regarding the Merger Between Consolidated Subsidiaries of Resona Holdings, Inc."

RHD hereby announces that today the application of the merger between KU and KO has been approved (Article 30, paragraph 1 of the Banking Act) and they will start as Kansai Mirai Bank, Ltd. on April 1.

Outline of the New Bank after the Merger

1. Corporate Name	Kansai Mirai Bank, Limited
2. Head Office Address	2-1, Bingomachi 2-Chome, Chuo-ku, Osaka-shi
3. Representative	Tetsuya Kan Representative Director and President
4. Paid-in Capital	JPY 38.9 billion
5. Deposits	JPY7,602.7 billion (Simple sum of KU and KO as of September 30, 2018, before the merger)
6. Loan	JPY6,438.0 billion (Simple sum of KU and KO as of September 30, 2018, before the merger)
7. Number of Employees	4,947 (Simple sum of KU and KO as of September 30, 2018, before the merger)
8. Number of Branches	273 (Simple sum of KU and KO as of September 30, 2018, before the merger)

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