To whom it may concern

Company Name

Representative

August 24, 2021

Resona Holdings, Inc.

Director, President and Representative

Executive Officer Masahiro Minami

(Code 8308 1st section of Tokyo Stock Exchange)

Notice Regarding a Strategic Alliance with The Keiyo Bank, Ltd.

Resona Holdings, Inc. (President: Masahiro Minami; hereinafter "Resona HD") hereby

announces that it has signed an agreement with The Keiyo Bank, Ltd. (President: Toshiyuki Kumagai; hereinafter "Keiyo Bank") with regard to a strategic alliance (hereinafter the "Alliance") between the two companies.

1. Background and Objectives of the Alliance

Striving to realize "Retail No. 1," Resona HD is pursuing digital transformation (DX), rallying the entire Resona Group to integrate face-to-face and digital channels, restructure its business processes and otherwise align its modes of operation with the evolving needs of customers in light of changes in their day-to-day financial behavior. In order to contribute to the creation of a sustainable society, Resona HD is also flexibly seeking to form alliances free of capital relationships or system integration. By doing so, we are endeavoring to develop a co-creation platform that will allow us to establish "win-win" relationships between the Resona Group and its external partners, including those from different sectors as well as regional financial institutions.

Under these circumstances, Resona HD has signed a business alliance agreement with Keiyo Bank. Both companies possess solid operating foundations in the Tokyo metropolitan area, and the Alliance is intended to bring together their strengths in the retail business through the sharing of intelligence and know-how mainly in the digital fields. We expect that the Alliance will better position Resona HD and Keiyo Bank to meet the expectations of local customers and achieve sustainable growth.

Looking ahead, Resona HD and Keiyo Bank will deliver optimal solutions via a variety of financial services as independent financial institutions. We will strive to provide further convenience to local customers and help them improve productivity while securing greater corporate value for both companies.

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2. Details of the Alliance

Alliance Field

Initiatives

Strengthening of non-face-to-face businesses via the use of banking

Digital

apps, joint engagement in digital marketing, data analysis, data-driven

businesses and operational streamlining, etc.

Provision of inheritance, business succession, M&A, syndicated loan,

Solutions

business matching, real estate utilization and other solutions for

corporate and individual customers

Human resource

Jointly organizing rank-based training sessions and various seminars,

human resource exchange involving both companies' headquarters

development

employees, etc.

3. Overview of Our Alliance Partner

Company name

The Keiyo Bank, Ltd.

Location

11-11, Fujimi 1-chome,Chuo-ku, Chiba City, Chiba Prefecture,

Japan

Name and title of

Toshiyuki Kumagai, Director and President

representative

Capital stock

49,759 million yen

Establishment

March 31, 1943

Consolidated business performance and financial position in the most recent three fiscalyears

(Millions of yen)

Years ended March 31

2019

2020

2021

Net assets

294,855

282,306

298,051

Total assets

4,895,368

4,994,723

5,553,028

Ordinary income

67,465

68,081

62,957

Ordinary profit

15,670

8,182

11,987

Net income attributable

10,547

5,564

7,383

to owners of parent

  1. Date of the Signing of the Alliance Agreement August 24, 2021 (Tuesday)
  2. Outlook

Although we believe that the immediate impact of the Alliance on our consolidated operating results will be insignificant, we will promptly make an announcement if the Alliance is found to possibly exert a material impact on our business performance.

End

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Resona Holdings Inc. published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 07:33:06 UTC.