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December 26, 2000

The Sakura Bank, Limited has submitted the Financial Reconstruction Commission Report on Status of Performance of the "Plan toward Soundness of Management" related to the span "Plan toward Soundness of Management" submitted to the commission on March 4, 1999. This report explains the Sakura Bank's performance achieved in the 1st half of FY2000 compared to the figure in the Plan.

The contents of the report are.

1. Summary of Business Results for the Term Ended September 30, 2000.
2. Summary of Status of Performance of the Plan toward Soundness of Management
   • Status of Developments for Business Restructuring
   • Status of Developments for Rationalization of Management
   • Status of Developments for Disposal of Nonperforming Loans
   • Status of Developments for Loans to Domestic Customers
   • Status of Developments for Other Items Included in the Plan toward Soundness of Management
3. Summary of the Projected Business Result for the Term Ending March 31, 2001
4. Merger with The Sumitomo Bank, Limited