Business and Capital Alliance between Yahoo Japan and SMBC Group(1/2)

Sumitomo Mitsui Financial Group, Inc.

Business and Capital Alliance between Yahoo Japan and SMBC Group

TOKYO, June 29, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces that Sumitomo Mitsui Banking Corporation (SMBC) and The Japan Net Bank, Limited, consolidated subsidiaries of SMFG, published the attached press release today.

SMFG’s earnings forecast for the fiscal year ending March 31, 2007 remains unchanged.