Chuo Mitsui Trust : Suspension of Listing Process of a Subsidiary of Sumitomo Mitsui Trust Holdings, Inc. and Cancellation of Secondary Offering of the Subsidiary's Shares Held by The Sumitomo Trust and Banking Co., Ltd.

To whom it may concern

December 2, 2011

Sumitomo Mitsui Trust Holdings, Inc. (Securities Code: 8309 TSE, OSE, NSE) The Sumitomo Trust and Banking Co., Ltd.

Suspension of Listing Process of a Subsidiary of Sumitomo Mitsui Trust Holdings, Inc. and Cancellation of Secondary Offering of the Subsidiary's Shares Held by The Sumitomo Trust and Banking Co., Ltd.

On November 16, 2011, Sumitomo Mitsui Trust Holdings, Inc. (President: Kazuo Tanabe; hereinafter "SMTH") and The Sumitomo Trust and Banking Co., Ltd. (Chairman of the Board and President: Hitoshi Tsunekage; hereinafter "STB") announced that with the listing approval by Tokyo Stock Exchange, Inc. (hereinafter "TSE") of common shares of Nikko Asset Management Co., Ltd. (hereinafter "Nikko Asset Management"), which is a consolidated subsidiary of SMTH, a secondary offering of a part of the common shares of Nikko Asset Management held by STB would be made in and outside Japan.

However, considering comprehensively the current stock market and other factors, which result from unexpected changes in the market conditions accompanied by a further escalation of the European sovereign debt crisis, the board of directors of Nikko Asset Management resolved today to cancel the secondary offering of its shares and to request TSE to suspend the listing process, and the board of directors of STB also resolved to cancel the secondary offering of Nikko Asset Management's shares.

End.

For further information, please contact:

IR Office, Sumitomo Mitsui Trust Holdings, Inc. Telephone: +81-3-3286-8354

Facsimile: +81-3-3286-4654

Note: This press release has been prepared for the sole purpose of public announcement relating to the cancellation of secondary offering accompanied by the listing of common shares of Nikko Asset Management Co., Ltd. held by The Sumitomo Trust and Banking Co., Ltd., and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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