Mitsubishi UFJ Financial : Dividends for the Fiscal Year Ended March 31, 2017 and Annual Dividend Forecast for the Fiscal Year Ending March 31, 2018

Mitsubishi UFJ Financial Group, Inc.

MUFG will submit the proposal therefor at the General Meeting of Shareholders to be held on June 29, 2017.

The annual dividend forecast for the fiscal year ending March 31, 2018 is also stated below.

1. Dividends for the Fiscal Year Ended March 31, 2017

2. Description of Dividends

   Determined amount	Most recent dividend forecast (announced on February 3, 2017)	Actual results for previous fiscal year (ended March 31, 2016)
   Record date	March 31, 2017	March 31, 2017	March 31, 2016
   Dividends per share	¥9	¥9	¥9
   Total amount of dividends	¥121,160 million	-	¥124,116 million
   Effective date	June 30, 2017	-	June 29, 2016
   Resource of the dividends	Retained earnings	-	Retained earnings

3. Reasons

   MUFG considers the return of earnings to shareholders to be one of the most important management priorities and makes it a basic policy to aim for a stable and continuous increase in dividends per share through growth in profits. After comprehensive consideration of its business performance and other factors, MUFG decided to pay ¥9 per share as the year-end dividend.

4. Annual Dividend Forecast for the Fiscal Year Ending March 31, 2018

Dividends per share (¥)
Record Date	Interim dividends	Year-end dividends	Annual dividends
Dividend forecast (Fiscal year ending March 31, 2018)	¥9	¥9	¥18

(Reference)

Dividends per share (¥)
Record Date	Interim dividends	Year-end dividends	Annual dividends
Actual result for fiscal year ended March 31, 2017	¥9	¥9*	¥18*
Actual result for fiscal year ended March 31, 2016	¥9	¥9	¥18

* The year-end dividend for the fiscal year ended March 31, 2017 (¥9) is based on the assumption that it will be approved at the General Meeting of Shareholders to be held on June 29, 2017

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This press release contains forward-looking statements regarding estimates, forecasts, etc. in relation to the results of operations, financial conditions and other general management of MUFG and/or the group as a whole (the "forward-looking statements"). The forward-looking statements are made based upon, among other things, MUFG's current estimates, perceptions and evaluations. In addition, in order for MUFG to adopt such estimates, forecasts, etc. regarding future events, certain assumptions have been made. Accordingly, the statements and assumptions are inherently not guarantees of future performance and may result in inaccuracy from an objective point of view and in material differences from actual results. There exist a number of factors that might lead to uncertainties and risks. For the main matters that may be currently forecast, please see the most recent Financial Highlights, the Annual

Securities Report, Disclosure Book, and Annual Report, and other disclosures that MUFG has announced.