Mitsubishi UFJ Financial : MUFG to Establish MUFG AI Studio

Mitsubishi UFJ Financial Group, Inc. Japan Digital Design, Inc.

MUFG to Establish MUFG AI Studio

TOKYO, April 27, 2018 --- MUFG today announced that it has decided to establish MUFG AI Studio ("M-AIS"), a new initiative within its subsidiary Japan Digital Design, Inc. ("JDD") with the objective of researching and developing proprietary AI models for use by MUFG Group.

1. The Objective of M-AIS

With AI moving from the research and development phase into practical use, cloud technology expands the volume of available data and processing continues to get faster. Hitherto, MUFG has been developing AI services while maintaining the individual resources (data and development environment) within each group company and department. M-AIS will concentrate these assets, combining them with resources from outside MUFG Group, to accelerate the research and development of AI models.

2. Overview of M-AIS

Established as part of JDD, which has adopted a flexible working style within MUFG Group, M-AIS will utilize both internal and external human resources who are not bound by current financial industry styles of working and ways of thinking for the development and analysis of AI models.

M-AIS will create a robust and flexible analysis environment in dedicated space for AI model development and on cloud computing services provided by Amazon Web Services Japan K.K. (AWS), a research space that permits trial and error of various approaches in the constantly advancing field of AI research.

M-AIS will also pursue initiatives in cutting-edge technology through joint research with external research institutions such as the University of Tokyo and collaboration with domestic and overseas AI venture companies, and consider presenting at international academic conferences, with the ultimate goal of offering AI-based solutions to improve financial services and help solve social issues.

[Details of M-AIS Initiatives]

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,000 offices in more than 50 countries. The Group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.

For more information, visithttps://www.mufg.jp/english.

On April 1, 2018 the name of MUFG's commercial bank changed from "The Bank of Tokyo-Mitsubishi UFJ, Ltd." to "MUFG Bank, Ltd." Many of the bank's overseas subsidiaries followed suit on the same day, but branches and subsidiaries in some countries will carry out the name change at a later date. MUFG's New York Stock Exchange ticker symbol has also changed to "MUFG."

For more information regarding overseas subsidiaries, visithttp://www.bk.mufg.jp/global/newsroom/announcements/pdf/201803_namechange.pdf