FOR IMMEDIATE RELEASEContact Information:

ORIX Corporation

Corporate Planning Department

Tel: +81-3-3435-3121

Fax: +81-3-3435-3154

URL: http://www.orix.co.jp/grp/en/

Announcement Regarding Issuance of Won Denominated Unsecured Note

July 16, 2014

TOKYO, Japan - July 16, 2014 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that its subsidiary in South Korea, ORIX Capital Korea Corporation, has issued two-year Won denominated unsecured notes in the South Korean market under the conditions indicated below.

Key Terms of the Notes

Issuer: ORIX Capital Korea Corporation (Guarantor: ORIX Corporation) Amount: 10 billion Korean Won (Approximately 1 billion yen)

Coupon rate: 2.741%

Issue price: 100% of face value

Settlement date: July 16, 2014

Maturity date: July 16, 2016

Rating: AA+ (Stable)

Korea Ratings, Korea Investors Service

About ORIX


ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 35 countries and regions across the world. ORIX celebrates its 50 th anniversary in 2014 and moving forward it aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy "Finance + Services." For more details, please visit our website: http://www.orix.co.jp/grp/en/
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2013 - March 31, 2014."

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