SONY FINA : Sony Bank Acquires Shares of SmartLink Network, Inc. to Make its Subsidiary (Summary)

July 1, 2011

Sony Bank Inc., a wholly-owned subsidiary of Sony Financial Holdings, today announced that it acquired all shares of SmartLink Network, Inc. held by Sony Corporation's wholly owned subsidiary, Sony Finance International, Inc., amounting to 57.0% held of total shares outstanding, and made SmartLink Network to be a subsidiary of Sony Bank.

1. Purpose of the Share Acquisition
   SmartLink Network is an industry-leading provider of credit card settlement services to members of its Internet network. The company maintains partnership relations with several major credit card issuers, which are also shareholders of SmartLink Network. Sony Bank intends to leverage technologies and business network owned by SmartLink Network that is backed by well-established operation and financial ground towards service expansion of the credit card business that Sony Bank launched in full-scale manner in May 2011.
   Sony Bank also expects the settlement business centered for fast growing electronic commerce field to be another pillar of its revenue stream.

2. Overview of SmartLink Network

   Corporate Name	SmartLink Network, Inc.
   Head Office	1-1, Minami Aoyama 1-chome, Minato-ku, Tokyo, Japan
   Representative's name and title	Yuichi Suganuma, President, Representative Director
   Business	Credit card settlement business involving transactions that are not conducted face-to-face, other general business involving settlement services
   Common Stock	¥488.75 million
   Established	September 1, 2006
   Major shareholders	Sony Bank Inc. JCB Co., Ltd. Japan Card Network Co., Ltd. Sumitomo Mitsui Card Co., Ltd. Aeon Credit Service Co., Ltd.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on July 1, 2011. The summary was prepared by Sony Financial Holdings Inc. solely for convenience of non-Japanese readers.