For Immediate Release To whom it may concern:

August 2, 2016

Sumitomo Corporation

Kuniharu Nakamura, President and CEO Code No: 8053 Tokyo Stock Exchange (TSE), 1st Section

Contact: Kenji Shinmori, General Manager,

Corporate Communications Dept.

Tel. +81-3-5166-3100

Sumitomo Corporation Announces the Exercise Price of Stock Options

Sumitomo Corporation (the "Company") hereby announces the Exercise Price of new share acquisition rights in the form of stock options to the Company's Directors, Executive Officers and Corporate Officers who qualify under the qualification system of the Company pursuant under Articles 236, 238 and 240 of the Company Law of Japan.

1. Value of the assets to be contributed upon exercise of the new share acquisition rights:

The value of the assets to be contributed upon exercise of the new share acquisition rights shall be determined by multiplying the price paid per share issuable upon the exercise of the new share acquisition rights (hereinafter "Exercise Price") by the number of shares subject to such new share acquisition rights.

The Exercise Price shall be JPY 1,124.

When the Company issues new shares at a price below the market price following the issuance of new share acquisition rights, the Exercise Price shall be adjusted using the following formula, rounding up fractions of less than ¥1 resulting from the adjustment. However, this shall not apply to the issuance of new shares by the Company in cases of the exercise of new share acquisition rights or public offerings at fair value.

Post-adjustment Exercise Price =

number of shares newly issued

x price paid per newly issued share

number of shares already issued +

share price before new issuance

pre-adjustment Exercise Price x

number of shares already issued

+ increase in number of shares resulting from new issuance

Moreover, if the Company implements a stock split or a reverse split following the issuance of new share acquisition rights, the Exercise Price shall be adjusted in proportion to the ratio of the stock split or reverse split, rounding up fractions of less than ¥1 resulting from the adjustment.

In addition to the above, if an adjustment of the Exercise Price is necessary, for example if the Company merges with another company, or merges or absorbs by spin-off another company following the issuance of new share acquisition rights, it shall be appropriately adjusted within reasonable limits.

Sumitomo Corporation published this content on 02 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 August 2016 07:50:07 UTC.

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