Sumitomo Mitsui Financial : Notice Regarding the Filing of an Annual Report on Form 20-F with the U.S. Securities and Exchange Commission

Sumitomo Mitsui Financial Group, Inc.

Notice Regarding the Filing of an Annual Report on Form 20-F

with the U.S. Securities and Exchange Commission

TOKYO, July 25, 2014 --- Sumitomo Mitsui Financial Group, Inc. ("SMFG", President: Koichi Miyata) hereby announces that, on July 24, 2014 (Eastern Daylight Time), SMFG filed an annual report on Form 20-F with the U.S. Securities and Exchange Commission ("SEC").

A copy of the annual report on Form 20-F can be viewed and obtained at SMFG's website at http://www.smfg.co.jp/english/investor/financial/annual.html or on EDGAR, the SEC's Electronic Data Gathering, Analysis, and Retrieval system. Holders of SMFG's American Depositary Receipts may request a hard copy of SMFG's complete audited financial statements free of charge through SMFG's website.

Attachment:

(Reference 1) Consolidated Financial Statements (IFRS) (Reference 2) Reconciliation with Japanese GAAP

This document contains a summary of SMFG's consolidated financial information under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board that was disclosed in its annual report on Form 20-F filed with the U.S. Securities and Exchange Commission on July 24, 2014. This document does not contain all of the information in the Form 20-F that may be important to you. You should read the entire Form

20-F carefully to obtain a comprehensive understanding of SMFG's business and financial data under IFRS and related issues.

This document contains "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of

1995), regarding the intent, belief or current expectations of SMFG and its management with respect to SMFG's future financial condition and results of operations. In many cases but not all, these statements contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "probability," "risk," "project," "should," "seek," "target," "will" and similar expressions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those expressed in or implied by such forward-looking statements contained or deemed to be contained herein. The risks and uncertainties which may affect future performance include: deterioration of Japanese and global economic conditions and financial markets; declines in the value of SMFG's securities portfolio; SMFG's ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; exposure to new risks as SMFG expands the scope of its business; and incurrence of significant credit-related costs. Given these and other risks and uncertainties, you should not place undue reliance on forward-looking statements, which speak only as of the date of this document. SMFG undertakes no obligation to update or revise any forward-looking statements. Please refer to SMFG's most recent disclosure documents such as its annual report or registration statement on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as its earnings press releases, for a more detailed description of the risks and uncertainties that may affect its financial conditions, its operating results, and investors' decisions.

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At March 31,

(In millions) At March 31,

2013 2014 Assets:

Cash and deposits with banks ¥ 11,804,786 ¥ 33,208,724
Call loans and bills bought 1,353,866 1,248,235
Reverse repurchase agreements and cash collateral on securities
borrowed 3,927,126 4,303,121
Trading assets 3,481,619 3,557,545
Derivative financial instruments 6,851,729 4,891,382
Financial assets at fair value through profit or loss 2,045,046 1,840,255
Investment securities 36,252,599 22,052,998
Loans and advances 75,987,057 81,244,982
Investments in associates and joint ventures 260,495 383,590
Property, plant and equipment 1,757,994 2,078,927
Intangible assets 903,264 955,746
Other assets 2,596,555 2,641,740
Current tax assets 51,449 62,783

Deferred tax assets 481,028 145,627

Total assets ¥ 147,754,613 ¥ 158,615,655
Liabilities:
Deposits ¥ 101,021,413 ¥ 108,370,494
Call money and bills sold 2,954,052 4,112,429
Repurchase agreements and cash collateral on securities lent 6,510,627 7,041,075
Trading liabilities 1,910,886 1,865,243
Derivative financial instruments 6,936,356 4,980,991
Borrowings 6,475,543 8,463,363
Debt securities in issue 7,950,020 8,769,094
Provisions 279,131 225,473
Other liabilities 4,839,628 5,125,490
Current tax liabilities 206,977 94,585

Deferred tax liabilities 107,262 149,251

Total liabilities 139,191,895 149,197,488
Equity:
Capital stock 2,337,896 2,337,896
Capital surplus 862,305 862,518
Retained earnings 2,518,121 3,114,716
Other reserves 971,170 1,546,826

Treasury stock (227,373) (175,115) Equity attributable to shareholders of Sumitomo Mitsui Financial
Group, Inc. 6,462,119 7,686,841

Non-controlling interests 2,100,599 1,731,326

Total equity 8,562,718 9,418,167

Total equity and liabilities ¥ 147,754,613 ¥ 158,615,655

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(In millions, except per share data) For the fiscal year ended March 31,
2013 2014

Interest income ¥ 1,725,723 ¥ 1,714,044
Interest expense 321,570 320,511 Net interest income 1,404,153 1,393,533

Net trading income 105,302 135,218
Net income from financial assets at fair value
through profit or loss
15,794 58,586
Net investment income 223,404 332,265
Other income 324,403 429,541 Total operating income 2,894,687 3,224,353
Impairment charges (reversals) on financial assets 270,145 (14,275)
Net operating income 2,624,542 3,238,628
General and administrative expenses 1,447,171 1,523,008
Other expenses 288,247 428,893 Operating expenses 1,735,418 1,951,901
Share of post-tax profit of associates and joint ventures 19,593 19,454
Profit before tax 908,717 1,306,181
Income tax expense 255,157 413,997

Net profit ¥ 653,560 ¥ 892,184

Profit attributable to:
Shareholders of Sumitomo Mitsui Financial Group, Inc. ¥ 535,809 ¥ 766,367
Non-controlling interests 117,751 125,817
Earnings per share:

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(In millions) For the fiscal year ended March 31,
2013 2014

Net profit ¥ 653,560 ¥ 892,184
Other comprehensive income:
Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans:
Gains (losses) arising during the period, before tax 31,086 214,242
Share of other comprehensive income (loss) of associates
and joint ventures - (581)

Income tax relating to items that will not be reclassified (12,613) (76,596) Total items that will not be reclassified to profit or loss, net of tax 18,473 137,065
Items that may be reclassified subsequently to profit or loss: Available-for-sale financial assets:
Gains (losses) arising during the period, before tax 816,721 589,766
Reclassification adjustments for (gains) losses included
in net profit, before tax (3,633) (212,001)
Exchange differences on translating the foreign operations:
Gains (losses) arising during the period, before tax 230,764 271,619
Reclassification adjustments for (gains) losses included
in net profit, before tax 4,579 (1,311)
Share of other comprehensive income (loss) of associates
and joint ventures 3,354 (4,710)
Income tax relating to items that may be reclassified (310,928) (151,443) Total items that may be reclassified subsequently
to profit or loss, net of tax 740,857 491,920
Other comprehensive income, net of tax 759,330 628,985
Total comprehensive income ¥ 1,412,890 ¥ 1,521,169
Total comprehensive income attributable to:

Note: Comparative information in the Consolidated Statement of Financial Position, Consolidated Income Statement and

Consolidated Statement of Comprehensive Income presented above has been restated following the implementation of IFRS

10 "Consolidated Financial Statements" and revised IAS 19 "Employee Benefits." For a more detailed explanation, please refer to "Note 2 Summary of Significant Accounting Policies－New and Amended Accounting Standards Adopted by the

SMFG Group" in the annual report on Form 20-F filed on July 24, 2014 (Eastern Daylight Time).

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(In billions)

(*)Includes a net profit of 128.5 billion yen attributable to non-controlling interests.
A brief explanation of adjustments with significant impacts arising from differences in equity and/or net profit between
Japanese GAAP and IFRS is provided below. For a more detailed explanation, please refer to "Item 5. Operating and
Financial Review and Prospects－Reconciliation with Japanese GAAP" in the annual report on Form 20-F filed on July
24, 2014 (Eastern Daylight Time).

• Under IFRS, the SMFG Group consolidates an entity when it "controls" the entity. In general, the SMFG Group considers that it controls an entity when it has the existing rights that give it the current ability to direct the operating and financing policies by owning more than half of the voting power, or by legal or contractual arrangements.
• All types of entities, irrespective of their purpose or legal form, are consolidated under IFRS when the substance of the relationship between the entities and the SMFG Group indicates that the entities are controlled by the SMFG Group. Therefore certain entities such as securitization vehicles which are not consolidated under Japanese
GAAP are consolidated under IFRS.

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• The SMFG Group applies hedge accounting under Japanese GAAP. However, the conditions for hedge accounting under IFRS are not fully the same as those under Japanese GAAP. The SMFG Group does not apply hedge accounting under IFRS and reversed the effects of hedge accounting under Japanese GAAP.

• Japanese GAAP and IFRS require Over-the-Counter ("OTC") derivatives (non-exchange traded derivatives) to be measured at fair value. In principle, there is no significant difference in the definitions of fair value, but in practice there is diversity in the application of valuation techniques used for fair value under Japanese GAAP and IFRS. Therefore, to meet the requirements of fair value under IFRS, adjustments have been made to the fair values under Japanese GAAP to reflect credit risk adjustments for OTC derivatives.

• Under IFRS, available-for-sale financial assets (and financial assets at fair value through profit or loss) should be measured at fair value. The fair value of financial instruments where there is no quoted price in an active market is determined by using valuation techniques.
• In addition, the fair values of certain financial instruments under Japanese GAAP have been adjusted in order to meet the requirements of fair value under IFRS. For example, the SMFG Group uses the last 1-month average of the closing transaction prices for the fair value measurement of available-for-sale financial assets (listed stocks) under Japanese GAAP, whereas closing spot prices are used under IFRS.

• Under IFRS, the SMFG Group assesses whether there is objective evidence that available-for-sale financial assets are impaired. For available-for-sale equity instruments, objective evidence of impairment includes a significant or prolonged decline in the fair value below cost. Additionally, under Japanese GAAP, the SMFG Group reverses impairment losses recognized in a previous interim period, whereas the reversal of the impairment losses on equity instruments is not allowed under IFRS.

• Under Japanese GAAP, the reserve for possible loan losses for specifically identified significant loans is calculated
by using the discounted cash flow ("DCF") method, which is based on the present value of reasonably estimated cash flows discounted at the original contractual interest rate of the loan. Under IFRS, the allowance for loan losses for individually significant impaired loans is calculated by using the DCF method based on the best estimate of cash flows discounted at the original effective interest rate. In addition, the scope of the loans that are subject to the DCF method under IFRS is wider than that under Japanese GAAP.
• Under IFRS, the allowance for loan losses for the remaining loans is collectively calculated by homogeneous group using statistical methods based on the historical loss experience and incorporating the effect of the time value of money. A qualitative analysis based on related economic factors is then performed to reflect the current conditions at the end of the reporting period. Under IFRS, the allowance for the non-impaired loan losses is calculated as incurred but not yet identified losses for the period between the impairment occurring and the loss
being identified, although the allowance under Japanese GAAP is calculated based on the expected losses.

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• Under IFRS, loan origination fees and costs that are incremental and directly attributable to the origination of a loan are deferred and thus, included in the calculation of the effective interest rate.

• Under IFRS, deferred tax assets are recognized to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. For example, deferred tax assets for deductible temporary differences relating to impairment of financial instruments of which the timing of the reversal is difficult to estimate cannot be recognized under Japanese GAAP, whereas they can be recognized under IFRS to
the extent that it is probable that future taxable profit will be available.

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