UnionBanCal Corporation Announces 11 Percent Increase in Quarterly Cash Dividend

  
    
  
  
    
      UnionBanCal Corporation (NYSE:UB) announced today an 11 percent increase 
      in its quarterly common stock dividend. For the second quarter of 2007, 
      the cash dividend will be 52 cents per common share, up from 47 cents 
      per share. The dividend will be paid on July 6, 2007, to shareholders of 
      record as of June 4, 2007. UnionBanCal Corporation has approximately 138 
      million shares of common stock outstanding.
    
    
      “We are very pleased to increase our common 
      stock dividend by more than 10 percent for the sixth consecutive year,” 
      stated Masaaki Tanaka, President and Chief Executive Officer. “This 
      action reflects our strong capital position and our confidence in the 
      future of UnionBanCal Corporation.”
    
    
      Based in San Francisco, UnionBanCal Corporation is a bank holding 
      company with assets of $54.6 billion at March 31, 2007. Its primary 
      subsidiary, Union Bank of California, N.A., had 321 banking offices in 
      California, Oregon and Washington and 2 international offices at March 
      31, 2007.