Dissolution of Subsidiary

RNS Number:0973S
Mizuho Holdings Inc
27 February 2002


                            Dissolution of Subsidiary

Mizuho Holdings, Inc. has announced that its wholly-owned subsidiary, The Fuji
Bank, Limited ("Fuji Bank"), decided to dissolve Fuji Bank International Finance
N.V., a Fuji Bank's wholly-owned subsidiary, as follows.


1. The Subsidiary to be Dissolved
 
Corporate name      Fuji Bank International Finance N.V.
Location            6 John B Gorsiraweg, Willemstad, Curacao, Netherlands 
                    Antilles
Representative      Hiroshi Kato



2. Reason for Dissolution

All outstanding bonds are redeemed and no new bond will be issued by the 
company.
 

3. Outline of the Subsidiary

Business                                Issuing Subordinated Bonds
Date of Establishment                   February, 1991
Shareholder's Equity                    US$ 0.2 million 
Number of Stocks issued                 200 
Total Assets (June 2001)                US$410 thousand
Fiscal Year End                         December
Number of Employees (June 2001)         1
Shareholders                            100% owned by The Fuji Bank, Limited 
Recent Performance                      Ordinary Profit - US$ -26 thousand 
(Fiscal Year Ended in June 2001)        Net Profit      - US$ -26 thousand
 

4. Scheduled Date of Dissolution        June, 2002


5. This decision will have no material effect on the previously announced profit
and loss forecast for this fiscal year of Mizuho Holdings, Inc. (consolidated or
non-consolidated).



Inquiries Regarding This Matter: Public Relations Division, Mizuho Holdings Inc.
                                 [phone] 
                                 Corporate Planning Division, 
                                 The Fuji Bank Limited [phone]


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