Dissolution of Subsidiary

RNS Number:7383H
Mizuho Holdings Inc
20 February 2003


                                                          February 20, 2003
                                    Company Name   :      Mizuho Holdings, Inc.
                                    Representative :      Terunobu Maeda
                                    Head Office    :      6-1 Marunouchi 1-chome,
                                                          Chiyoda-ku, Tokyo, 
                                                          Japan
                                    Code Number    :      8305

                           Dissolution of Subsidiary

Mizuho Holdings, Inc. has announced that its wholly-owned subsidiary, Mizuho 
Corporate Bank, Ltd. ("MHCB"), has decided to dissolve IBJ Data Service 
Incorporated, a subsidiary of MHCB, as follows.

1. The Subsidiary to be Dissolved

Corporate Name   : IBJ Data Service Incorporated
Location         : 2-8 Kanda-Ogawa-Cho 2-chome, Chiyoda-ku, Tokyo, Japan
Representative   : Mutsumi Watanabe


2. Reason for Dissolution

The company will go into dissolution as part of rationalization of 
Mizuho Financial Group.
 
3. Outline of the Subsidiary

Business                       :  Research 
Date of Establishment          :  March 1971 
Capital Stock                  :  JPY 10 million 
Number of Stock Issued         :  20 thousand Stocks  
Total Assets (February 2002)   :  JPY 40 million  
Number of Employees (January 2003)10
Shareholders                      MHCB                               5%
                                  Seiwa Building Co., Ltd.          30%
                                  Japan Management Systems Inc.     20%
                                  The Kyoritsu Co., Ltd.            45%  
Performance                    :  Ordinary Profit         JPY 9 million 
(Fiscal Year Ended in February 2002)   Net Profit         JPY 6 million


4. Scheduled Date of Dissolution : By September 2003
 
 
5. This decision will have no material effect on the profit and loss for this 
   fiscal year of Mizuho Holdings, Inc. (consolidated or non-consolidated).
 
Please direct any inquiries to:
Mizuho Holdings, Inc          Public Relations         81-3-5224-2026
Mizuho Corporate Bank, Ltd.   Corporate Planning       81-3-5252-6574
 





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