Mitsubishi Tokyo Financial Group Inc

Mitsubishi Tokyo Financial Group, Inc. (MTFG; President: Shigemitsu Miki)
announced today that The Bank of Tokyo-Mitsubishi, Ltd. (BTM), a consolidated
subsidiary of MTFG, has decided to liquidate Kimitsu Diamond Agency Co., Ltd., a
consolidated subsidiary of BTM.

1. Outline of Kimitsu Diamond Agency Co., Ltd.

(1) Address: 1 Kimitsu, Kimitsu-shi, Chiba-ken, Japan

(2) Managing Director: Sadamu Mizushima

(3) Capital: Japanese yen 10 million

(4) Business: Bank agency

2. Reason for Liquidation

Kimitsu Diamond Agency Co., Ltd. was established as the operating company for
BTM's Kimitsu Agency. As this agency will be closed,it has been decided to
liquidate Kimitsu Diamond Agency Co., Ltd.

3. Timing of liquidation

Liquidation is expected by the end of May 2004.

4. Impact on MTFG's business forecast

This event is not expected to have any material effect on MTFG's previously
announced business forecast for the current fiscal. year.

For further information, please contact:
Seiji Itai, Chief Manager,
Corporate Communications Office, MTFG
Tel.: 81-3240-8136