Further re Consolidation

RNS Number:1685Q
Asahi Bank Ld
18 January 2002

                                                              January 18, 2002
                                                      Daiwa Bank Holdings, Inc. 
                                                           The Asahi Bank, Ltd.

Completion of the Preliminary Screenings by the Financial Services Agency (FSA) 
for Asahi Bank to Become a Wholly Owned Subsidiary of Daiwa Bank Holdings. Inc.

Daiwa Bank Holdings, Inc. (Daiwa Bank HD, hereafter, President: Yasuhisa 
Katsuta) and The Asahi Bank, Ltd. (Asahi Bank, hereafter, President: Yukio 
Yanase) hereby announce that the preliminary screenings by the Financial 
Services Agency (FSA) for Asahi Bank to become a wholly owned subsidiary of 
Daiwa Bank HD were completed today.

Daiwa Bank HD and Asahi Bank will proceed with the necessary procedures 
including general meetings of shareholders, submissions of various applications,
etc towards the completion of the management consolidation scheduled on March 1,
2002.

For inquiry:

      Daiwa Bank Holdings             Corporate Communications Division
                                      Mr. Kodama
                                      Tel:+81-6-6264-5685
      Asahi Bank                      Corporate Communications Department
                                      Mr. Matsui
                                      Tel:+81-3-5223-5078

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