Dissolution of Subsidiaries

RNS Number:3704B
Mizuho Holdings Inc
19 September 2002


                                 Corporate Name: Mizuho Holdings, Inc.
                                 Representative: Terunobu Maeda
                                 Head office location: 6-1, Marunouchi 1-chome,
                                                       Chiyoda-ku, Tokyo, Japan

                                 Code Number: 8305

                           Dissolution of Subsidiaries

Mizuho Holdings, Inc. has announced that its wholly-owned subsidiary, Mizuho
Corporate Bank, Ltd. ("MHCB), has decided to dissolve (1) Kogin Consulting
(Thailand) Company Limited, (2) SOM Engineering (Thailand) Company Limited,
(3) P.T. Bumi Daya-IBJ Leasing, as follows.

1. Outline of the Subsidiaries to be Dissolved and Schedule Date of Dissolution

(1)


Corporate Name           Kogin Consulting (Thailand) Company Limited
Location                 38 Q. House Convent Building, 7th Floor, Unit 7-A,
                         Convent Road, Silom, Bangrak, Bangkok 10500, Thailand
Representative           Padungsak Laohasurayodhin, President
Business                               Investment and Consulting
Date of Establishment                  October, 1996
Common Stock                           THB 2,000 thousand
Number of Stocks issued                20,000 stocks
Total Asset (March 2002)               THB 5,381 thousand
Number of Employees (April 2002)       1
Shareholders (April 2002)              MHCB                   10.00%
                                       IBJ Leasing            39.00%
                                       Ecstasy Venture        50.98%
                                       Others                 0.02%
Recent Performance                     Ordinary Loss          THB 51 thousand
(Fiscal Year Ended in March 2002)      Net Income             THB 374 thousand
Schedule Date of Dissolution           By June, 2003

(2)

Corporate Name           SOM Engineering (Thailand) Company Limited
Location                 48 TISCO Tower, 17th Floor, North Sathorn Road, Silom
                         Sub-district, Bangrak District, Bangkok Metropolis,
                         10500, Thailand
Directors                Eiji Sasaki
                         Satoshi Sugisaki
Business                               Investment
Date of Establishment                  August, 1999
Common Stock                           THB 2,000 thousand
Number of Stocks issued                20,000 stocks
Total Asset (June 2001)         THB 11,219 thousand
Number of Employees (April 2002)           0
Shareholders(April 2002)   Mizuho Corporate Asia (Hong Kong) Limited*   10.00%
                           Local Lawyer                                 89.95%
                           Others                                        0.05%
                           *Wholly owned subsidiary of MHCB
Recent Performance                     Ordinary Loss        THB   626 thousand
(Fiscal Year Ended in June 2001)       Net Profit           THB 1,169 thousand
Schedule Date of Dissolution           By June, 2003

(3)

Corporate Name             P.T. Bumi Daya-IBJ Leasing
Location                   Plaza Bumi Daya, 16th Fl., J1 Imam Bonjol No.61,
                           Jakarta 10310, Indonesia
Representative             Hiyoshi Kuzaki, President
Business                               Leasing Business
Date of Establishment                  June,1984
Common Stock                           IDR 40,000,000 thousand
Number of Stocks issued                400 stocks
Total Asset (December 200 1)           IDR 74,980,036 thousand
Number of Employees (April 2002)       3
Shareholders (April 2002)              MHCB                                52%
                                       IBJ Leasing                          8%
                                       P.T. Pengelola Investama Mandiri    40%
Recent Performance                     Ordinary Loss    IDR 60,620,536 thousand
(Fiscal Year Ended in December 2001)   Net Loss         IDR 60,620,536 thousand
Schedule Date of Dissolution           By April, 2004

2. Reason for Dissolution   The companies will go into dissolution as part of
                            rationalization of MHCB's operations in Thailand and
                            Indonesia.

3. 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      03 (5224) 2026
Mizuho Corporate Bank, Ltd.           Corporate Planning    03 (5252) 6574

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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