Dissolution of Subsidiary

RNS Number:7793C
Mizuho Holdings Inc
22 October 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 Subsidiary

Mizuho Holdings, Inc. has announced that it decided to take necessary steps to
dissolve its subsidiary DKB Investment Management International Ltd., as follows
subject to the appropriate regulatory approval and other procedures.

1. The Subsidiary to be Dissolved

Corporate Name               DKB Investment Management International Ltd.
Location                     Edinburgh One, Ground Floor,
                             Morrison St., Edinburgh, EH3 8BE, United Kingdom
Representative               Kenichi Nakagawa

2. Reason for Dissolution
Because of effective development for reorganization of the investment management
business of Dai-Ichi Kangyo Asset Management Co., Ltd., ("DKA")

3. Outline of the Subsidiary
Business                     Investment Management Business
Date of Establishment        July 1986
Share Capital                GBP 2 million
Numbers of Stocks issued     2 million Stocks
Total Asset (December 2001)  GBP 4,593 thousand
Number of Employees          3
(August 2002)
Shareholders                 DKA                                      51%
                             Mizuho Corporate Bank                    44%
                             Scottish Widows Investment Partnership    5%
Recent Performance           Net Loss after Tax GBP 72 thousand
(Fiscal Year Ended in December 2001)

4. Schedule Date of Dissolution
Closure                      By December 2002
Dissolution                  By March 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)

    Inquires Regarding This Matter: Public Relation Division 03-5224-2026

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

END


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