RNS Number:7882H
Mizuho Holdings Inc
21 February 2003

                                                                February 21,2003

                              Corporate Name:    Mizuho Holdings, Inc. 
                              Representative:    Terunobu Maeda, President & CEO
                              Head office location:      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 
Securities Co., Ltd. ("MHSC"), has decided to take necessary steps to dissolve 
Fuji Alternative Asset Management Company, a consolidated subsidiary of MHSC, 
as follows.

1. The Subsidiary to be Dissolved

   Corporate Name:         Fuji Alternative Asset Management Company 
   Location:               Walker House, Mary Street, P.O.Box 265G, George Town, 
                           Grand Cayman, Cayman Islands, British West Indies 
   Representative:         Shigeto Umatani, Director
                           Bernard G. Jensen, Director


2. Reason for Dissolution:    After reviewing the overseas businesses of MHSC's
                              subsidiaries, MHSC has decided to dissolve the 
                              subsidiary.


3. Outline of the Subsidiary

   Business:                               Asset Management 
   Date of Establishment:                  January, 1998 
   Capital Stock:                          USD 25 million 
   Number of Common Stock Issued:          500,000 
   Total Assets (December 31, 2002):       USD 25 million 
   Number of Executives and Staff:         0 
  (as of December 31, 2002)
   Shareholder:                            Mizuho Securities USA Inc. (100%) 
   Recent Performance :                    Ordinary Profit JPY 0 million 
  (Fiscal Year Ended in Dec, 2002)         Net Profit      JPY 0 million


4. Scheduled Date of Dissolution:          By the end of March 2003


5. This decision will have no material effect on the profit and loss of Mizuho 
   Holdings, Inc. (consolidated or non-consolidated) for this fiscal year.


Please direct any inquiries to:

Mizuho Holdings, Inc.         Public Relations +81-3-5224-2026



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