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Announcement of Details Regarding the Establishment of an Employee Stock Ownership Plan (Stock Benefit Trust) for the Employee Shareholding Association

May 12, 2017

Resona Holdings, Inc.

Resona Holdings, Inc. (Resona HD, hereafter, President: Kazuhiro Higashi) announces today the newly establishment of the Employee Stock Ownership Plan (Stock Benefit Trust, the Plan, hereafter) for the Employee Shareholding Association (ESA, hereafter), due to the termination of the former plan in March, 2017, which was initially introduced in April, 2012.

Details including the timing of establishing the trust, trust period, and amount of the share acquisitions are as follows:

1.Outline of the Plan

The Plan was designed with reference to the ESOP scheme widely used in the U.S. and was made to comply with the relevant laws and regulations in Japan to promote the holding of shares by employees. A designated trust account, created as part of the stock benefit trust, is able to acquire the shares collectively, which will then be purchased by the ESA over time. The Plan is expected to not only motivate the group employees to work harder for a higher share price, but to also promote the increase in the number of employees registering in the ESA.

2.Details of the Plan

Trustor Resona Holdings, Inc.

Resona Bank, Ltd


Certain eligible employees participating in the ESA

Expected trust effective date

May 15, 2017

Expected trust period

From May 15, 2017 to May 31, 2022

Exercising of voting rights

The Trustee will exercise the voting rights in accordance with the Trust Administrator, who will reflect the exercising of voting rights according to the guidelines set forth by the ESA.

Type of stock to be acquired

Common Shares of Resona Holdings, Inc

Total amount of stock to be acquired

5,444 million yen

Expected period of stock acquisition

From May 18, 2017 to May 31, 2017

Method of stock acquisition

Common Shares will be acquired from the market

In case that the trust sells off all the shares to the ESA, trust profits will be paid out to the beneficiary, and the trust itself will terminate before the trust period ends.

(Reference Information) Information regarding the trust and stock operations

Trust related operations All trust related operations will be executed by Resona Bank, Ltd, which will serve as a trustee of the Plan.
Stock related operations All purchasing of common shares for the Plan will be executed by Daiwa Securities Co., Ltd. All stock related operations involving the ESA will be executed by Nomura Securities Co., Ltd.
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