SMBC in Capital Investment and Business Cooperation with Kotak Mahindra Bank Limited

Mumbai, India - Jul 4, 2010 (PRN): Sumitomo Mitsui Banking Corporation ("SMBC") announced today an agreement to take an ownership interest in, and a Memorandum of Understanding for business cooperation with, Kotak Mahindra Bank, the 4th largest private sector banking and financial services player in India by market capitalization.

Kotak is a financial services conglomerate offering a wide range of financial services including commercial banking, asset management, securities, and investment banking in India and overseas.

SMBC intends to cooperate with Kotak to develop new cross border business opportunities in India, in areas such as asset management, alternate assets, securities and investment banking, subject to regulatory and business considerations.

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