Mitsubishi UFJ Securities Holdings Co., Ltd.

Regarding the Financial Services Agency’sAnnouncement on MUMSSTokyo June 24, 2024 --- Today, the Financial Services Agency issued abusiness improvement order against our group company Mitsubishi UFJ Morgan
Stanley Securities Co., Ltd. under Article 51, paragraph 2 and Article 51 of theFinancial Instruments and Exchange Act.
We sincerely apologize for the inconvenience and concern this is causing ourcustomers and other stakeholders.
Going forward, MUFG Group will redouble efforts to meticulously abide by laws,
regulations and internal controls, and will work hard to regain trust.
- End -Mitsubishi UFJ Financial Group, Inc. (MUFG)
MUFG Bank, Ltd. (MUFG Bank)
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS)

Regarding Administrative Action
by the Financial Services Agency
Tokyo June 24, 2024 --- On June 14, Japan’s Securities and Exchange SurveillanceCommission announced that it had recommended that the Prime Minister and theCommissioner of the Financial Services Agency (“FSA”) take administrative action against
MUFG Bank and MUMSS.
Today, the FSA announced that it has issued business improvement orders to MUFG Bankand MUMSS under Article 51, paragraph 2 and Article 51 of the Financial Instruments andExchange Act, and orders to submit reports to MUFG and MUFG Bank under Article 52,paragraph 31-1 and Article 24, paragraph 1, of the Banking Act.
We sincerely apologize for the inconvenience and concern this is causing our customers
and other stakeholders.
MUFG has been promoting Group collaboration, including between MUFG Bank andMUMSS, to realize customer-centric sales activities that leverage the Group’s collectivestrengths. However, we recognize that our management systems were insufficient for thereality of banking-securities collaborative business at our major subsidiaries MUFG Bankand MUMSS and are deeply aware that this situation was a catalyst for these incidents.
MUFG, MUFG Bank, and MUMSS take this administrative action very seriously, and all
three will further strengthen their frameworks and enact more effective policies for legal
compliance, etc., related to banking-securities collaborative business to prevent
recurrence.
Specifically, as an outline of the measures, we are considering using training and study
sessions to thoroughly disseminate information internally as soon as possible, formulating
and disseminating procedures and rules suited to actual cases and conditions in the shortterm, and will strengthen monitoring systems, including system development, in themedium- to long-term.
MUFG, MUFG Bank, and MUMSS plan to submit business improvement plans andreports related to this issue to the FSA based on these business improvement orders andorders to submit reports, and will make an announcement when they have done so.

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Details of the FSA’s administrative action
1. Regarding the administrative action against MUFG Bank (Article 51, paragraph 2 of
the Financial Instruments and Exchange Act)
Business improvement order(1) In order to ensure sound and appropriate operation of business with respect to thismatter, we shall implement the following.
A. Clarify where responsibility lies, including of management, in light of theseadministrative actions.
B. Promptly develop and steadily implement an effective business improvement plan,
based on an analysis of the fundamental causes of these incidents, including thefollowing points, to prevent recurrence:・ Strengthen internal control systems including management systems, legal
compliance systems related to banking-securities collaboration, and customer
information management systems.
(2) Report the implementation status of A and the business improvement plan in writingby July 24, 2024.
(3) Report the implementation status of B in the immediate future, no later than within
15 days from the end of the quarter.
2. Regarding the administrative action against MUMSS (Article 51 of the Financial
Instruments and Exchange Act)
Business improvement order(1) In order to ensure sound and appropriate operation of business with respect to thismatter, we shall implement the following.
A. Clarify where responsibility lies, including of management, in light of theseadministrative actions.
B. Promptly develop and steadily implement an effective business improvement plan,
based on an analysis of the fundamental causes of these incidents, including thefollowing points, to prevent recurrence:・ Strengthen internal control systems including management systems, legalcompliance systems related to banking-securities collaboration, etc., andcustomer information management systems.
(2) Report the implementation status of A and the business improvement plan in writingby July 24, 2024.
(3) Report the implementation status of B in the immediate future, no later than within
15 days from the end of the quarter.
3. Regarding the order to MUFG to submit report (Article 52, paragraph 31-1 of theBanking Act)
Order to submit report(1) In order to ensure sound and appropriate operation of business with respect to thismatter, we shall implement the following.
A. Confirm the facts of the recognized incidents at MUFG’s subsidiary MUFG Bank
related to the prohibition on engaging in other business as specified in Article 122

of the Banking Act and management of customer information as specified in
Article 12, paragraph 2-2 of the Banking Act, analyze their causes (includingbackground causes) as MUFG Bank’s parent company, and identify issues basedon these analyses.
B. Promptly develop and steadily implement effective improvement measures basedon these incidents, including the following points, to prevent recurrence (including
a plan for implementing improvement measures, implementation status, etc.):
・ Strengthen internal control systems including management systems, legal
compliance systems related to banking-securities collaboration, and customer
information management systems.
(2) Report the implementation status of A and the business improvement plan in writingby July 24, 2024.
(3) Report the implementation status of B in the immediate future, no later than within
15 days from the end of the quarter.
4. Regarding the order to MUFG Bank to submit report (Article 24, paragraph 1 of theBanking Act)
Order to submit report(1) In order to ensure sound and appropriate operation of business with respect to thismatter, we shall implement the following.
A. Confirm the facts of the recognized incidents related to the prohibition on engaging
in other business as specified in Article 12 of the Banking Act and managementof customer information as specified in Article 12, paragraph 2-2 of the Banking
Act, analyze their causes (including background causes), and identify issues
based on these analyses.
B. Promptly develop and steadily implement effective improvement measures basedon A, including the following points, to prevent recurrence (including a plan forimplementing improvement measures, implementation status, etc.):
・ Strengthen internal control systems including management systems, legal
compliance systems related to banking-securities collaboration, and customer
information management systems.
(2) Report the implementation status of A and the business improvement plan in writingby July 24, 2024.
(3) Report the implementation status of B in the immediate future, no later than within
15 days from the end of the quarter.
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About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups.
Headquartered in Tokyo and with over 360 years of history, MUFG has a global networkwith approximately 2,000 locations in more than 40 countries. The Group has about
120,000 employees and offers services including commercial banking, trust banking,securities, credit cards, consumer finance, asset management, and leasing. The Groupaims to “be the world’s most trusted financial group” through close collaboration among
our operating companies and flexibly respond to all of the financial needs of our customers,
serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit https://www.mufg.jp/english.

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