Mitsubishi UFJ Financial Group, Inc.
Mitsubishi UFJ Trust and Banking Corporation
Mitsubishi UFJ Securities Holdings Co., Ltd.
Mitsubishi UFJ Asset Management Co., Ltd.
KOKUSAI Asset Management Co., Ltd.

Execution of Contract to Merge Mitsubishi UFJ Asset Management
and KOKUSAI Asset Management

Tokyo, April 30, 2015 --- Mitsubishi UFJ Financial Group, Inc. (MUFG) and its subsidiaries Mitsubishi
UFJ Trust and Banking Corporation (MUTB) and Mitsubishi UFJ Securities Holdings Co., Ltd (MUSHD),
announced today that after ongoing consultation and preparation between the concerned parties, the boardsof Mitsubishi UFJ Asset Management Co., Ltd. (MUAM) and KOKUSAI Asset Management Co., Ltd.
(KAM) have resolved to sign a contract to merge MUAM and KAM.

1. Merger contract executive summary(1) Merger method

MUAM will be the surviving entity and KAM will be dissolved.

(2) Date of merger

1 July, 2015(3) Share exchange ratio(4) Trading name of merged
company

10.0497 ordinary MUAM shares will be exchanged for 1 ordinary
outstanding KAM share.
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.

(5) New company’s capital

JPY2 billion (Continues MUAM’s capital, no increase planned)(6) Location of new

4F Shin-Yurakucho Building,company head office(7) New company
representatives(8) New company

Yurakucho 1-12-1, Chiyoda-ku, Tokyo
President & CEO: Takashi Kanagami

Executive Vice-President: Hiroyuki Tanaka

Mitsubishi UFJ Trust and Banking(51%)

shareholder composition

Mitsubishi UFJ Securities Holdings(34%)(shareholding ratio)

The Bank of Tokyo-Mitsubishi UFJ

(15%)

1

2. Post-merger enhancement of business management structure

At the new company, an Advisory Committee will be established as an advisory body to theManagement Committee. The Advisory Committee will be composed of external experts and willoffer assessments from a customer’s perspective on topics including the appropriateness of the level oftrust fees, the suitability of new products for customers and the adequacy of explanatory materials.
With expectations growing for investment trusts as a tool for asset formation by households and asource of supply of funds for growing corporates, the new company will further strengthen business
management in accordance with the needs of customers.
(Reference) Overview of merging companies(As of March 31, 2015)
Mitsubishi UFJ Asset Management

KOKUSAI Asset Management

Co., Ltd.

Co., Ltd.

Investment management, advisory

Investment management, advisory

and agency businessand agency businessAugust 1985

March 1983

Head office

Chiyoda-ku, Tokyo

Chiyoda-ku, Tokyo

President & CEO

Takashi Kanagami

Hiroyuki Tanaka

124,098 shares

12,998 shares

JPY 2.0 billion

JPY 2.68 billion

Publicly offered: JPY 6,571.0 billion

Publicly offered: JPY 3,847.9 billion

Privately placed: JPY 2,431.8 billion

Privately placed: JPY 32.1 billion

Company namePrincipal business
Date of establishment

Total outstandingsharesCapital
Investment trust asset
balance

Total: JPY 9,002.8 billion

Number of employees
Major shareholders(shareholding ratio)

Total: JPY 3,880.0 billion

433329Mitsubishi UFJ Trust and Banking (50%) Mitsubishi UFJ Securities Holdings (82%)
Mitsubishi UFJ Financial Group(25%) The Bank of Tokyo-Mitsubishi UFJ (10%)

The Bank of Tokyo-Mitsubishi UFJ (25%) Mitsubishi UFJ Trust and Banking(7%)

Fiscal year ended

Fiscal year ended

Fiscal year ended

Fiscal year ended

March 31, 2013

March 31, 2014

March 31, 2013

March 31, 2014

Operating revenue

JPY 48.56 billion

JPY 53.66 billion

JPY 34.21 billion

JPY 36.80 billion

Ordinary income

JPY 8.48 billion

JPY 9.87 billion

JPY 8.67 billion

JPY 8.78 billion

Net income

JPY 5.40 billion

JPY 6.73 billion

JPY 5.32 billion

JPY 5.81 billion

Business results**2*