July 3, 2017
Sumitomo Mitsui Financial Group, Inc.
Sumitomo Mitsui Banking Corporation
SMBC Nikko Securities Inc.

Revision of the Group Organizational Strategy in Europe

TOKYO, July 3, 2017 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President and Group
CEO: Takeshi Kunibe) announced that in response to the planned withdrawal of the United
Kingdom (UK) from the European Union (EU), and other changes to the political and economic
environment in Europe, SMFG will, subject to regulatory approval, expand the office networks ofits subsidiaries as listed below. The purpose of this expansion is to increase the flexibility of
SMFG’s marketing and operations structure so that it can continue to offer financial services to its
clients with no disruption following the planned withdrawal of the UK from the EU.

1. Establishment of a Banking Subsidiary in Germany
Given the possibility that Sumitomo Mitsui Banking Corporation (SMBC)’s UK subsidiary,
Sumitomo Mitsui Banking Corporation Europe Ltd. (SMBCE), could face future restrictions incertain services it provides, SMBC has decided to commence preparations to establish, subject toregulatory approval, a wholly-owned subsidiary in Frankfurt, Germany (New Bank). The purposeof establishing the New Bank is to ensure that SMBC can continue offering banking services toclients with no disruption once the UK leaves the EU. Through the New Bank, SMBCE, andSMBC branches, SMBC will further enhance the banking services it provides to its clients inEurope.

2. Establishment of SMBC London Branch
SMBC intends to take the necessary steps to establish a branch in London, UK, subject toregulatory approval. In the UK, SMBCE is currently providing banking services. By expanding theexisting office network through the establishment of SMBC London Branch, SMBC aims toachieve greater flexibility in providing banking services to its clients.

3. Establishment of a Securities Subsidiary in Germany
SMFG has been providing its securities services to its clients in Europe through SMBC Nikko
Capital Markets Ltd. However, to ensure that SMFG can continue offering clients securities related
services with no disruption following the UK’s withdrawal from the EU, SMFG will, subject toregulatory approval, commence preparations to establish a subsidiary in Frankfurt, Germany(Securities Subsidiary).
Further details on the above three entities, such as their official opening date, will be released indue course.

While the UK is expected to continue playing a significant role in the global financial sector
following its withdrawal from the EU, there is still uncertainty with regard to the expected resultsof negotiations between the UK and the EU. Given this, through the revisions to its marketing andoperations structure explained above, SMFG aims to retain its ability to respond to changes in thepolitical and economic environment in Europe in a flexible manner, so that it continues to provide
clients with sustained and stable financial services in addition to expanding the range of itsservices.

(Reference 1) New Bank: General Information
Name: To be decided
Tentative Establishment Date : March 2019 (to be confirmed)
Head Office: Frankfurt am Main, Germany(Reference 2) SMBC London Branch: General Information
Name: Sumitomo Mitsui Banking Corporation, London Branch
Tentative Establishment Date : During 2017 (to be confirmed)
Location: 99 Queen Victoria Street, London, EC4V 4EH, U.K.

(Reference 3) Securities Subsidiary: General Information
Name: To be decided
Tentative Establishment Date : March 2019 (to be confirmed)
Head Office: Frankfurt am Main, Germany