Shinsei Bank, Limited, (“Shinsei”) has decided the terms and conditions, as described below, for private placements of Tier I preferred securities to qualified institutional investors in Japan as well as private placements of Tier I preferred securities to a limited number of select institutional and corporate investors in Japan as previously announced on March 6, 2009 to strengthen Shinsei’s Tier I capital.
The 48.2 billion yen of capital scheduled to be raised on March 30, 2009 through these transactions qualifies for inclusion in Tier I capital as outlined under the Basel Capital Accord. The preferred securities below are not convertible into common stock of Shinsei Bank.
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