Important: Investment changes coming to the Mizuho Corporate Bank, Ltd. 401(k) Savings Plan

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1 Important: Investment changes coming to the Mizuho Corporate Bank, Ltd. 401(k) Savings Plan As a participant in the Mizuho Corporate Bank, Ltd. 401(k) Savings Plan, you know that Mizuho has a strong dedication to helping you plan ahead for retirement. With the tax advantages and choices of investments, your retirement plan is a great benefit, and Mizuho is always looking for ways to make it better. That s why Mizuho is happy to announce some exciting changes to the plan s investment lineup, effective July 1, 2010: Five new funds are being added To learn more about the new funds being added to your plan, see the Learn about the new funds section. Two existing funds are being replaced If you have money invested in either of these funds, you can move your balance to other funds in the investment lineup, or you can let your balance and future contributions automatically transfer to new funds that share similar objectives (see Questions? Want to make a change? at the end of this letter). One share class change The Fund changes at a glance section highlights the fund that is changing share classes. The style and management of the fund remains the same; however, the expense ratio will be reduced. All other things being equal, a lower expense ratio will increase performance to participants. Seven funds will be closed and removed If you have money invested in any of these funds, you may want to consider moving your balance to other funds in the investment lineup. If you choose not to take action, any balances in and future contributions directed to these funds will be automatically transferred to other funds as outlined in the Fund changes at a glance section (see Questions? Want to make a change? at the end of this letter). Why the need for change? The Mizuho Retirement Committee continuously reviews all of the investment options currently available to participants in the plan. With the assistance of an independent investment advisor, each fund is monitored to ensure that it remains an appropriate option in the plan. In an effort to provide you with greater choices, more flexibility, and a stronger investment lineup, funds may occasionally need to be replaced or added due to a variety of qualitative and quantitative factors. For example, the committee carefully reviews and considers an investment s performance, expenses, or any change to its strategy or management style when determining whether or not a change needs to be made. Fund changes at a glance Here s a summary of the changes being made to the plan s investment lineup. New funds being added DFA Emerging Markets Portfolio, I Class (DFEMX) Funds being replaced TRP Prime Reserve Fund (PRRXX) TRP Equity Index 500 Fund (PREIX) Vanguard Prime Money Market Fund, Inst. (VMRXX) Vanguard Institutional Index Fund, Inst. (VINIX) (over, please)

2 Share class change PIMCO Total Return Fund, Admin. (PTRAX) PIMCO Total Return Fund, Inst. (PTTRX) Funds being closed and removed TRP Spectrum Income Fund (RPSIX) TRP Global Stock Fund (PRGSX) TRP Science & Technology Fund (PRSCX) TRP Spectrum Growth Fund (PRSGX) TRP Growth Stock Fund (PRGFX) AIM Large Cap Growth Fund, A Shares (LCGAX) Janus Growth & Income Fund, J Class (JAGIX) TRP=T. Rowe Price This fund has a redemption fee; please see the What you need to do section for important redemption fee information. Effective April 30, 2010, the name of this fund was changed to the Invesco Large Cap Growth Fund, A Shares. Account balances and future contributions in the TRP Spectrum Income Fund, the TRP Global Stock Fund, and the TRP Science & Technology Fund will be invested in the age-appropriate TRP Retirement Fund as follows: Participants born... Will be invested in... In 1988 or after Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement 2005 In 1937 or before Retirement Income What happens next and when? Here s what will occur in the weeks ahead: June 25, 2010 July 1, 2010 BLACKOUT PERIOD BEGINS AT 4 P.M. EASTERN TIME In order to complete these changes to the plan s investment lineup, there will be a blackout period, which will begin June 25, 2010, at 4 p.m. eastern time and will remain in effect through June 30, 2010, for participants who have a balance in the PIMCO Total Return Fund, Admin., or any of the funds being replaced or closed. If you choose not to make any changes to your account prior to 4 p.m. eastern time on June 25, 2010, all assets in, and contributions directed to, these funds will be transferred to other funds as outlined in the Fund changes at a glance section. Please note, you will temporarily be unable to complete transactions involving these funds, and you will be unable to purchase or sell your shares via an exchange transaction. Any balance in these funds will also be restricted from loans, withdrawals, and distributions. Regardless of when you are planning to retire, we encourage you to carefully consider how this blackout period may affect your retirement planning and your overall finances. BALANCE TRANSFERS ARE COMPLETE BLACKOUT PERIOD ENDS AT 9 A.M. EASTERN TIME The balance transfers for the closed funds and the funds being replaced are complete, along with the share class change for the PIMCO Total Return Fund. The five new investments options are now available for investments: DFA Emerging Markets Portfolio, I Class (DFEMX) You will have full access to your account at 9 a.m. eastern time.

3 What you need to do If you are not sure whether you want your account balances and future contributions to transfer as outlined in the Fund changes at a glance section, it may be worthwhile for you to review your options and make a decision before 4 p.m. eastern time on June 25, 2010 (the last day to place a transaction before the blackout period begins). Types of investment changes There are two types of investment changes you can make in your account: An exchange is when you move existing balances among investment options. A mix change is when you change the way future contributions will be invested. Making changes to your account To get investment information or make changes to your account, visit the myretirementplan Web site at rps.troweprice.com. If you need personal assistance, call T. Rowe Price at Representatives are available during business days between 7 a.m. and 10 p.m. eastern time. Important information about redemption fees If you have a balance in the TRP Equity Index 500 Fund or the TRP Global Stock Fund and you choose to make a change to your account prior to the start of the blackout period at 4 p.m. eastern time on June 25, 2010, you will be charged a redemption fee on shares held 90 days or less in these two funds. If you choose not to make any changes, the redemption fees associated with these two funds will not be assessed when the funds are automatically transferred as outlined in the Fund changes at a glance section. Redemption fees are designed to deter short-term trading behavior and protect the funds and their long-term investors. For more information about the investments in your plan that have redemption fees, visit the myretirementplan Web site at rps.troweprice.com. Learn about the new funds Starting July 1, 2010, you will be able to select from the following new investment options: The fund seeks to provide current income while maintaining liquidity and a stable share price of one dollar. The fund invests primarily in high-quality, short-term money market instruments, including certificates of deposit, banker s acceptances, commercial paper, and other money market securities. The fund invests more than 25% of its assets in securities issued by companies in the financial services industry. The fund maintains a dollar-weighted average maturity of 90 days or less. An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. The fund seeks to provide inflation protection and income consistent with investment in inflation-indexed securities. The fund invests at least 80% of its assets in inflation-indexed bonds issued by the U.S. government, its agencies and instrumentalities, and corporations. The fund may invest in bonds of any maturity; however, its dollar-weighted average maturity is expected to be in a range of seven to 20 years. At a minimum, all bonds purchased by the fund will be rated investment grade. Investment Risks: Deflationary conditions (when inflation is negative) could cause the fund s principal and income to decrease in value. Yield and share price will vary with interest rate changes. The fund seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing approach designed to track the performance of the Standard & Poor s 500 Index. The fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index. Investment Risks: Index funds may be more volatile than a fund that can shift its asset allocation based on market conditions or in response to trends in market sectors. (over, please)

4 DFA Emerging Markets Portfolio, I Class (DFEMX) The portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The portfolio pursues its objective by investing in emerging markets equity securities that Dimensional deems to be large company stocks at the time of purchase. Dimensional will consider, among other things, information disseminated by the International Finance Corporation in determining and approving countries that have emerging markets. The portfolio currently invests in companies in Brazil, Chile, China, the Czech Republic, Hungary, India, Indonesia, Israel, Malaysia, Mexico, the Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, and Turkey. Due to repatriation restrictions, the portfolio currently holds but does not purchase securities in Argentina. Investment Risks: Funds that invest in non-u.s. securities are subject to the unique risks of international investing, including currency fluctuation. The fund seeks long-term growth of principal and income. The fund invests primarily in a diversified portfolio of equity securities issued by non-u.s. companies from at least three different foreign countries, including emerging markets. The fund focuses on countries whose economic and political systems appear more stable and are believed to provide some protection to foreign shareholders. The fund invests primarily in medium to Iarge well-established companies based on standards of the applicable market. Investment Risks: Funds that invest in non-u.s. securities are subject to the unique risks of international investing, including currency fluctuation. Take time to review your current investment choices With so many changes occurring in the plan, now s a good time to take an overall look at your investment portfolio and determine whether you re on track to reaching your goals. Two ways you can invest To help make the investment process as easy as possible, the Mizuho Corporate Bank, Ltd. 401(k) Savings Plan offers you two ways to invest your savings: Option 1: One-step investing with T. Rowe Price Retirement Funds If you re like the estimated 80% of retirement plan investors who do not have the time or desire to select and keep track of their investments, then a T. Rowe Price Retirement Fund may be an appropriate investment. Each Retirement Fund is a mutual fund made up of other mutual funds. That means you get a mix of different investments in large and small companies, both domestic and foreign. Other advantages include: One-step convenience, so you don t need to mix and match them with other options. Professional diversification that may help reduce the impact of the market s ups and downs on your account. Diversification does not ensure a profit or protect against a loss in declining markets. Stock exposure that can help your retirement account outpace inflation and maintain its buying power. Automatic rebalancing among stocks, bonds, and conservative bonds helps the funds allocations stay on track. Plus, the funds risk/return objectives change over time, slowly reducing their exposure to risk as the target retirement date nears. The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The funds invest in a broad range of underlying mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus more on income and principal stability during retirement. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility. Option 2: Do-it-yourself If you prefer a hands-on approach to investing, you can build your own portfolio by choosing investments from the new investment lineup. Go to the myretirementplan Web site at rps.troweprice.com and click on the Investments tab. This do-it-yourself option is ideal for those who enjoy the process of investing and who are willing to spend time creating and monitoring their portfolios and strategies.

5 Questions? If you have questions, visit the myretirementplan Web site at rps.troweprice.com. If you need personal assistance, call T. Rowe Price at Representatives are available during business days between 7 a.m. and 10 p.m. eastern time. Review your beneficiary elections Take a minute to review your beneficiary information. Should something happen to you, having up-to-date beneficiary information on file will allow your account balance to be distributed the way you d want. Simply log in to the myretirementplan Web site at rps.troweprice.com to access the online beneficiary service. If you need personal assistance, call T. Rowe Price at Call to request a prospectus, which includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds _ltr_nfa_0410 5/