BW20030225002004  20030225T083034Z UTC


( BW)(MITSUBISHI-TOKYO-FIN)(MTF) Dissolution of a Subsidiary (DMC)

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--Feb. 25, 2003--

         Formal Dissolution of The Diamond Mortgage Co., Ltd.


Tokyo, February 25, 2003 --- Mitsubishi Tokyo Financial Group, Inc.
(MTFG; President: Shigemitsu Miki) announced today that The Bank of
Tokyo-Mitsubishi, Ltd. (BTM), a member bank of MTFG, has formally
decided to dissolve The Diamond Mortgage Co, Ltd. (DMC) on February
28, 2003. The planned dissolution of DMC, a consolidated subsidiary of
BTM, was originally announced on September 24, 2002. Credit provided
by BTM to DMC may eventually not be repaid due to this event.

1.       Outline of DMC

(1)      Address:         1-8, Nihonbashi 3-chome, Chuo-ku, Tokyo
(2)      President:       Shoichi Fukui
(3)      Capital:         Japanese yen 6,865 million
(4)      Business:        Mortgage securities business

2.       Event and date of occurrence

      BTM has formally decided that its consolidated subsidiary DMC
will be dissolved as of February 28, 2003.

3.       Outstanding credit balance to DMC

      BTM: Japanese yen 42,800 million

4.       Influence on MTFG's business forecast

      This event is not expected to have any material effect on MTFG's
      previously announced business forecast for the current fiscal
      year.

                                    * * *

For further information, please contact:
      Masahiko Tsutsumi, Chief Manager, Public Relations Office
      Tel. No. 81-3-3240-8136

   Short Name: Bank ofTokyoMitsubLd
   Category Code: MSC
   Sequence Number: 00002253
   Time of Receipt (offset from UTC): 20030225T082708+0000

    --30--FG/uk*

    CONTACT: Mitsubishi Tokyo Financial Group Inc

    KEYWORD: JAPAN UNITED KINGDOM INTERNATIONAL ASIA PACIFIC EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Mitsubishi Tokyo Financial Group Inc

Today's News On The Net - Business Wire's full file on the Internet
                          with Hyperlinks to your home page.
                          URL: http://www.businesswire.com