News Release June 3, 2011 The Norinchukin Bank Announcement of Partial Revision of the Financial Statements for the Fiscal 2010 and the Bank Presentation - Capital and Financial Position as of March 31, 2011 The Norinchukin Bank (the Bank) hereby announces that it has corrected some errors found in the Financial Statements for the Fiscal 2010 and the Bank Presentation – Capital and Financial Position as of March 31, 2011 that were released on May 20, 2011, as follows. The revised files are posted on our web site (http://www.nochubank.or.jp). ( Corrected items are underlined ) Title : Financial Statements for the Fiscal 2010 ■Page 1 1.Consolidated Financial Results for the Fiscal 2010 (for the fiscal year ended March 31, 2011) (2) Consolidated Financial Conditions 【Before Corrections】 【After Corrections】 Consolidated BIS Capital Adequacy Consolidated BIS Capital Ratio Adequacy % 22.58 19.21 Fiscal 2010 Fiscal 2009 Ratio % 22.67 19.21 Fiscal 2010 Fiscal 2009 ■Page 2 2.Non-consolidated Financial Results for the Fiscal 2010 (for the fiscal year ended March 31, 2011) (2) Non-consolidated Financial Conditions 【Before Corrections】 【After Corrections】 Non-Consolidated BIS Capital Non-Consolidated BIS Capital Adequacy Ratio Fiscal 2010 Fiscal 2009 Adequacy Ratio % 22.66 19.26 Fiscal 2010 Fiscal 2009 1 % 22.76 19.26 ■Page 4 Capital Adequacy Ratio ○ Non-Consolidated BIS Capital Adequacy Ratio 【Before Corrections】 BIS Capital Adequacy Ratio(%) TierⅠRatio(%) Total capital Total tierⅠcapital Total capital requirements Risk Adjusted Assets Fiscal 2010 (preliminary) 22.66 16.73 55,982 41,336 19,758 246,982 (100 Millions of Yen) Fiscal 2009 Change 19.26 13.88 52,605 37,908 21,846 3.40 2.85 3,376 3,427 (2,087) 273,075 (26,092) 【After Corrections】 BIS Capital Adequacy Ratio(%) TierⅠRatio(%) Total capital Total tierⅠcapital Total capital requirements Risk Adjusted Assets Fiscal 2010 (preliminary) 22.76 16.80 55,982 41,336 19,675 245,938 (100 Millions of Yen) Fiscal 2009 Change 19.26 13.88 52,605 37,908 21,846 3.50 2.92 3,376 3,427 (2,170) 273,075 (27,136) ○ Consolidated BIS Capital Adequacy Ratio 【Before Corrections】 BIS Capital Adequacy Ratio(%) TierⅠRatio(%) Total capital Total tierⅠcapital Total capital requirements Risk Adjusted Assets Fiscal 2010 (preliminary) 22.58 16.78 55,705 41,411 19,734 246,677 (100 Millions of Yen) Fiscal 2009 Change 19.21 14.01 52,286 38,129 21,768 3.36 2.77 3,418 3,282 (2,034) 272,111 (25,433) 【After Corrections】 BIS Capital Adequacy Ratio(%) TierⅠRatio(%) Total capital Total tierⅠcapital Total capital requirements Risk Adjusted Assets Fiscal 2010 (preliminary) 22.67 16.85 55,705 41,411 19,650 245,633 2 (100 Millions of Yen) Fiscal 2009 Change 19.21 14.01 52,286 38,129 21,768 3.46 2.84 3,418 3,282 (2,118) 272,111 (26,477) Title : The Bank Presentation - Capital and Financial Position as of March 31,2011 ■Page 1 Financial Highlights As of March 31,2011(Non-consolidated) 【Before Corrections】 Capital Adequacy Ratio:22.66%,Tier I Ratio 16.73%(Preliminary Figures) As a result of a decrease in unrealized losses on securities and other factors,capital ➢ adequacy and TierⅠratios rose by 3.40% and 2.85%,respectively. 【After Corrections】 Capital Adequacy Ratio:22.76%,Tier I Ratio 16.80% (Preliminary Figures) As a result of a decrease in unrealized losses on securities and other factors,capital ➢ adequacy and TierⅠratios rose by 3.50% and 2.92%,respectively. ■Page 7 Capital Position(Non-consolidated,Preliminary Figures) First line in the main text 【Before Corrections】 Capital Adequacy and TierⅠratios were 22.66% and 16.73%,respectively. 【After Corrections】 Capital Adequacy and TierⅠratios were 22.76% and 16.80%,respectively. ■Page 7 Capital Breakdown(Non-consolidated,Preliminary Figures) (Figures in the table) 【Before Corrections】 1 2 3 4 5 6 7 8 9 10 11 12 TierⅠcapital Capital stock and capital surplus Earned surplus Unrealized losses on other securities TierⅡcapital Perpetual subordinated bonds and Loans Dated subordinated bonds,loans, and preferred stock Deductions Total Capital Risk-weighted assets BIS capital Adequacy Ratio TierⅠratio 3 2010/3 37,908 34,509 8,194 -4,066 17,745 14,860 (JPY 100mn) 2011/3 Change 41,336 3,427 34,509 9,474 1,280 -2,216 1,850 17,596 -149 14,860 - 2,658 2,543 -114 3,048 52,605 273,075 19.26% 13.88% 2,949 55,982 246,982 22.66% 16.73% -98 3,376 -26,092 3.40% 2.85% 【After Corrections】 1 2 3 4 5 6 7 8 9 10 11 12 2010/3 37,908 34,509 8,194 -4,066 17,745 14,860 TierⅠcapital Capital stock and capital surplus Earned surplus Unrealized losses on other securities TierⅡcapital Perpetual subordinated bonds and Loans Dated subordinated bonds,loans, and preferred stock Deductions Total Capital Risk-weighted assets BIS capital Adequacy Ratio TierⅠratio ■ Page 7 (JPY 100mn) 2011/3 Change 41,336 3,427 34,509 9,474 1,280 -2,216 1,850 17,596 -149 14,860 - 2,658 2,543 -114 3,048 52,605 273,075 19.26% 13.88% 2,949 55,982 245,938 22.76% 16.80% -98 3,376 -27,136 3.50% 2.92% The Bank’s Capital Adequacy Ratio Over Time ( Non-consolidated , Preliminary Figures)(Figures in the graph) 【Before Corrections】 【After Corrections】 2011/3 2011/3 Total Capital 5.5 Total Capital 5.5 TierⅠcapital 4.1 TierⅠcapital 4.1 TierⅠratio 16.73% TierⅠratio 16.80% Capital adequacy ratio 22.66% Capital adequacy ratio 22.76% The Norinchukin Bank Head Office Contact Information 13-2,Yurakucho 1-chome,Chiyoda-ku, Tokyo 100-8420,Japan URL:http://www.nochubank.or.jp 4