BW20030627002000  20030627T090214Z UTC


( BW)(SUMITOMO-TRUST-&-BANKING)(SMB) Notice Regarding the Allotment of Stock Purchase Warrants for Stock Option Plan

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--June 27, 2003--

The Sumitomo Trust & Banking Co., Ltd. (hereinafter, "the Bank")
hereby notifies that, at the Board of Directors' Meeting on the above
date, the detailed terms and conditions of the Stock Purchase Warrants
(hereinafter "the Warrant"), approved at the 132nd Shareholders'
Meeting held on June 27, 2003 pursuant to the Articles 280-20 and
280-21 of the Commercial Code of Japan, were determined as follows.

---------------------------------------------------------- --------------------------------------------------------
1. Issuance Date                                           June 30, 2003
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2. Number of Warrants to be Issued                         1,186 (The number of shares  issued with respect to one
                                                           (1) Warrant is 1,000)
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3. Type of Underlying Shares                               Par value shares of the Bank's common stock
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4. Warrant Price                                           The Warrants are gratis.
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5. Amount to be paid with respect to one (1)               To be fixed on June 30, 2003
   Warrant at its Exercise
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6. Total Amount of Shares Issued or Transferred            To be fixed on June 30, 2003
   with the Exercise of the Warrant
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7. Amount to be allocated in the Bank's Capital            To be fixed on June 30, 2003
---------------------------------------------------------- --------------------------------------------------------
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8. Number of Eligible Grantees of the Warrants             441,   including   the  Bank's   Directors,   Executive
                                                           Officers, and certain senior-level employees
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9. Others                                                  (1)      Date of Board's  resolution  for the  Approval
                                                                at the Shareholders' Meeting : May 23, 2003
                                                           (2)      Date of Approval at the Shareholders'  Meeting
                                                                : June 27, 2003
                                                           (3)      Exercise Period of the Warrant :
                                                                July 1, 2005 - June 30, 2007
---------------------------------------------------------- --------------------------------------------------------

For further information, please contact
Koichi Onaka, Head of IR Office, Financial Management Dept.
Telephone: +81-3-3286-8354   Facsimile: +81-3-3286-4654

   Short Name: Sumitomo Tst & Bnkg
   Category Code: MSC
   Sequence Number: 00006395
   Time of Receipt (offset from UTC): 20030627T095035+0100

    --30--KO/uk*

    CONTACT: Sumitomo Trust & Banking

    KEYWORD: JAPAN UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Sumitomo Tst & Bnkg

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