BW20030320002007  20030320T104326Z UTC

( BW)(MITSUBISHI-TOKYO-FIN)(MTF)  Notice concerning adjustment of the conversion price of Class 2 Preferred Shares

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--March 20, 2003--

Mitsubishi Tokyo Financial Group, Inc. (MTFG; President:
Shigemitsu Miki) announces that, pursuant to the terms and conditions
of Class 2 Preferred Shares provided in the Articles of Incorporation,
the initial conversion price as well as the Conversion Ceiling Price
and the Conversion Floor Price of the Class 2 Preferred Shares will be
adjusted as stated below.

1. Adjustment of the Initial Conversion Price

Type of shares Class 2 Preferred Shares Initial conversion price after
adjustment Japanese Yen 1,357,559.2- Initial conversion price before
adjustment Japanese Yen 1,359,784.5-

2. Adjustment of the Conversion Ceiling Price

Type of shares                                               Class 2 Preferred Shares
Conversion Ceiling Price after adjustment                    Japanese Yen 1,357,559.2-
Conversion Ceiling Price before adjustment                   Japanese Yen 1,359,784.5-

3. Adjustment of the Conversion Floor Price

Type of shares                                               Class 2 Preferred Shares
Conversion Floor Price after adjustment                      Japanese Yen 696,898.5-
Conversion Floor Price before adjustment                     Japanese Yen 698,040.9-

4:Effective Date

On and after March 27, 2003


For further information, please contact:
Kohei Tsushima, General Manager, Public Relations Office
Tel: 81-3-3240-8149


   Short Name: Mitsubishi Tokyo Fin
   Category Code: MSC
   Sequence Number: 00003132
   Time of Receipt (offset from UTC): 20030320T103729+0000

    --30--ac/uk*

    CONTACT: Mitsubishi Tokyo Financial Group Inc

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

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