BW20030729002012  20030729T091231Z UTC


( BW)(MITSUBISHI-TOKYO-FIN)(MTF) Liquidation of Consolidated Subsidiary

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--July 29, 2003--

      Liquidation of Dutchess Turnpike Realty Holding Corporation

Mitsubishi Tokyo Financial Group, Inc. (MTFG; President: Shigemitsu
Miki) announced today that The Bank of Tokyo-Mitsubishi, Ltd. (BTM), a
consolidated subsidiary of MTFG, has decided to liquidate Dutchess
Turnpike Realty Holding Corporation.

Dutchess Turnpike Realty Holding Corporation is a consolidated
subsidiary of BTM`s wholly-owned subsidiary, The Bank of
Tokyo-Mitsubishi Trust Company (BTM Trust).

1.  Outline of Dutchess Turnpike Realty Holding Corporation

(1) Address: 1251 Ave. of the Americas, New York, NY 10020-1104

(2) Managing Director: Patrick Reidy

(3) Capital: US dollars 0

(4) Business: Real Estate Management

2.  Reason for Liquidation

Dutchess Turnpike Realty Holding Corporation is a special purpose
company established in order to own real estate collateral of BTM
Trust. As the collateral has been disposed of it has been decided that
Dutchess Turnpike Realty Holding Corporation will be liquidated.

3.  Timing of liquidation

Liquidation is expected by the end of September 2003.

4.  Impact 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:
Seiji Itai
Chief Manager
Corporate Communications Office
Tel.: 81-3-3240-8136

   Short Name: Mitsubishi Tokyo Fin
   Category Code: MSC
   Sequence Number: 00007706
   Time of Receipt (offset from UTC): 20030729T100436+0100

    --30--KO/uk*

    CONTACT: Mitsubishi Tokyo Financial Group Inc

    KEYWORD: JAPAN UNITED KINGDOM INTERNATIONAL ASIA PACIFIC EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Mitsubishi Tokyo Fin

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