Mitsubishi Tokyo Financial Group Inc

Mitsubishi Tokyo Financial Group, Inc. (MTFG) today announced that it
planned to adopt an Integrated Business Group system from April 1,
2004, with the aim of progressing its shift to consolidated and
integrated management of the Group.

MTFG is currently engaged in reshaping the business model of the
entire Group. Adoption of an Integrated Business Group system will
allow integrated management of Group businesses, as unified strategies
for the Group will be decided at the holding company and then
implemented at Group banks.

Under this system, the Group aims to further enhance the expertise of
each Group company and offer customers even higher quality and more
comprehensive financial services, while improving the speed and
consistency of decision making across the Group and ensuring the most
efficient allocation of Group management resources. Moreover, MTFG is
working to leverage the capabilities of the entire Group by increasing
profitability and competitiveness as a comprehensive provider of
high-quality, diversified financial services, and in doing so to
maximize shareholder value.

1.  Purpose of introducing the Integrated Business Group system

The Integrated Business Group system is being introduced with the
following aims:

    1) Seamless provision of comprehensive financial services to customers 
       By implementing a unified Group strategy, Group banks will be seen by
       customers as being part of an integrated group while still remaining
       separate entities, and the Group will be able to maximize the value of
       its financial services in a rapid manner.

    2) Straightforward implementation of new strategy and business models 
       The Group will be able to develop and implement new integrated
       strategies and business models from a group management point of view.
       By concentrating each business planning and operations management in
       the holding company, the system will be constructed so that strategic
       decisions can be made on an integrated basis for the whole Group and
       managed centrally at the holding company while being implemented by
       Group banks.

    3) Realizing the potential of Group employees 
       Under the new system MTFG employees will have the opportunity to
       develop their professional capabilities and realize their potential on
       a broader front than previously.        
    
2.  Nature of the holding company: 
       
Shifting from Strategic Coordination to Integrated Strategic Management

The nature of the holding company will change from being a strategic
coordination body, to being a provider of integrated strategic
management. This reflects one of the purposes of introducing the new
Integrated Business Group system, which is to create a structure in
which strategic decisions are made on an integrated basis for the
whole Group by the MTFG Executive Committee, while being implemented
by Group banks.

3.  Outline of Integrated Business Group system
    
1) Establishment of Integrated Business Groups 
Retail banking, corporate banking, and trust assets (asset management,
administration operations and custody services) will be positioned as
the three core consolidated operating profit generating businesses,
and three new business groups will be established: the Integrated
Retail Banking Business Group, the Integrated Corporate Banking
Business Group, and the Integrated Trust Assets Business Group.

2) Integrated Business Group structure
(GRAPH OMITTED)

-- In order to develop and implement integrated strategy effectively
for the whole Group, MTFG and Group banks will be managed through a
'three in one' structure. Each MTFG Integrated Business Group will
include the BTM and MTBC business units and divisions pertaining to
the operations of the business group (including those of related
subsidiaries and affiliated companies).

-- As the holding company's organization, MTFG will hold the head and
deputy head of each Integrated Business Group, and will establish and
staff support divisions (see "Support divisions" in the above chart).

-- The head and deputy head of each Integrated Business Group will
concurrently serve as heads of related business units of Group banks.
Moreover, although each MTFG division will be constructed from
employees delegated from subsidiary banks, these employees will
concurrently serve in related divisions of the subsidiary banks,
helping to maintain the smooth execution of operations.

-- Business planning and operations management functions will be
retained at the minimum necessary level for each business in Group
banks, and streamlined by concentrating their functions and location
within the Integrated Business Groups. 

Concentrated support functions:

-- Business planning: Responsible for formulation of business
strategy, such as supporting Integrated Business Group heads in
developing integrated strategy, etc.

-- Operations management:Responsible for monitoring strategic
implementation, such as formulating branch and area performance
evaluation policy, etc.

-- Broad decisions on matters such as Group strategy, budgeting, and
the allocation of resources (staffing, capital, and expenses) will be
made by the MTFG Executive Committee, and as the body responsible for
formulating integrated Group strategy, this committee will serve to
actively develop and utilize the capabilities of the overall Group. --
In implementing a unified strategy under which Group banks remain
separate entities, MTFG will conduct more detailed investigations into
a performance evaluation under the principle of standardizing the
approach within each Integrated Business Group.

4.  Establishment of preparation teams
On January 5, 2004, three preparation teams will be formed temporarily
to prepare for the introduction of the Integrated Business Group
system. These teams, and the Integrated Business Group each is
responsible for, are as follows.

Preparation Team (from January 1, Integrated Business Group (from
 2004)                             April 1, 2004)
----------------------------------------------------------------------
Preparation Team No. 1            Integrated Corporate Banking
(Integrated Corporate Banking)     Business Group
----------------------------------------------------------------------
Preparation Team No. 2            Integrated Retail Banking Business
(Integrated Retail Banking)        Group
----------------------------------------------------------------------
Preparation Team No. 3            Integrated Trust Assets Business
(Integrated Trust Assets Business) Group
----------------------------------------------------------------------

(Reference) 

               Head and Deputy Head of Preparation Teams

The Heads and the Deputy Heads of the three Preparation Teams to be
established on January 5, 2004 are as listed below.

Preparation Team No.1 (Preparation Team for the Integrated Corporate
Banking Business Group)

   Title           Name                    Current Position
----------- ------------------- --------------------------------------
   Head     Yasumasa Gomi       The Bank of Tokyo-Mitsubishi, Ltd.
                                Deputy President
----------- ------------------- --------------------------------------
                                The Mitsubishi Trust and Banking
            Kunichiro Adachi     Corporation
                                Managing Director
Deputy Head ------------------- --------------------------------------
            Takahiro Moriguchi  The Bank of Tokyo-Mitsubishi, Ltd.
                                Deputy President
----------- ------------------- --------------------------------------


Preparation Team No.2 (Preparation Team for the Integrated Retail
Banking Business Group)

   Title            Name                   Current Position
----------- -------------------- -------------------------------------
   Head     Ryuuichi Murata      The Bank of Tokyo-Mitsubishi, Ltd.
                                 Managing Director
----------- -------------------- -------------------------------------
                                 The Mitsubishi Trust and Banking
Deputy Head Hajime Mita           Corporation
                                 Director & General Manager
                                 Personal Banking Division
----------- -------------------- -------------------------------------


Preparation Team No.3 (Preparation Team for the Integrated Trust
Assets Business Group)

   Title            Name                   Current Position
------------ ------------------ --------------------------------------
                                The Mitsubishi Trust and Banking
    Head     Haruya Uehara       Corporation
                                Deputy President
------------ ------------------ --------------------------------------
             Tetsuo Iwata       The Bank of Tokyo-Mitsubishi, Ltd.
                                Managing Director
Deputy Head  ------------------ --------------------------------------
                                The Mitsubishi Trust and Banking
             Toshio Koyama       Corporation
                                Managing Director
------------ ------------------ --------------------------------------


For further information please contact:
Mr. Seiji Itai, 81-3-3240-8136