Pursuant to the Tender Offers, on the Early Settlement Date, the Company purchased the
aggregate principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline as set forth in the table above.
After the Early Tender Deadline and at or prior to the Expiration Time, the Company received valid tenders of $2,272,000 aggregate principal
amount of the Notes. Considering the $475,098,000 aggregate principal amount of the Notes purchased on the Early Settlement Date and the Maximum Amount, the Company expects to accept for purchase all of such validly tendered Notes. For the 3.202%
Subordinated Notes due 2029 validly tendered after the Early Tender Deadline and at or prior to the Expiration Time and accepted for purchase, the Company expects to pay Tender Consideration of $902.43 per $1,000 principal amount plus any accrued
and unpaid interest from the last interest payment date applicable to the Notes of such series up to, but not including, the Final Settlement Date. For the 2.142% Subordinated Notes due 2030 validly tendered after the Early Tender Deadline and at or
prior to the Expiration Time and accepted for purchase, the Company expects to pay Tender Consideration of $836.80 per $1,000 principal amount plus any accrued and unpaid interest from the last interest payment date applicable to the Notes of such
series up to, but not including, the Final Settlement Date.
Under the terms of the Tender Offers, all Notes validly tendered and not
validly withdrawn at or before the Early Tender Deadline had priority over Notes tendered after the Early Tender Deadline, even if such Notes tendered after the Early Tender Deadline had a higher Acceptance Priority Level (as defined in the Offer to
Purchase) than the Notes tendered at or before the Early Tender Deadline.
As described in the Offer to Purchase, the Notes tendered and
not accepted for purchase will be promptly returned to the tendering Holder’s account.
The Company’s obligation to accept for
purchase and to pay for the Notes validly tendered in the Tender Offers is subject to the satisfaction or waiver of the remaining conditions described in the Offer to Purchase.
Additional Information
SMBC Nikko
Securities America, Inc., Goldman Sachs & Co. LLC, Merrill Lynch International and Citigroup Global Markets Inc. are serving as the Dealer Managers in connection with the Tender Offers. Questions regarding the terms of the Tender should be
directed to SMBC Nikko Securities America, Inc. at +1 (888) 284-9760 (U.S. toll free) or +1 (212) 224-5135 (collect), to Goldman Sachs & Co. LLC at +1 (800) 828-3182 (U.S. toll free), +1 (212) 357-1452 (U.S. collect) or +44 207 774 4836 (Europe), to Merrill Lynch International at +44 207 996 5420 (Europe) or +1 (888) 292-0070 (U.S. toll free), and to Citigroup Global Markets Inc. at +1 (800) 558-3745 (U.S. toll free) or +1 (212) 723-6106 (collect).
Any questions or requests for assistance or additional copies of the Offer to Purchase or the documents incorporated by reference therein may be directed to D.F. King & Co., Inc., which is acting as the Tender Agent and the Information
Agent for the Tender Offers, at the following telephone numbers: +1 (800) 967-0271 (U.S. toll free); all others at +1 (212) 269-5550 (all others); or by email to
sumitomo@dfking.com.
Forward-Looking Statements
This press release includes forward-looking statements. They are based on current expectations and projections about future events, and are
therefore subject to risks and uncertainties which are outside of the Company’s control and could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Words such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “risk,” “project,” “should,” “seek,”
“target,” “will” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on the Company’s current understanding and assessment of relevant factors and reasonable
assumptions about the future.
Given these uncertainties, investors are cautioned not to place undue reliance on forward-looking
statements. Investors are also urged to carefully review and consider the various disclosures that the Company makes, which attempt to advise interested parties of the factors that affect the Company’s business, including the section entitled
“Risk Factors and Other Considerations” in the Offer to Purchase and sections entitled “Risk Factors” in reports the Company files with, or furnishes to, the SEC from time to time, specifically the Company’s annual report on
Form 20-F and current reports on Form 6-K. Except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements
set forth in this press release, whether as a result of new information, future events or otherwise.
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