Notice of Establishment of Electronic Clearing House which is to digitize procedures for clearing checks and notes

September, 2022

Dear Customer,

Thank you very much for banking with SMBC Trust Bank PRESTIA.

The Japanese Bankers Association ("JBA") is planning to digitize the procedures for clearing checks and notes between banks which has been executed at each regional clearing house across the nation in Japan. The JBA is scheduled to establish in November 2022 the Electronic Clearing House, which will clear checks and notes by utilizing electronic data.

Though checks and notes have been transported and delivered materially to each regional clearing house so far, the Electronic Clearing House will execute clearing checks and notes between banks by sending and receiving the image data of these instruments.

The relevant procedures for customers will remain unchanged at our bank, and customers can bring in paper checks and notes to us as before.

Meanwhile, there are some issues to be noted when writing checks. For further details, please press here to view our bank's "Yen Checking Account Customer Agreement," which will be effective as of November 4, 2022.

We highly appreciate your continuous patronage of SMBC Trust Bank.

Sincerely,

SMBC Trust Bank Ltd.