BW20030630002005  20030630T091131Z UTC


( BW)(SUMITOMO-TRUST-&-BANKING)(SMB) Notice Regarding the Terms and Conditions of Stock Purchase Warrants

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--June 30, 2003--

The Sumitomo Trust & Banking Co., Ltd. (hereinafter, "the Bank")
hereby notifies that the terms and conditions (including the amount to
be paid for one Warrant at its exercise) to be fixed with respect to
the Bank's Stock Purchase Warrants, as announced on June 27, 2003,
were determined as follows on June 30, 2003.

---------------------------------------------------------- --------------------------------------------------------
1. Issuance Date                                           June 30, 2003
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2. Number of Warrants to be Issued                         1,186 (The  number is subject to decrease if any of the
                                                           terms  and   conditions  for   extinguishment   of  the
                                                           Warrants is met.)
---------------------------------------------------------- --------------------------------------------------------
---------------------------------------------------------- --------------------------------------------------------
3. Number and Type of Underlying Shares                    1,186,000  shares of the Bank's common stock (Number of
                                                           shares per Warrant : 1,000)
---------------------------------------------------------- --------------------------------------------------------
---------------------------------------------------------- --------------------------------------------------------
4. Amount to be paid with respect to one (1)               415,000 yen per Warrant  (415 yen per Share)
   Warrant at its Exercise Warrant
---------------------------------------------------------- --------------------------------------------------------
---------------------------------------------------------- --------------------------------------------------------
5. Total Amount of Shares Issued or Transferred            492,190,000 yen
   with the Exercise of the Warrants
---------------------------------------------------------- --------------------------------------------------------
---------------------------------------------------------- --------------------------------------------------------
6. Amount to be allocated in the Bank's Capital            208 yen per Share
---------------------------------------------------------- --------------------------------------------------------
---------------------------------------------------------- --------------------------------------------------------
7. Others                                                  (1)      Date of Board's  resolution  for the  Approval
                                                                at the Shareholders' Meeting : May 23, 2003
                                                           (2)      Date of Approval at the Shareholders'  Meeting
                                                                : June 27, 2003
                                                           (3)      Exercise Period of the Warrant :
                                                                July 1, 2005 - June 30, 2007
---------------------------------------------------------- --------------------------------------------------------

   Short Name: Sumitomo Tst & Bnkg.
   Category Code: MSC
   Sequence Number: 00006491
   Time of Receipt (offset from UTC): 20030630T100353+0100

    --30--KO/uk*

    CONTACT: Sumitomo Trust & Banking

    KEYWORD: JAPAN UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Sumitomo Tst & Bnkg

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