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Ties a wholly-owned subsidiary of MUFG Tokyo, March 28, 2007 --- Mitsubishi UFJ Financial Group, Inc. (MUFG) and Mitsubishi UFJ Securities Co., Ltd. (MUS) announced today that MUFG and MUS have signed a share exchange agreement to make MUS a wholly-owned subsidiary of MUFG through a share exchange transaction (the Share Exchange ), each company having received the approval of their respective board of directors at meetings held today. On August 29, 2006, the companies signed a basic agreem.

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