News Release

ORIX Group and Yamanashi Shinkin Bank to Cooperate on
Asset-Based Lending for Commercial Vehicles

Aug 28, 2012

TOKYO, Japan - August 28, 2012 - ORIX Corporation (hereinafter, "ORIX"), a leading integrated financial services group, and ORIX Auto Corporation (hereinafter, "ORIX Auto") announced today the conclusion of a business trust agreement with Yamanashi Shinkin Bank involving asset-based lending (hereinafter, "ABL") using trucks and other commercial vehicles as collateral. From September 3, 2012, Yamanashi Shinkin Bank will begin offering the "Yamanashi Shinkin Truck Collateral Loan."

With the "Yamanashi Shinkin Truck Collateral Loan," Yamanashi Shinkin Bank will provide corporate clients and sole proprietors lending for the purchase of new vehicles or operating capital for a business using currently-owned vehicles as collateral. In the process, ORIX Auto determines the value of commercial vehicles such as trucks and buses by appraising the vehicles and provides a guarantee.

ABL is expected to become more prevalent among companies and sole proprietors in coming years as a new means of procuring funds without the need for land or other real estate as collateral.

Since December 2007, Yamanashi Shinkin Bank has been providing "Shinkin ME Support," an ABL finance product that uses customers' machinery and equipment as collateral and loan support from Shinkin Central Bank. By increasing the fund procurement options available with an expanded lineup of ABL, Yamanashi Shinkin Bank will be better able to meet customers' diverse finance needs.

ORIX has partnerships with 163 financial institutions to provide guarantees for unsecured loans and ABL, and is expanding financial services that capitalize on its credit and collateral valuation know-how. ORIX Auto has sophisticated vehicle expertise, with approximately 960,000 vehicles under management (as of March 31, 2012) and a track record of selling approximately 93,000 used leased and rental vehicles annually.

Going forward, Yamanashi Shinkin Bank and the ORIX Group will continue to provide financial services that respond to a variety of customer needs.

Framework of "Yamanashi Shinkin Truck Collateral Loan"

(1) The customer applies for a loan to Yamanashi Shinkin Bank
(2) Yamanashi Shinkin Bank asks ORIX Auto to guarantee the loan
(3) ORIX Auto responds to Yamanashi Shinkin Bank's request for a guarantee
(4) ORIX Auto determines the collateral for the customer's vehicle (reservation of ownership)
(5) ORIX Auto and the customer sign a guarantee consignment contract
(6) Yamanashi Shinkin Bank extends finance to the customer
(7) ORIX Auto and the customer sign a vehicle management and maintenance service agreement (voluntary)

Overview of "Yamanashi Shinkin Truck Collateral Loan"
Product "Yamanashi Shinkin Truck Collateral Loan"
Eligible businesses Companies or sole proprietors that have been in business for at least one year
Use of funds ■New vehicle
Funds for purchasing a vehicle (Guarantee fee, miscellaneous registration fees and other expenses can be included)
■Existing vehicle
Business capital
Loan amount At least ¥1 million (in ¥10,000 units)
Loan period Up to 7 years
Interest rate Prescribed interest rate of Yamanashi Shinkin Bank (floating rate)
Repayment method Repayment of principal and interest in equal installments
Collateral Truck, bus or other commercial vehicle
Collateral fee ■New vehicle
 Unnecessary
■Existing vehicle
¥10,000 + automobile acquisition tax + automobile tax that will be accrued during the loan period
Guarantor (Company) Representative
(Sole proprietor) Unnecessary
Guarantee charge Guarantee fee depends on the loan amount and term and is paid at loan origination

About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 27 countries and regions worldwide, ORIX's activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more details, please visit our website at: http://www.orix.co.jp/grp/en/

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2011 - March 31, 2012."  

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