Announcement Regarding Subscription for Shares of Kyuko-Lease Inc.
- Building a Partnership with Kyudenko for Mutual Expansion -

TOKYO, Japan – November 15, 2011 – ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, announced today that it will promote an alliance with Kyudenko Corporation (hereinafter, “Kyudenko”) as a strategic partner, and that it has agreed to subscribe to new shares issued by Kyuko-Lease Inc. (hereinafter, “Kyuko-Lease”), a wholly-owned leasing subsidiary of Kyudenko, concluding a shareholders’ agreement and a share subscription agreement.

Through this share subscription, ORIX will acquire 90% of Kyuko-Lease’s outstanding shares and Kyudenko will retain the remaining 10%.

Since its establishment in 1944, Kyudenko has expanded its business to include power line and interior wiring construction and air-conditioning ductwork. Responding to changes in the times, Kyudenko has diversified operations into growth areas such as environmental equipment, improved energy efficiency and information and communication technology, while further developing its business into areas such as ecology with disaster prevention systems and wind and solar power systems using natural energy.

Since its establishment in 1988 as a Kyudenko Group company, Kyuko-Lease has been providing services centered on equipment and automobile leasing. Currently, it has locations in all of prefectures of Kyushu (the third largest island of Japan) and Tokyo, where it has established a stable, local customer base. Also, Kyuko-Lease has strong business ties with Kyudenko Group, Kyushu Electric Power Group, and government offices in the Kyushu region.

ORIX will continue to respond to diverse needs by providing its financial services to Kyuko-Lease customers through this share subscription. In addition, ORIX and Kyudenko will seek to further expand their businesses in Kyushu region through a mutual sales platform, combining ORIX’s financial service know-how with Kyudenko’s technological capability and establishing a solid partnership, particularly in the energy and environment-related business.

Going forward, ORIX aims to expand financial services for corporate customers by promoting and strengthening different alliances.

Overview of Kyudenko

Company Name	Kyudenko Corporation
Representative	Koichi Hashida
Established	December 1944
Location	1-23-35 Nanokawa Minami-ku, Fukuoka
Listing	Tokyo Stock Exchange, Fukuoka Stock Exchange
Operations	Integrated facility construction
Website	http://www.kyudenko.co.jp　(In Japanese)

Overview of Kyuko-Lease

Company Name	Kyuko-Lease Inc.
Representative	Kazuo Goto
Established	July 1988
Location	2-10-1 Takasago Chuo-ku, Fukuoka
Offices	8 locations (Main office, Kitakyushu office, Oita office, Miyazaki office, Kagoshima office, Kumamoto office, Nagasaki office, Tokyo office)
Number of Employees	58 (as of October 31, 2011)
Operations	Integrated leasing
Website	http://www.kyuko-lease.co.jp　(In Japanese)

Contact Information
ORIX Corporation, Investor Relations
TEL : +81-3-5419-5042 / Fax : +81-3-5419-5901
URL : http://www.orix.co.jp/grp/en/

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/