News Release

Hotel Rebranded as Unazuki Suginoi Hotel on March 14
Buffet Restaurant “Seeds” to Open on April 10
Open Kitchen Style Restaurant Features Fresh Seafood Procured Directly from Uozu Fishing Port’s Morning Market

Jan 27, 2015

TOKYO, Japan - January 27, 2015 - ORIX Real Estate Corporation ("ORIX Real Estate"), a subsidiary of ORIX Corporation (TSE: 8591, NYSE: IX), acquired the Unazuki New Otani Hotel in Unazukionsen, Kurobe City, Toyama Prefecture, and started operations in June 2014. ORIX Real Estate announced today that the Unazuki New Otani Hotel will open under the new brand Unazuki Suginoi Hotel starting from March 14, 2015, which is the date that the new Hokuriku Shinkansen train line commences operation. At the same time, the entrance lobby, reception area, and cafe lounge KEYAKI will reopen following a short period of renovation. Moreover, Seeds, a buffet-style restaurant within the hotel, will open on April 10.

The current Unazuki New Otani Hotel first opened in 1970 as a resort hotel located in the Unazuki-hot spring area. This area, while being the starting point for the Kurobe Gorge train, attracts large numbers of tourists by offering stunning views along the Kurobe Gorge. Visitors to the area can also enjoy natural hot springs baths, which are believed to enhance beautiful skin, and savor delicious seafood from Toyama Bay.

Accompanying the rebrand opening on March 14, the entrance lobby and reception areas will be renovated with a new lighting arrangement that supplements the superb view of the Kurobe Gorge. These areas form a modern space with a fusion of traditional Japanese materials: etchu Japanese paper and yosegi wooden mosaics. The former restaurant and lounge cafe Keyaki will be renovated into a new cafe lounge KEYAKI, featuring large wooden shelves of books modeled on a truss bridge, and a large stone-built table. The result is a unique space that provides a panoramic view of the Shin-Yamabiko Bridge, a symbol of the Unazuki area and the Kurobe River. In addition, a grand opening of the new buffet-style restaurant Seeds, where the former banquet hall "Nihonkai" was located, will take place on April 10. It will be the main restaurant that serves breakfast and dinner. Guests will be able to enjoy delicious seafood procured directly from Uozu fishing port's morning market. The restaurant features an open kitchen, together with a buffet-style array of some 80 dishes, prepared from fresh local vegetables and other choice ingredients.

Based on the established quality and service level of Beppu Suginoi Hotel, by incorporating additional new charms of Unazuki Suginoi Hotel, ORIX Real Estate strives to create a facility that, while carrying on the traditions of the former hotel, allows all customers to enjoy and deepen their appreciation towards the attractions of the Hokuriku region.

Contact Information:
ORIX Corporation
Corporate Planning Department
Tel: +81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 35 countries and regions across the world. ORIX celebrates its 50th anniversary in 2014 and moving forward it aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy "Finance + Services." For more details, please visit our website: http://www.orix.co.jp/grp/en/

Caution Concerning Forward Looking Statements:
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, 2013 - March 31, 2014."

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