News Release

Announcement Regarding Management Changes

Jun 22, 2011

TOKYO, Japan –June 22, 2011 – ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today made public an announcement regarding management changes.

Changes Effective as of June 22, 2011
New Position Present Position Name
Director and Vice Chairman
Group Corporate Sales
Group Kansai Representative *1
Chairman, ORIX Real Estate Corporation
President, ORIX Baseball Club Co., Ltd.
Chairman, ORIX Auto Corporation		 Director and Deputy President
Group Corporate Sales
Group Osaka Representative
Chairman, ORIX Real Estate Corporation
President, ORIX Baseball Club Co., Ltd.
Chairman, ORIX Auto Corporation		 Hiroaki Nishina
Corporate Senior Vice President
Deputy Head of Domestic Sales
Administrative Headquarters:
Head of Kinki Sales
Group Kansai Deputy Representative *1		 Corporate Senior Vice President
Deputy Head of Domestic Sales
Administrative Headquarters:
Head of Kinki Sales
Group Osaka Deputy Representative		 Eiji Mitani
Changes Effective as of June 29, 2011
New Position Present Position Name
Executive Officer
Investment Banking Headquarters
President, ORIX Wholesale Securities Corporation		 Executive Officer
Investment Banking Headquarters		 Yuichi Nishigori

Group Executive
President, ORIX Asset Management & Loan Services Corporation		 Group Executive
President, ORIX Asset Management & Loan Services Corporation
President, ORIX Wholesale Securities Corporation		 Hisayuki Kitayama

*1 The position of Osaka Group Representative has been renamed Group Kansai Representative

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, trust and 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, 2010 – March 31, 2011."  
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