News Release

Announcement Regarding Management Changes and Organizational Reform

Aug 31, 2011

TOKYO, Japan – August 31, 2011 – ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today made public an announcement regarding management changes and organizational reform.

Changes Effective as of September 1, 2011
New Position Present Position Name
Corporate Senior Vice President
Head of Investment & Operation Headquarters*		 Corporate Senior Vice President
Head of Investment Banking Headquarters		 Mitsuo Nishiumi
Executive Officer
Acting Head of Investment & Operation Headquarters*
President, ORIX Wholesale Securities Corporation		 Executive Officer
Deputy Head of Investment Banking Headquarters
President, ORIX Wholesale Securities Corporation		 Yuichi Nishigori
Group Executive
President, ORIX Investment Corporation		 Group Executive
President, ORIX Asset Management & Loan Services Corporation		 Hisayuki Kitayama

*The Investment Banking Headquarters and Energy and Eco Services Business Headquarters will be consolidated into a new division called the Investment & Operation Headquarters on September 1.

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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