News Release

Consolidation of Japan’s First Medical Vehicle Rental Company
- Enhancement/Expansion of Financial Services Targeting Medical Institutions -

May 02, 2013

TOKYO, Japan - May 2, 2013 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, announced today that it has completed subscription of all shares of FREEILL CORPORATION (hereinafter, "FREEILL"). Going forward, FREEILL will expand its business as a member of ORIX Group.

In 1992, FREEILL was established as the first rental company in Japan handling medical vehicle, a specialty vehicle equipped with medical equipments. FREEILL has a unique business model, which allows the company to provide its services at a necessary location, period, and time. Examples of services include General Rental, which rents out vehicles equipped with CT and MRI equipments based on the demands from medical institutions, Replacement Rental, which is used during the downtime for renewal of customer-owned equipments, and Health Check Service for corporate employees. The company has been making an active business expansion, characterized by the development of Japan's first medical vehicle equipped with helical CT in 1995, the completion of medical vehicle with the world's smallest 1.5 tesla superconducting MRI (Magnetic Resonance Imaging) in 2000, and the development of medical vehicle equipped with digital mammograms in 2012.

ORIX has sales teams specializing in the medical industry within its domestic sales headquarters, which offer leasing and financing of medical equipments to medical institutions nationwide. Furthermore, ORIX has a number of track records and network in the medical industry as a Group. For example, ORIX Rentec is able to offer rental services for wide-ranging medical equipments such as ventilators and ultrasonic surgical apparatus.

In addition to these existing businesses, ORIX aims for further expansion of business domain by providing FREEILL's knowhow and services through its nationwide sales network and customer base, expanding business in growth areas such as Health Check Service, developing new types of medical vehicles other than CT and MRI equipped vehicles, and enhancing cooperation with medical equipment manufacturers.

■ Overview of FREEILL
Company Name FREEILL CORPORATION
Representatives Masayuki Hirakawa (Appointed Chairman and Representative Director on May 2, 2013)
Hiroyuki Yoshino (Appointed President and Representative Director on May 2, 2013)
Established June 1992
Location 46-2 Asahimachi, Takasaki-shi, Gunma Prefecture
Sales Locations 8 locations (The Headquarters, Isesaki-shi, Gunma Prefecture, Tsuchiura-shi,
Ibaraki Prefecture, Machida-shi, Tokyo, Saitama-shi, Saitama Prefecture,
Miyoshi-shi, Aichi Prefecture, Okayama-shi, Okayama Prefecture, Miyaki-gun,
Saga Prefecture)
Number of Employees 35 (as of April 30, 2013)
Business Medical equipment rental
URL http://www.freeill.co.jp/index.htmlOpen Link in New Window(In Japanese)

Contact Information
ORIX Corporation, Corporate Planning Department
TEL : +81-3-3435-3121 / Fax : +81-3-3435-3154
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 28 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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