Announcement Regarding the Transfer of Internet Research Institute Shares

TOKYO, Japan – February 23, 2011 – ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that it has concluded a share transfer agreement for 100% of its shares of Internet Research Institute, Inc. (IRI, hereinafter).  

1.  Reason for the Share Transfer
IRI Representative Hiroshi Fujiwara proposed a transfer of IRI shares on the belief that a more flexible management strategy is necessary for sustained IRI growth. IRI became a 100% subsidiary of the ORIX Group in November 2007.
ORIX, upon receiving the proposal, decided to transfer the shares under the judgment that the redistribution of management resources to higher growth areas would contribute to increased medium- to long-term corporate value

3.  Outline of Transfer Recipient
Hiroshi Fujiwara (Individual, IRI President)

4.  Date of Share Transfer
Early March 2011 (planned) 

5.  Impact on Performance
No changes have been made to the forecast of ORIX's consolidated business results for the fiscal year ended March 31, 2011 as a result of the transfer.

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: www.orix.co.jp/grp/en