News Release

Announcement Regarding Management Changes

Mar 22, 2011

 TOKYO, Japan – March 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 April 1, 2011
New Position Present Position Name
Director
Representative Executive Officer
Deputy President and Chief Financial
Officer
Corporate Planning Department
Corporate Communications Department		 Director
Representative Executive Officer
Deputy President and Chief Financial
Officer
Corporate Planning Department
Corporate Communications Department
Financial Control Headquarters		 Haruyuki Urata
Corporate Executive Vice President
Treasury Headquarters*		 Representative Executive Vice President
and CFO, The Fuji Fire and Marine Insurance Co., Ltd.		 Shintaro Agata
Executive Officer
Investment Banking Headquarters		 Executive Officer
Financial Control Headquarters		 Yuichi Nishigori
Executive Officer
Accounting Headquarters*
President, ORIX Management Information Center Corporation		 Executive Officer
Financial Control Headquarters
President, ORIX Management Information Center Corporation		 Takao Kato
Group Executive
President, ORIX Asset Management &
Loan Services Corporation
President, ORIX Wholesale Securities Corporation		 Executive Officer
Investment Banking Headquarters
President, ORIX Asset Management &
Loan Services Corporation
President, ORIX Wholesale Securities
Corporation		 Hisayuki Kitayama

* Financial Control Headquarters will be abolished, and Treasury Headquarters and  Accounting Headquarters will be established on April 1, 2011.

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 26 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-related finance, real estate, life insurance, and investment banking. For more details, please visit our website at: 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, 2008 – March 31, 2009."
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