About Shinsei Bank
Subsidiaries and Affiliated Companies

Subsidiaries and Affiliated Companies

Major Domestic Subsidiaries*
Name	Location	Main business
Showa Leasing Co., Ltd.	Tokyo, Japan	Leasing
Shinsei Trust & Banking Co., Ltd.	Tokyo, Japan	Trust banking
Shinsei Securities Co., Ltd.	Tokyo, Japan	Securities
Shinsei Investment Management Co., Ltd.	Tokyo, Japan	Investment trust and discretionary investment advising
Shinseigin Finance Co., Ltd.	Tokyo, Japan	Finance
Shinsei Servicing Company (Locally known as Shinsei Servicer)	Tokyo, Japan	Servicing business
Shinsei Property Finance Co., Ltd.	Tokyo, Japan	Real estate collateral finance
APLUS Financial Co., Ltd.	Tokyo, Japan (Tokyo Office)	Holding company
APLUS Co., Ltd.	Tokyo, Japan (Tokyo Office)	Installment credit
APLUS Personal Loan Co., Ltd.	Tokyo, Japan (Tokyo Office)	Finance
Zen-Nichi Shinpan Co., Ltd.	Okayama, Japan	Installment credit
Shinsei Financial Co., Ltd (Link to Japanese website)	Tokyo, Japan	Finance
SHINKI Co., Ltd.	Tokyo, Japan	Financing for individuals and small businesses
Shinsei Information Technology Co., Ltd.	Tokyo, Japan	Information technology

Major Overseas Subsidiaries*
Shinsei International Limited	London, UK	Securities
Shinsei Bank Finance N.V.	Curaçao, Netherlands Antilles	Finance
Shinsei Finance (Cayman), Limited	Grand Cayman, Cayman Island	Finance
Shinsei Finance ll (Cayman), Limited	Grand Cayman, Cayman Island	Finance
Shinsei Finance III (Cayman), Limited	Grand Cayman, Cayman Island	Finance
Shinsei Finance IV (Cayman), Limited	Grand Cayman, Cayman Island	Finance
Shinsei Finance V (Cayman), Limited	Grand Cayman, Cayman Island	Finance

Affiliates Accounted for Using the Equity Method*
Comox Holdings Ltd.	Hamilton, Bermuda	Holding company
Jih Sun Financial Holding Co., Ltd.	Taipei, Taiwan	Finance

*Shinsei Bank bears no responsibility for the websites operated by its subsidiaries and affiliated companies.

Latest Revision: July 5, 2011