August 26, 2008
The Norinchukin Bank

Capital Adequacy Ratio reports for fiscal first quarter
ended June 30, 2008

The Norinchukin Bank (the “Bank”) hereby announces quantitative disclosure, which is
based on Article 81-6 of the Norinchukin Bank Law，Article 116-2 of the Implementation ordinances of the Norinchukin Bank Law，and Article 5 of the Notification No.6 of the Financial Services Agency and the Ministry of Agriculture, Forestry and Fisheries, as follows. ○
Non-Consolidated Capital Adequacy Ratio （based on Basel II）
(Amounts less than 100 million yen and digits after decimal point presented are rounded down)
（
100Millions of Yen） （100Millions of Yen）

FY2008 Q1
As of June 30, 2008

FY2007
ended March 31,2008
Capital Adequacy Ratio（％） Tier I ratio（％） Total capital Total Tier I capital Total regulatory required capital
11.94
8.84
39,271 29,072 26,301

12.55
9.37
40,409 30,198 25,758
Risk-weighted assets
328,767

321,979
○
Consolidated Capital Adequacy Ratio （based on Basel II）
FY2008 Q1
As of June 30, 2008

FY2007
ended March 31,2008
Capital Adequacy Ratio（％） Tier I ratio（％） Total capital Total Tier I capital Total regulatory required capital
11.90
8.84
39,407 29,268 26,472

12.47
9.39
40,388 30,408 25,906
Risk-weighted assets
330,901

323,828

(Note) The calculation of the Bank's Consolidated and Non-Consolidated Basel II Capital Adequacy
Ratios are based on the formula found in Notification No.4 of the Financial Services Agency and the Ministry of Agriculture, Forestry and Fisheries (Standards for Judging the Soundness of Management of the Norinchukin Bank) issued in 2006 which came into effect from the fiscal year ended March 31, 2007.
The Norinchukin Bank Head Office Contact Information 13-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo 100-8420, Japan URL: http://www.nochubank.or.jp