ORIX Corporation (TSE:8591) agreed to acquire a 90% stake in Robeco Group N.V. from Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. for €1.9 billion in cash and stock on February 19, 2013. Under the terms of the agreement, €1.8 billion will be paid in cash and €150 million in treasury shares of ORIX. A further consideration paid in cash depending on results related to asset management business of certain Robeco's subsidiary in each fiscal year 2013 to 2015 after completion of the transaction. Robeco Group NV reported net assets under management of €189 billion and net profit of €197 million for the year ended December 31, 2012.

The transaction is subject to applicable legal and regulatory approval including the clearance required under the competition laws in some countries or regions where it is mandatory, therefore, it is not possible to close the transaction until such approval is obtained and the waiting period expires. The transaction is expected to close in August 2013.

Houlihan Lokey, Inc., Mitsubishi UFJ Morgan Stanley Securities Co., KPMG FAS Co., Ltd. and Goldman, Sachs & Co acted as financial advisors to ORIX Corporation. Allen & Overy LLP (Japan) and David Holdsworth, Hiroya Yamazaki, Pieter Riemer, Jonathan de Lance-Holmes, Peter Bevan, Sarah Parkhouse, Paula Riedel, Will Aitken-Davies, Ben Rodham, Peter Jones, Amar Mann, Edward Lane, Arani Chakrabarty, Oyebola Ajayi, James Jaques, Emma Williamson, Alexandra Beidas, Catrin Llewellyn, David Speakman, Juliette Fisher, Liam McLagan, Rahul Manvatkar, Fangzhu Xu, Cian O'Connor, Fan Wang, Hannah Sullivan, Mike Dankis, James Kanabar, William Robinson and Mike Llewellyn, Kozo Sasaki, Takashi Shibusawa, Kosuke Miyashita, Eriko Sakata and Keiko Midorikawa, Pim Horsten, Olaf Kroon, Gijs Smit, Frederique Shekel, Etiënne Courbois, Anouk Oosterom, Henk Arnold Sijnja, Lotte van den Broek, Wieger ten Hove, Machiel Galjaart, Paul Kreijger, Martijn van Broeckhuijsen, Alexander Harmse, Jurriaan de Zwart, Joris Ravelli, Menno Baks, Linda Hummel, Jaap Kuster and Kate Lalor, Chek-Lhy Alice Luu, Géric Clomes, Marc Perrone and Ngoc-Hong Ma, Paloma Fierro, Laura Palomo and Miguel Prado, Matthew Devey, Annika Juds, Antje-Irina Kurz, Felix Steffen Geiger and Wolfram Krüger, Thorben Eisenbeiß, Bernd Meyring, Katarzyna Tosza, Elke Duden, Tanguy Van Overstraeten, Ronan Tigner, Alana Van Caenegem, Tom De Coster, Guillaume Couneson, Emmanuel-Frédéric Henrion, Diederik Wintershoven, Anne-Sophie Tuffery and Raoul Heinen, Charlotte Demegård, Christopher Kerrigan, Jon Gray, Kitty Leung, Stephen Fletcher, Kevin Marr, Jian Fang, Xiaoying Zhang, Derrick Khoo and Zhirong Zhou, Peter Goes, Yuan Cheng, Nancy Chang and Sally Southwell, Thomas A McGrath, Sarah Lee, Scott Bowie, Justin Storms, Kate Kapych, Paul Alfieri, Ulysses Smith, Kate Machan, Linda Regis-Hallinan, Joseph Pari and Saeed Al Awar of Gaikokuho Kyodo-Jigyo Horitsu Jimusho Linklaters acted as legal advisors for ORIX. ORIX paid an advisory fee of $20 million (€14.9 million) for the transaction. David Sneider of Simpson Thacher acted as legal advisor to Goldman, Sachs & Co.

Ernst & Young Transaction Advisory Services B.V. and Barclays Plc acted as financial advisor for Rabobank. Arne Grimme, Main De Brauw, Rabobank, Arne Grimme, Gaby Smeenk, Michael Schouten and Bernard Spoor of De Brauw Blackstone Westbroek N.V., Gregory S. Rowland, Richard J. Egelhof and Kevin Johannsen, Paul R. Kingsley, Alexander E. Lawrence, Kathleen L. Ferrell, Sarah Joy, Gerard Citera, Zachary J. Zweihorn of Davis Polk & Wardwell LLP, Anderson Mori & Tomotsune acted as legal advisors for Coöperatieve Centrale. JP Morgan acted as financial advisor for Robeco Group. Leonardo & Co. B.V. acted as financial advisor for the supervisory Board of Robeco. Maarten Muller of Allen & Overy acted as legal advisor to Robeco Group in the transaction. Darshika Kothari and Rushabh Maniar of AZB & Partners acted as legal advisors to Robeco. Gruppo Banca Leonardo S.p.A. acted as the financial advisor to the Supervisory Board of Robeco Group N.V. The conversions for advisory fee were made through www.oanda.com on February 19, 2013.