SMFG Independent Auditors’ Report To the Board of Directors of Sumitomo Mitsui Financial Group, Inc.: We have audited the accompanying consolidated balance sheets of Sumitomo Mitsui Financial Group, Inc. (“SMFG”)  and subsidiaries as of March 31, 2011 and 2010, and the related consolidated statements of income, changes in net  assets and cash flows for the years then ended, and the consolidated statement of comprehensive income for the year  ended March 31, 2011 expressed in Japanese yen. These consolidated financial statements are the responsibility of  SMFG’s management. Our responsibility is to independently express an opinion on these consolidated financial state- ments based on our audits. We conducted our audits in accordance with auditing standards generally accepted in Japan. Those standards require  that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of  material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures  in the financial statements. An audit also includes assessing the accounting principles used and significant estimates  made by management, as well as evaluating the overall financial statement presentation. We believe that our audits  provide a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the  consolidated financial position of SMFG and subsidiaries as of March 31, 2011 and 2010, and the consolidated  results of their operations and their cash flows for the years then ended, in conformity with accounting principles  generally accepted in Japan. Additional Information: As discussed in Note 37 to the consolidated financial statements, SMFG acquired and cancelled its 1st series Type 6  preferred stock on April 1, 2011, based on a resolution at the meeting of the Board of Directors held on February 28,  2011. The consolidated financial statements as of and for the year ended March 31, 2011 have been translated into United  States dollars solely for convenience of the readers. We have recomputed the translation, and, in our opinion, the  consolidated financial statements expressed in Japanese yen have been translated into United States dollars on the  basis set forth in Note 1 to the consolidated financial statements. SMFG  2011 139 Tokyo, Japan June 29, 2011