ORIX Announces Capital Tie-Up Agreement with JCB.

Tokyo, Japan, July 14, 2006 - (JCN Newswire) - ORIX Corporation (ORIX; TSE: 8591; NYSE: IX), a leading integrated financial services group, announced today that it has reached an agreement with JCB Co., Ltd. (JCB), to make a capital tie-up and exchange employees with the aim of promoting cooperation between both companies.

ORIX plans to purchase about 5% of the outstanding shares of JCB from existing shareholders in the near future making it the fifth largest shareholder (and largest non-bank shareholder of JCB). In addition, ORIX also plans to send general manager level staff to JCB in August 2006 to promote employee exchange.

In August 2005, ORIX and JCB concluded a comprehensive business tie-up with the aim of expanding and strengthening business and improving customer services and up until now we have promoted business tie-ups and examined the possibilities for further tie-ups in each business field. As a result, we have come to the conclusion that there are more possibilities for business cooperation than was first expected. ORIX and JCB are looking to further deepen our relationship through this agreement and we will look to create a new business model and develop services that mutually leverage each of our strengths.

Business Areas to be Strengthened in the Future

1. Cooperation in the Settlement Service for B-to-B

- Provision of settlement services that combines the strength of ORIX's large-lot settlement services with JCB's small-lot settlement services as well as the strengthening of the associated cooperative marketing system.

2. Issuance of Affiliated Credit Cards

Corporate Customers

- Issuance of "ORIX JCB Credit Card (tentative name)" Corporate Purpose Credit Card.

- To meet the various settlement needs of corporate customers such as corporate funding and payments for business trips and travel expenses, areas where the - Provision of unique services that utilize the vehicle management know-how and network of ORIX Auto Corporation and convenience of settling lease payments for - In the future, provision of supplementary services specific to corporate needs to be jointly developed by ORIX with JCB for our respective customers.

Retail Customers

- Issuance of credit cards that can be used to pay maintenance fees and parking charges and that have special services for inhabitants of condominiums built by ORIX Real Estate Corporation.

- In the future, provision of credit cards with highly convenient services with functions that allow for the usage of vehicles from CEV Sharing Corporation (http://www.cev-sharing.com/) and JCB's QuicPay system that can be used for payments at surrounding affiliated stores.

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3. Joint Business Promotion Overseas

- Joint business promotion of credit card operations overseas (mainly Asia and the Middle East) making full use of the ORIX Group's overseas network that includes 22 countries and regions outside of Japan.

About ORIX Corporation

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 24 countries and regions worldwide, ORIX's activities include leasing, corporate and consumer finance, real estate-related finance and development, life insurance, and investment banking. For more details, please visit our web site at: www.orix.co.jp/grp/index_e.htm

Source: ORIX Corporation

Contact:

Corporate Communications
Raymond Spencer
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URL: www.orix.co.jp/index_e.htm

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