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By business segment as of March 31, 2008 Operations in Japan Corporate Financial Services Apr. 1964 Tokyo Sales Headquarters Lending, Leasing, Other Financial Services Kinki (Osaka) Sales Headquarters District Sales Headquarters OQL Headquarters ORIX Alpha Corporation Leasing, Lending Mar. 1972 100% Momiji Lease Corporation Leasing (Mar. 2002) 95% NS Lease Co., Ltd. Leasing, Lending, Other Financial Services (Jul. 2002) 100% ORIX Kitakanto Corporation Leasing, Lending, Other Financial Services (Jan. 2005) 95% ORIX Tokushima Corporation Leasing, Lending, Other Financial Services (Oct. 2005) 95% The Chugin Lease Company Limited Leasing Apr. 1982 30% YAMAGUCHI LEASE CO., LTD. Leasing May 1983 35% Hokugin Lease Co., Ltd. Leasing Jul. 1983 30% Nissay Leasing Co., Ltd. Leasing Mar. 1984 30% The Minato Leasing Co., Ltd. Leasing Jun. 1984 35% The Torigin Leasing Co., Ltd. Leasing Oct. 1984 45% Hyakugo Leasing Company Limited Leasing Oct. 1984 45% Shigagin Leasing Capital Co., Ltd. Leasing May 1985 34% Sengin Sogo Leasing Co., Ltd. Leasing Oct. 1985 29% Kagawagin Leasing Co., Ltd. Leasing May 1986 30% Automobile Operations ORIX Auto Corporation Automobile Leasing & Rentals (May 1973) 100% Rental Operations ORIX Rentec Corporation Test, Measurement, and Sep. 1976 100% IT-Related Equipment Leasing and Rentals ORIX Rentec (Singapore) Pte. Limited (Singapore) Oct. 1995 100% ORIX Rentec (Korea) Corporation (South Korea) Apr. 2001 100% ORIX Rentec (Tianjin) Corporation (China) Aug. 2004 100% Real Estate-Related Finance Real Estate Finance Headquarters Real Estate-Related Finance Apr. 1964 ORIX Trust and Banking Corporation Trust & Banking Services, Housing Loans (Apr. 1998) 100% ORIX Asset Management & Loan Services Corporation Loan Servicing Apr.1999 100% Real Estate Real Estate Business Headquarters Real Estate Development & Management Apr. 1964 ORIX Estate Corporation Golf Course Management (Dec. 1986) 100% BlueWave Corporation Training Facility & Hotel Management Aug. 1991 100% ORIX Interior Corporation Real Estate Leasing, Sales and Manufacture Oct. 1998 100% of Interior Furnishings, and Driving School Management ORIX Real Estate Corporation Real Estate Development & Management Mar. 1999 100% ORIX Facilities Corporation Integrated Facilities Management (Sep. 2001) 100% ORIX Asset Management Corporation REIT Asset Management Sep. 2000 88% ORIX Golf Management Corporation Golf Course Management (Nov. 2004) 100% ORIX Living Corporation Senior Housing Management Apr. 2005 75% Cross Hotels Corporation Management of Cross Hotels Mar. 2006 100% 163

Life Insurance ORIX Life Insurance Corporation Life Insurance Apr. 1991 100% Other Banking Headquarters Banking Apr. 1964 ORIX Insurance Services Corporation Casualty & Life Insurance Agency Sep. 1976 100% ORIX Credit Corporation Card Loans Jun. 1979 100% ORIX Capital Corporation Venture Capital Oct. 1983 100% ORIX Securities Corporation Securities Brokerage & Online Trading (Mar. 1986) 100% ORIX Baseball Club Co., Ltd. Professional Baseball Team Management (Oct. 1988) 100% ORIX Eco Services Corporation Consulting Related to Waste Processing Apr. 1998 100% and Recycling, Environmental Management Support Services ORIX Corporation Alternative Jun. 1999 100% ORIX Resource Recycling Services Corporation Waste Recycling Sep. 2002 100% ORIX M&A Solutions Corporation M&A & Corporate Restructuring Advisory Feb. 2003 100% Services Internet Research Institute, Inc. Consulting and (Nov. 2007) 100% Business Centered on IP Technology ORIX Insurance Planning Corporation Agency Sales & Development of Non-Life Sep. 1999 50% Insurance Products ORIX Headquarter Functions (Not Included in Segment Financial Information) ORIX Computer Systems Corporation Software Engineering & Systems Management Mar. 1984 100% ORIX Create Corporation Coordination of Advertising Activities Jul. 1998 100% ORIX Management Information Center Corporation Accounting & Administrative Services Oct. 1999 100% ORIX Callcenter Corporation Call Center Nov. 1999 100% ORIX Human Resources Corporation Outplacement Services Feb. 2002 100% 164

Overseas Operations The Americas ORIX USA Corporation U.S.A. Corporate Finance Aug. 1981 100% Banking Real Estate Asia, Oceania and Europe Japan Apr. 1964 International Headquarters *1 Administration of Overseas Activities Alternative & Development Ship-Related Services, Aircraft-Related Headquarters *1 Services, Alternative ORIX Asia Limited China (Hong Kong) Leasing, Automobile Leasing Sep. 1971 100% ORIX China Corporation China Leasing Aug. 2005 95% CHINA RAILWAY LEASING CO., LTD. China Railway-Related Leasing (Jan. 2006) 25% ORIX Leasing Singapore Limited Singapore Leasing, Hire Purchase, Factoring Sep. 1972 50% ORIX and Management Private Limited Singapore Equity May 1981 100% ORIX CAR RENTALS PTE. LTD. Singapore Automobile Leasing & Rentals, Hire Purchase Sep. 1981 45% ORIX Capital Resources Limited Singapore Ship Finance Nov. 1997 100% ORIX Ship Resources Private Limited Singapore Ship Finance Nov. 1997 100% ORIX Maritime Corporation *1 Japan Ship-Related Services Nov. 1977 100% ORIX Leasing Malaysia Berhad Malaysia Leasing, Lending, Hire Purchase Sep. 1973 100% ORIX Car Rentals Sdn. Bhd. *2 Malaysia Automobile Rentals Feb. 1989 35% ORIX Auto Leasing Malaysia Sdn. Bhd. Malaysia Automobile Leasing Oct. 2000 100% PT. ORIX Indonesia Finance *3 Indonesia Leasing, Automobile Leasing Apr. 1975 96% ORIX METRO Leasing and Finance Corporation Philippines Leasing, Automobile Leasing, Loans Jun. 1977 40% ORIX Auto Leasing Philippines Corporation Philippines Automobile Leasing Sep. 1989 40% Thai ORIX Leasing Co., Ltd. Thailand Leasing Jun. 1978 49% ORIX Auto Leasing (Thailand) Co., Ltd. *4 Thailand Automobile Leasing & Rentals (Aug. 2001) 85% Acap Advisory Public Company Limited Thailand Banking, Asset (Nov. 2007) 20% Management, Loan Servicing Lanka ORIX Leasing Company Limited Sri Lanka Automobile Leasing, Hire Purchase Mar. 1980 30% ORIX Taiwan Corporation Taiwan Leasing, Hire Purchase Oct. 1982 95% ORIX Auto Leasing Taiwan Corporation Taiwan Automobile Leasing Mar. 1998 100% ORIX Taiwan Asset Management Company Taiwan Loan Servicing Oct. 2004 95% ORIX Capital Korea Corporation Korea Automobile Leasing, Leasing, Hire Purchase, Loans Feb. 2004 100% ORIX Leasing Pakistan Limited Pakistan Leasing, Automobile Leasing Jul. 1986 50% ORIX Bank Pakistan Limited Pakistan Banking, Securities Brokerage Jul. 1995 40% ORIX Properties Pakistan Private Ltd. Pakistan Real Estate Development and Management Mar. 2007 67% INFRASTRUCTURE LEASING & India Commercialization of Infrastructure Projects, (Mar. 1993) 23% FINANCIAL SERVICES LIMITED Banking, Corporate Finance ORIX Auto Infrastructure Services Limited India Automobile Leasing Mar. 1995 48% IL&FS Education & Technology Services Limited India Education Related Services (Aug. 2000) 28% Oman ORIX Leasing Company SAOG Oman Automobile Leasing, Hire Purchase, Factoring Jul. 1994 24% ORIX Leasing Egypt SAE Egypt Leasing Jun. 1997 34% Saudi ORIX Leasing Company Kingdom of Leasing, Automobile Leasing Jan. 2001 25% Saudi Arabia MAF ORIX Finance PJSC U.A.E. Leasing Apr. 2002 38% ORIX Australia Corporation Limited Australia Leasing, Automobile Leasing & Rentals Jul. 1986 100% ORIX New Zealand Limited New Zealand Leasing, Automobile Leasing & Rentals Aug. 1988 100% ORIX Ireland Limited Ireland Corporate Finance, Accounting & Administrative Services May 1988 100% ORIX Aviation Systems Limited Ireland Aircraft Leasing Mar. 1991 100% ORIX Aircraft Corporation *1 Japan Aircraft Leasing May 1986 100% ORIX Polska S.A. Poland Leasing, Automobile Leasing Oct. 1995 100% BTA ORIX Leasing JSC Kazakhstan Leasing, Factoring (Jun. 2005) 40% *1 s International Headquarters and Alternative & Development Headquarters as well as ORIX Maritime Corporation and ORIX Aircraft Corporation are based in Japan and are engaged in business activities centered on the Asia, Oceania and Europe region. However, a portion of those units business involves domestic assets, and within segment information these domestic assets are included within the Other business category. *2 Percentage of voting rights is 100%. *3 Percentage of voting rights is 85%. *4 Percentage of voting rights is 70%. 165

Network In Japan ORIX s extensive network in Japan includes 1,181 locations. The number of offices in each region is indicated in parentheses. 1 HOKKAIDO (78) ORIX (4) ORIX Auto (69) 2 TOHOKU (83) 2 1 ORIX (7) ORIX Auto (71) 3 TOKYO (156) 9 7 8 6 5 3 4 ORIX (17) ORIX Auto (86) NS Lease (1) ORIX Rentec (5) ORIX Trust and Banking (7) ORIX Asset Management(2) & Loan Services ORIX Asset Management (1) BlueWave (5) ORIX Golf Management (1) ORIX Living (1) ORIX Life Insurance (6) ORIX Insurance Services (1) ORIX Credit (2) ORIX Capital (1) ORIX Securities (2) ORIX Eco Services (1) ORIX Interior (1) ORIX (1) ORIX M&A Solutions (1) Internet Research Institute (1) ORIX Computer Systems (3) ORIX Create (1) ORIX Management Information Center (1) ORIX Human Resources (1) ORIX Maritime (1) ORIX Aircraft (1) ORIX USA Corporation(1) 4 KANTO (287) ORIX (11) ORIX Kitakanto (6) ORIX Auto (235) ORIX Rentec (8) ORIX Trust and Banking (1) BlueWave (2) ORIX Golf Management (12) ORIX Living (5) ORIX Resource Recycling Services (2) 5 CHUBU (155) ORIX (14) ORIX Auto (120) ORIX Rentec (4) ORIX Facilities (3) ORIX Golf Management (8) ORIX Life Insurance (3) 6 KINKI (159) ORIX (9) ORIX Alpha (2) ORIX Auto (99) NS Lease (1) ORIX Rentec (2) ORIX Trust and Banking (1) ORIX Asset Management & Loan Services (1) ORIX Estate (1) BlueWave (3) ORIX Interior (4) ORIX Facilities (5) ORIX Golf Management (10) ORIX Living (5) ORIX Life Insurance (4) ORIX Credit (1) ORIX Capital (1) ORIX Baseball Club (6) ORIX Eco Services (1) ORIX Human Resources (1) 7 CHUGOKU (62) ORIX (4) ORIX Auto (47) Momiji Lease (2) ORIX Golf Management (3) 8 SHIKOKU (34) ORIX (3) ORIX Tokushima (1) ORIX Auto (28) 9 KYUSHU (167) (incl. OKINAWA) ORIX (8) ORIX Auto (143) ORIX Rentec (2) ORIX Trust and Banking (2) ORIX Asset Management & Loan Services (2) BlueWave (2) ORIX Callcenter (2) ORIX Golf Management (3) 166

Overseas Network ORIX has a global network outside of Japan that spans 25 countries worldwide. ORIX has 289 locations throughout the United States, Asia, Oceania, Europe, the Middle East, and Northern Africa. The number of offices in each region is indicated in parentheses and includes both subsidiaries and affiliates. 1 2 3 4 5 9 10 11 12 6 7 8 13 19 14 24 23 20 15 16 17 18 25 21 22 1 Ireland (2) 8 India (45) E South Korea (4) K Australia (18) ORIX Ireland Limited (1) ORIX Aviation Systems Limited (1) 2 England (1) 3 France (1) 4 Germany (1) 5 Poland (8) ORIX Polska S.A. (8) 6 Kazakhstan (13) BTA ORIX Leasing JSC (13) 7 Pakistan (43) ORIX Leasing Pakistan Limited (41) ORIX Bank Pakistan Limited (1) ORIX Properties Pakistan Private Ltd. (1) INFRASTRUCTURE LEASING & FINANCIAL SERVICES LIMITED (5) ORIX Auto Infrastructure Services Limited (32) IL&FS Education & Technology Services Limited (8) 9 Egypt (2) ORIX Leasing Egypt SAE (2) = Saudi Arabia (4) Saudi ORIX Leasing Company (4) A United Arab Emirates (3) MAF ORIX Finance PJSC (3) B Oman (5) Oman ORIX Leasing Company SAOG (5) C Sri Lanka (23) Lanka ORIX Leasing Company Limited (23) D China (8) ORIX Rentec (Tianjin) Corporation (3) ORIX China Corporation (4) CHINA RAILWAY LEASING CO., LTD. (1) ORIX Rentec (Korea) Corporation (2) ORIX Auto Leasing Korea Corporation (2) F China (Hong Kong) (1) ORIX Asia Limited (1) G Taiwan (9) ORIX Taiwan Corporation (4) ORIX Auto Leasing Taiwan Corporation (4) ORIX Taiwan Asset Management Company (1) H Philippines (39) ORIX METRO Leasing and Finance Corporation (25) ORIX Auto Leasing Philippines Corporation (14) I Thailand (5) Thai ORIX Leasing Co., Ltd. (1) ORIX Auto Leasing (Thailand) Co., Ltd. (3) Acap Advisory Public Company Limited (1) J Indonesia (8) PT. ORIX Indonesia Finance (8) ORIX Australia Corporation Limited (18) L New Zealand (5) ORIX New Zealand Limited (5) M Singapore (6) ORIX Leasing Singapore Limited (1) ORIX and Management Private Limited (1) ORIX CAR RENTALS PTE. LTD. (1) ORIX Rentec (Singapore) Pte. Limited (1) ORIX Capital Resources Limited (1) ORIX Ship Resources Private Limited (1) N Malaysia (20) ORIX Leasing Malaysia Berhad (15) ORIX Car Rentals Sdn. Bhd. (4) ORIX Auto Leasing Malaysia Sdn. Bhd. (1) O USA (15) ORIX USA Corporation (15) 167