<SEC-DOCUMENT>0001193125-12-383745.txt : 20120907
<SEC-HEADER>0001193125-12-383745.hdr.sgml : 20120907
<ACCEPTANCE-DATETIME>20120907061133
ACCESSION NUMBER:		0001193125-12-383745
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120907
FILED AS OF DATE:		20120907
DATE AS OF CHANGE:		20120907

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ORIX CORP
		CENTRAL INDEX KEY:			0001070304
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14856
		FILM NUMBER:		121078396

	BUSINESS ADDRESS:	
		STREET 1:		MITA NN BLDG.
		STREET 2:		4-1-23 SHIBA, MINATO-KU
		CITY:			TOKYO
		STATE:			M0
		ZIP:			105 6135
		BUSINESS PHONE:		81354195000

	MAIL ADDRESS:	
		STREET 1:		MITA NN BLDG.
		STREET 2:		4-1-23 SHIBA, MINATO-KU
		CITY:			TOKYO
		STATE:			M0
		ZIP:			105 6135
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d408100d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE
COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>WASHINGTON, D.C. 20549 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 6-K </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>REPORT OF
FOREIGN PRIVATE ISSUER </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Rule 13a-16 or 15d-16 OF </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THE SECURITIES EXCHANGE Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>For the month of Sep 2012. </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>ORIX
Corporation </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Translation of Registrant&#146;s Name into English) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Mita NN Bldg., 4-1-23 Shiba, Minato-Ku, Tokyo, JAPAN </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of Principal Executive Offices) </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Indicate by
check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form 20-F&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </FONT></P> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc"></A>Table of Documents Filed </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Page</B></FONT></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#fs408100_1">English press release entitled, &#147;Announcement Regarding Management Changes and Organizational Reform&#148; </A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ORIX Corporation</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: Sep 7, 2012</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Haruyuki Urata</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Haruyuki Urata</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deputy President &amp; CFO</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">ORIX Corporation</FONT></P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR>
<TD VALIGN="top">


<IMG SRC="g408100tx_pg01.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A NAME="fs408100_1"></A>September&nbsp;7, 2012</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>FOR IMMEDIATE RELEASE </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Contact Information: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ORIX Corporation </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Corporate Planning Department </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Tel: +81-3-5419-5042 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Fax: +81-3-5419-5901 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">URL: http://www.orix.co.jp/grp/en/ </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>Announcement Regarding Management Changes and Organizational Reform </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">TOKYO, Japan
&#151; September&nbsp;7, 2012 &#151; ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today made public an announcement regarding management changes and organizational reform. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>New Position</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Present Position</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name</B></FONT></P></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Changes Effective as of Sep 10, 2012</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director and Corporate Executive Vice President</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Responsible for Investment&nbsp;&amp; Operation Headquarters</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director and Corporate Executive Vice President</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Head of Domestic Sales Administrative Headquarters</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, ORIX Rentec Corporation</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, ORIX Auto Corporation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Kazuo Kojima</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Corporate Executive Vice President</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Head of Domestic Sales Administrative Headquarters</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Head of Tokyo Sales</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, ORIX Rentec Corporation</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, ORIX
Auto Corporation</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">President, NS Lease Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Corporate Senior Vice President</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deputy Head of Domestic Sales Administrative Headquarters: Head of District Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Katsutoshi Kadowaki</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Corporate Executive Vice President</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Head of Global Business and Alternative Investment Headquarters</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Regional Director for
China</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, ORIX USA Corporation</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Special Advisor to CEO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yuki Ohshima</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Officer <U></U></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Domestic Sales Administrative</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Headquarters:
General Manager, Overseas New Business Development and Promotion Department</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Officer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Head of
Global Business Administrative Headquarters</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hideo Ichida</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Officer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Domestic
Sales Administrative</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Headquarters: Head of District Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Officer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Domestic
Sales Administrative</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Headquarters: Head of Tokyo Sales</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">President, NS Lease Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yasuyuki Ijiri</FONT></P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Organizational Reforms (as of September&nbsp;10, 2012) </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Global Business Administrative Headquarters and Global Business and Investment Headquarters will be merged, forming the Global Business and
Alternative Investment Headquarters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Korea Business Division will be newly established in the Global Business and Alternative Investment
Headquarters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">An Overseas New Business Development and Promotion Department will be newly established in the Domestic Sales Administrative
Headquarters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">An Overseas Business Development and Investment Group will be newly established in the Investment and Operation Headquarters.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>About ORIX </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">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 28 countries and regions worldwide,
ORIX&#146;s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more details, please visit our website at:
http://www.orix.co.jp/grp/en/ </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">These documents may contain forward-looking statements about expected future events and financial results that
involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors
that could cause such a difference include, but are not limited to, those described under &#147;Risk Factors&#148; in the Company&#146;s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under &#147;4.
Risk Factors&#148; of the &#147;Summary of Consolidated Financial Results&#148; of the &#147;Consolidated Financial Results April&nbsp;1, 2011&#150;&nbsp;March&nbsp;31, 2012.&#148; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-end- </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g408100tx_pg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g408100tx_pg01.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`70!0`P$1``(1`0,1`?_$`+````(#`0$!`0``````
M``````@)``<*!@4$`P$``00#`0$```````````````,$!@<!!0@""1````8"
M`0,#`P(#!0D!`````0(#!`4&!P@)`!$2$Q05(3$B%A=!)`I1,D(C&&$S0U,E
MMB=X.AD1``$#`@4!!@,%`PD(`P````$"`P01!0`A$@8',4%Q(A,4"%%A@9$R
M0B,54F*"\+%RHC,D)187H<'ALE,T=#?"0S7_V@`,`P$``A$#$0`_`-_'1@Q.
MC!B=&#$Z,&)T8,3HP8\R9FX:NQKJ8L$O&040Q3%9[*S+]K&1K-(H=S*NGSU5
M!JW3*`?4QS``=8)"14F@PZA09MRE(A6YEV1-<-$MMH4M:C\$I2"HGY`'"T,V
M\R7'EA!XM"/<]163K>1P9FA3,'QS[*\V\>E\@]F@]K":]62="<OB!%Y%$?+Z
M=,'KI!9.@N!3@_"GQ*^P5..G]B^RSW&[\9$YC;[MJLY3J,FZ+3`:2G]HH?(D
M%-,ZH95EG@;0Y'.0K8KQ0TPXU+M!5]]ZOQ^6-N)Y#&->]N;N5&12I@.8B0DF
M_;\P]I*.A-]``@](^NG/?]I'('87#I!'<*J^T#%FGVT^W/C;\SFWD^#(N+=-
M=OV\T9SU>U!DZ7$(5V?F,-@9U(Q]F):IO&UV.P[,[O\`)7@VJ2REG34@M-L&
ML(&$0R%)*QDB9*KR#V4<0%WG63<HBNH0[623$6X#YAV`P#2)GJ$*ER$#Q9-I
M`&K(Y$DDFG7*G3/+#?>-VX'=XSO4'@GC"_3(8BD.[CNBG73$0%H!?2AL/16E
M')((<8/C/A/W</(ZVV.$<3HP8G1@P+&<=W]1M;45SYMV&Q90GC<#B>!D+2Q?
MVP_IE\C%0I\*:3M+DW;[`FS-W'IN_+BQ@5/N)2!\2,6QL/@KF'DY:1L7;EVN
M#"J?G(84B.*_&2[H83]7!A<CKFSK&49!:!TDU`VCV^D@]9)*R05)=8_QF58H
M^"2CNXV!H_=,6PG$!,9RP;@!>_U#I@;LEPTB-.O$'L&D=]54!'=7'2K7L:NN
MU(XG\Z;RVILV-D2R[)3+G4ZD)C-*0E9IT#;R\^S'Y*Q_.CLLD?W$OK+Q_4]^
M@`%;QJ)\WY?;MUQ$1!5RJ$W3B/$D3!^22D>H4P?X1Z*7A_,EIA%?FLD=^0!^
MAQ[1(]A7&"AY;.Z.1+TVKJL_IEN41\`/*DZ2>Q0>!![1CC+QP_8;B*1><[;\
M;,;2[J'QI3K'D.P0MJR`]J=)4CZ=!O;#)-(&GQDN5=B=9O'&(@D69;H";Q`?
M$!$0PJUM!!=FN.O%()-30$4Z:11)^N-U8O>7O:7?8&P/;WM?:FQQ=)K,-EUB
M(F1)UR74LH4](6WI6`5@J48JUTJ14X'K5K+V;,B4Z*LG%#Q+8/P7CB<3?(0.
MQF?IRNQXR96+]S#NGR+>"%*^6$&#YDJD<Y)24)ZR1RCY"`]-XSKJVTFV14-L
M_M*(&7Q2$U)[C3%C<K[.V-MN]/6SW<\OWV_[E8*"[9K2T\OR]:$NA)+M8C.M
M"DJ`+$<Z5`Y5&/USU4,LM".U^2_FTK6'(=8@?(X*U0^,HTJHB!04<QA%8<I;
M_+(]OP_F81Z)_P")AZ'TN)&JY3`A`ZA%$`CX&M55^8(QXX^O&T'5(1[8.#)5
M[F)/@NM_URFZ]$K(<)B-GM\$IJG8!CP]`'/&6CLOC-MICIKM#GRU+V9P:5W2
MRI"VQ_5Z"8(R0(XMRL[97)&+9TL3NB`DB(Q8QE^Q3=_H/F$+<)*/2LN..`D>
M:H$Z<B:ZE9D'IX:]?AA][B&O=$OB^Z.\V[UVIMZU)C`-[:@NQT/R_&DB.&F1
MK4D'Q4,E]("<Q3/#7MIN6K4W57)$EA&=6R5E#.\6WCEG.'L/8[G+?:T3S,8T
MEX=!P[6)%5Y)20CI!!8I"/%52IJE$2=_IULY%RBQG/)45*?%/"E)4<^E:#H:
M'/')'$_M!Y>Y;VRUONWIMEJV`ZI8%QN,QJ.P0VM3;A"07'J(6A:22TE)*317
M;@8AW+Y;]D@.CK%Q_P!?UVJCY)/V>3-P;>JQDTFZX]R/T\<Q80<\V4*D(&`H
MMY)/Z_7RZ;^JN;^4=@-I^+AS^1`%:]Q(Q:7^BGL]XSHOE/D21N2[-DZH6W8X
M4@D?@,Q?FLJ%<B=;"N[`>YVI+N/*\5Y0^;P\&@H<5977_55[&T<ADDB=UHE2
M,I[1_;)9`PB*8"[KWF/E]5._UZ:O(*0%7.9I'0I11`/_`,J]Q&+GV#?6I&A/
MM6X*#ZP*-W>_)7*S)R<"Y"D1VU=OY<VF62>S%.86L^AD,]`O'7Q(YPW9N2*A
ME6V:LXP#W]$K21S^*<JM:\DDLT0Q[J#YB8(^(,/E]R_P395"2JL&*XZ[T*U#
M^=2\U#[?YL33?%K]P,UDGW)<PV+8UE(`-LM;J?5!`ZMB/#\AU>67]M)&0R.&
M)-<7\W6P3-&'GLKZS<>M#7:^$?3,0UQ').26,8D!`,@1ZNI(P;$R/JD*=6/D
MV@IF.'8@#V#I\$7=^FM33"*=$^(_0F@'V''-[NZO8MQV^J9;[1NCD;<"5U7)
MN#QA0E+-:*T@-NJK0D)>CN5`S4<\4[C#?SD*T'B5<"[PZ=YWV=&IO7K"D;,X
M1;OKW^X<`+E9:.6LCCX]RV>R9$%2%*NY<L9(J0%(Y:BJ4RRB3<R;#3Y,QIQR
MAH%ISJ.ROS^F)INCV]>W+W!RQR#P1O2P;5$Q"5RK)<RB+Z-V@"PR-:5)02"2
ME#;K)42IIX((0GX<LY1Y)>6B#4U]QAK';]'=6;J9NRR_F3.`.6=^LE.]RFK(
M5^MUITQ@WQD)5)/P4;,D7!7?;TEW[9L=4JF'7)]Q3Y#;:F8Y^\I76GR&%]H;
M4]LGM!N`Y%W3NF'OSEB"%*MUNM>E41B3I(0\\^E;J*MDU2MQ2"W]]N.ZZE!3
M;G(*\A\,ZY:[\1.GTA(-LT9Q-0\75YG`22Q+)C_#%>E&DOD#*]PD(M5NYB23
M9(MP=RL;T@=IJR"A0$J1BBI.*6F&[7%_M7*)`!H0@?>54=,NA^)&(;[=&9N]
MN2MR>\;F=II6Q[#ZN<\IU`\F7<GD*;B0(R%@I7Y7F("$C5Y:DQD'-8(&)[C_
M`%&U5S?=->])>*BW[R9^Q0>OL[[F"_/&UDH-<N5A@H^PH-YR\7G]4PD3/(,I
M-)5RBFUB`344$I#CXB((:(L9]34.,7I":!2\C3*HU*)K].N+48W'S%RUL6#R
M-SIRW#V'Q[=P\J);HB2S+>C,NK9);BQ?3NN-%2%)0I3DC4D`J3G3!_X,;\L-
MDRYBFQ;(W/4W5+!C.QHE-KCC=)K8+U>V18Q^#:GIV)^,K'MEBKF(L<(F0*80
M1$`1\>X=/&?U1;J%OEEIFN:!51.1I11I3.E<CCG??SGM%MFSKM;>,H6[MW;]
M7&/^,S2IF+%45HK)\E'EK(I5(]0R1XO[2M#CV=C)KDN=[!9%J^F&L6L^/*HH
MC5DY/;[,\DR4E[DHM68M9\JVKT`)+(])53'-')F>M9!`0:`!?$G8H9D&X>H4
MB*VVEN@_,4<ZT_9'4#IUPRXR@^U]CCJVW7F[=6Z+E=@J04;>MJ%!N,`^X$A3
MSU6$^>`'B&G&55<-:FI*R\[TS'T8+I7E#YN;):U@.JXE]?M7I-E48HPE`P*0
M[BM8^:6"6>HG'NF47<&R4[=NYP'Z],'D(3_^G,))RTH(0*_*GBK]<=2;`O>X
MI6A/M5X+BQ&R`EN[WQ"Y#GR<2_,4RA!'4AN4Z/D1ECE<'6K4R%61)QI<-.5=
MF+`D)"L,[;#PGQ-1.]5.(!,)6_)JEM:IAY_GV1-#G[?4`)_#RRJ,DUM\1:U'
M(K4-.8[5%7B/>`<;;?EIY>G(*O<_S7:=K6]5==JL[OF2`D#^S,>$(ZC\*J$D
M?$JP8U[A^5^VU_YK9[=+4SC+Q%X?6`Q@E"REP8Q2*?Y,D[;;Y5M'M'B2?<I3
M1DT'Y`'BG]@Z=K3<UIJ^ZU';IT3F1W*50?U<4OM^;[1K1<?0\6;'W?REO+_J
MSBZW'4X3]\QX[96I)-"0_%Z=5=N!$Q?K[JUE?)ZJFB/+!EF_<CV/!&W5O)V8
M[=-6.D9"C5"N6UFQ^VC)BOMXVQ5N02\3/4H]>;,W1\3J(.$0-X-&F8SSE84I
M2K@D9**JI-.HT]*?M4Q<.Z^1>5]H[42GGWB*SV[VT7+^[O0;=';9E0W!I+$M
M2VWBME]!J&U.HBA:ZI2XVX1J/F/WIY:\/)EJ^=>+MSF6;8)IM_W"URR='FJ]
MD.F3P^2)`J,+E(17NQ*!S$540$HF$/13[>(/?67)OPO1BM7Q0H$?UJ'^77'/
MLC@3V?[R5^J[!Y5398+BB?1WF"OSV0<]!=UQ4+T]`4I6#2NM77'SN]AN:[9P
M%*QB#3[&ND<!)&*V=Y9SU>6EXL\&T6#Q5>0E18,D5322)#")"N(-XEY``")>
M_D&"]=I`TM-)9'Q6:D=R14'[<*-<<>QSBVETWEO.Y[ZN+0*DV^U1516'5#HE
MV0M1&@GJ42FU4J0%=,56#;"7%>\G_AK58]]>7/9=,D%&?(J_/9!G)^:*06A7
ML:B]D#8GP]#K)$<N0<.".7S9H4H*%;HE]FG^3;5&A+]T=Z5ZGOI]U`KG_O)Q
M*R[OKW9,1Q-B1N/O9YM<EU>@>5$:::^]I64H]?<7`2A&A!0TMPDI+KA#]=1^
M+\RXN@9C`#/D#J>IL_7GS[/_`"-[0N_TNK*7O9+80Q)V)Q)0YZR25?+%NL?8
M_KI5U/9.T5BLWL>H*9?7!(OD,OH1Y'GAMS-3BQ2I6K.B:UI0#+KX:#$ED;IV
M3NNX,\AO<=S-WV^2VFT[-L:?/"(MEM%6G+A*990]K3+F/:$^:VM/F-24ZCH*
MSSNHC3BEBMS\.MJ9GO:/?K;52UJA!9AM$K=K71J+,*Q4J9S8I"161K<"E#HM
M"+)D-YS293G)V'['!*+^EB6WH6Y(D%5`KQ*2DA)J21X4Y5^VG;C8\R.^[>7P
MC>G;SM_:G'O#XBCS;<PW&8E2FPMNC*$`ON^:5%)(I%)`-1U2;@Y*X32K]_+K
M*;M\EF;*[3S,JTI#Z2X@LTHR)"H%K,4@<)J`J32T2CL]O=)'D04=M(T1(Z[%
M7$GB;I:X"'Z@^MDK"2!1M*J9_P`/B)/PK3Y8AGM?G<X_Z>P8G!?&%CDWGS'P
MYN:XL(473Y[A'E/2%,(3Z=)#-&W'Q5%2V%5&!XP1<,+Q(MDN,#A-NN3WR9T6
M\5G_`&:BFM8@1./82S#:TY'<V9VNF8W8XE:RL8IV`>Q`'L'23"VDYVV(HE6>
MM0TBO[VKQ?6F+)W]9M[3-2_=3SG!M3"@5.6FR.*>=I_TU1X:6`#V57'?%3FH
MX)S)M;Y-[%"!8-T>1K67CIQDJ1156F833AT;8C&D)XA'M[I;Y2)D4GB:7X%&
M.EG@>1>Y4Q^@=+K1<5IK*?;CMD=$4J/XE9'[,5;M>Y^URW3S;N$.-=T\E;I%
M`)-S+ACE=:ZU1H[;B"DG,AZ.UD<U#/"]6I^&VO7,0@JWN-R\Y_(<I#.G*.0,
M@13V354#R,L9P2HQ"\:97M^0MYI("@(]SA]V`-H4J@#DMTFO:M-1\"?"D_++
M'1CH]ZESLE9\G97#G'9%=(,2(M*`.RAD.)73]^*K^C@QI7'N>-@:.A'9*X>:
MCKUJ?0CFM4"UQ#?*O1]T:/,L00*QR!AMM6DJNF-JA&Q15<0KUJT4EB$](JBZ
MQ4D%7:D/R$@.Q0B*,\E4=2>E4@95H3T57%+1=Q[`X\OJI6V.9YFX^7K@/3NJ
MN,5^5MJ4VNNN)<E/%\^G=5X42FG'!')UE+:"MQ'98C6W'GXQ2/TYYC<.9;KD
M>H+$:%MQC2`0SG0W#8H(JUZ]E<,RY'3G(Y0/37"5C6BHJ%'\.W;KV@32D")*
M0H#KYB*J[C0II3IF,:7>+?"]OE"3S1PM>K/<W!K]7M^:\;7+2K,.Q:*]%Y2A
MXD^G?<30CQ5QZ62,/;^S4<X/M]S-X/U_QJ1NL,XC@Z%IN/9AXQ%,?<(-;A,.
M:/-,%%4A$H'(HX'Z_P"[-]NLJ9GJ21*EH0C]Q(2?M43U[L-ML;S]O,&2E/#?
M"5]W%N?4/*-S<DS&TKKD51FQ*:6`:9%*.GWAUQ5&NECU[QD^MF-^(3&<IL)G
M>>0>,\T\C&?"R;W%N+V*B(.)ZU63)5F8Q@VQVS3(=TE!039LQ?*IE46.[*F<
M!086P@*1:$^8\KJ\JI2.N96?O4S\(/90D#/$MY*MO(VZ6(>Y_>/=&=N;`CE*
MK9LZTZ$SIR@:-,,PF%K].E63:I4IQ;K25%"$LE22*8?9\XLIF.@<+,\!;"\F
MV7\29$R#..9RHU6Q62)S;F#(GZ;6R5FRW.XZ59P4PSL,S#IQ\9ZB$LW9Q$>F
M1`GMQ3,?PIVV+"6"A<IY"B:TK5?XE5R2#U`&5!D!3$WC\>>["#)D;W?W#MOB
M[9MXML-I+4A]EERV6Z'YXA6R.E;:G6E,MN%U_2N.MR0\I3BO,"@EENI%FY#;
M!D7'K.L:`:\:%ZCM9L%;K"24A#*9=FZNBP=%;,HB`IS>&91,JN^%N)Q?Q2!P
M`#_YO?[[",Y<%NIHRAF+7.I\?3I09#.F=3ECE_F*U>W*W;:N+UUY#W'R!S"I
MBD9U"'!;VGRM.I3CTDNJ<;"==/*D*!\/@IT\O9BU99@MN<AH:G\2]:S;FI4M
M._4&WV8"5NM4)\N-0A1C20=EGF:#^32K$>"#!PFPE6:A%6QR^`B'D.)"W4R5
M"-%UO4'YBJ!)^5<U9#Y4PZXMM.T+APY;5\N\ORK%L@&3Y.WK<7GY21ZEW7YK
M+2E);+Z]3J"['=!2L*U`&@HG+E>WZDV(RF_7*WK]HA2W2"JR^,->#PT);C,E
M2B/Q[6V621@[@=SZ/X]V;B4*/?\`$IOH`HN(FK%9DE#*.M$4J/B"55J/H,6#
ML^X^WN*_Z3V]\2;BW_>T*`$Z[AQV.%#\:H[*'8VFN?YB&#EF1@'*L'$'#6MQ
M^SNOVXO+EG!)8B+JT3L1?KW7WDD`^1UY9Y+M:Y!^Q55_XBL+))@4W]XP?7IF
MDVK7J9;=EN]0<U"O[JE>$=P.+WNQ]Y$VT(_SGN+9?#NQ"G4EAIR)%>2CH`VE
MM3SNL#\*93!J.@.6&)U:7Y=;E5S1V$=:=/\`BYPNBF=09:]+05@N$3%)D\$W
M9J[6X_\`3#!TDD/?QD(=H)3"/D<.W?I^%71::,H:CM4ZJ\1'>D4'UU8YNNT/
MV=66Z^IWUNC>?*V^"0/+BAUF.XX<RGSGE^>I).569+F0R3V8"7,-8T;C'J;C
MD/Y?LU;EW!!<@&PO@2Q.TZ>I+^L!_C&E1Q:-K8LC@X#Q(/O(<P"/^$?LT>1#
M2:3Y3CJSF$)41]`$9D?;B]-F77GB6R6_;APW8]DV923_`(E=F4^I#=/OJD3O
M3K6*9G\N2._%M7*V'W6LU#C,5<*%KSQB>$KL?5QRYMJ='!N1I&-AT&T?#RC'
M,TR_D[;/L31B!17%\[DGBJA04\O(Y@Z54I,Q:0W$*V@/O.#2?H3XJ]XQ#K':
M!P;:[A*W;SE$V_NY^2J1^G[?K=(:%N%2W$*MK:&X[*]9.GRVV&TIJFE`,<!E
M;%&ONK3LCNT<1^D^*)E(?5:S^PO('1+'5@.7Q.1VVHT\68N$Z@4P=P12B054
M#L`!W'K#[$=HEU49@.I%05K&7UH2!W#$BVGNWD7EADMVKF'?-WAG)35HVC+9
M?IT*3*9\N.T?WE2-(ZDXK:*W,;;"N&%(M$'DC;RCUYXD$)HSQP8)MV,=3#.F
MRX+MF.8\IV5A%W?(]:2.0@GC4XM&!64*!U"+)"9(R`E^H.GQO-@5#;*2$'ID
M5F@5G7*H%.H.)+,X3=XY;<OMJ?MFS;[)0?,W3O.ZQYU_HI-%+ML%E:XL-\@J
MH^J0J4D'2DH6`L,9HY>9#*$*WK6!];M2^,O%"P&*S+.(1-TO[)CXBFBHVJM4
MC'-8;/B)#W*F[B&1@,/U,'3\?JK@HRAJ.WE2OB/<4B@'VXYLOI]EFU9RKGO_
M`'-N_E'=Z?O>47(T1:NI"GWW$OE!/XFY+HIT!P16!N,/)5:R]0-@-H][-B]F
M<D8]E?U%`5A21;T7#3";.S=LQ/\`M^T6F&SEL@F]4$A4E&11-V$2=@\15:MR
M@\'Y#SKBTFH%:)&1%*#J,^VN>>*VY`]TVV+ILZX<><4[`VWM?;-Q:\EU\(,J
MY*:"DJIZM0:4"2D5U!TC.BNW%4[]5#+K[*]NELO\M%7TCU648PI*KC&AGK=8
MS!)HA!1Z-C.]M;E_"6E9>3G2NU&Y&8290;J)E](!`2]>)J'RXI;LD,Q0!0`"
MN76I-<CW9?'X2OV\WG9T?:$.'LSB"5OKED..E^=*#S]N0?-66=,<(=C@(:\L
M++GD'6E1UD$'"H:.IP]5BV.D=>-5MLN5W-RC[^<MMB@KG<:])2_<3*OIUW/L
MH*"!NY7^HKK5U\7Q'N)Q`._6L0;4%:H[3LI[J#0J![E*\(^W'7=^3[S;K9T.
M<C[LVAQ'L4(\$=EV-'>0WT"64M+==JD?@3-:-<@D'+#*(*9YBK_4DHO%^$]0
M.+G"$>W640<V]S#6ZWU^)'N`+(5^!9+TB*7(E^0D>1<>)3C^1R_?K8!5V<31
MM#,=K(U/B/S!`H!]N.8[A"]F&WKPJ5NF^[SY6WVXL`ICI<CQWG/@IUU293@K
ME5J0]4=`<`%FNL\><8_(/(?RLYUWRO#1RG_X:PQ./EJ,>7\A$[!A5<<*6.%C
M%?4$4R]IB)/^0?0OVZ9/)@I61.DN/.=0A)[/AI1F1WUQT-L>Z>XV4P1[<.)+
M!Q_8EI/^)7)I(E!OL6I^8&'7!2A-8TD9',XOG`F0;;$^U#BTX2R4)%0#(Q>P
M6TK>/H#@S4">"<B5[9'BUSF&J@#YB#6QJF.!@#T_X=+,+6@:;9#TIZA2Z(!_
MG57O&*^Y!V[9Y@6?==SF;@L9KM%B*Y:=74HT,I$9I0Z?F0D@4/BP6H:3\L6R
M(`MM/R%QN!JL^2-[W&.G524A'B:"X_YK`^1Y((&?1."8B43'/)IC_:8.G'I+
MF_\`]Q("$UZ-ISI\"36O>`,5#_KE[1.,CHXGXY=W!=FR-,[<<@.I)'1?HD><
MR16AH`P?D,6_A[@_X^<727ZFL^,IO/\`>5EBNY"Y[!6R4R&]DG_?U%GCV",,
M93W2JZPB816CE3_VF'[]*MVB"VK6I!<<KU62H_2N(9O/WV>XK=D7]+MET8V[
M84@I1&M$=$-*$=`E+OCDI`&5$O)'P`PU.JU"IT6#95BDUBO4^MQJ?I1U?JT+
M&U^$8)?\MG%1+9HQ;$_V$3*'6R2E*1I2`$_+')EVO%WOTYRZ7R5)FW-TU6\^
MXMYU9^*G'%*4H]Y..BZSC78G1@QF_P!SIG2>*W=R<,/QJ9NWTW$,C13VI5.L
MRTWA^O@G1Z^:J-SO9AU-4Z-23K_M3.%!@U2E6`WDKY>0!HI2H:9BBF,M^:`,
M].0%,J*/A[QUQ]+N$H7.,O@NU>LY/L7'_#`5*]."^VU<7:RGO4$);2U)6?.\
MP(2)224THC30FS*S!<U^9X=K7Z'1]3.,[%1VXD9Q45'1F2\DQC);\2@TB(=I
M+4AL]21^Q1;Q1R"4/[H]+`79W)L-1VJ_-1IW"@!^W$8NEP]C>R9J[CN"?N_E
M'=FKQ..+<A0G%#,ZG'%-RBDGMUR`:]N.OC>$:FY+?H6'=_;/9W<:;*=%=:!L
MMYD*)C--8GYJ)L:?!/GS]BV\_H4K>2;E\0#\0^W6?TE#A"I;KKROFJ@[BE-`
M1WC&FD^^B];7CJMW!.T-K;+@T(#S,5$J<0<@5R'4(0L]I*V5FOXCADV#]*]3
M=;4$$\'Z^8MQXZ0`H%G(BJQ[BU*>(`4!<V^53D+2[-V#[JO#CT^9BQHZ0EAM
M*0.E!CF3??-W+O)JU'?>XKM<65?_`%./K$<5_9C-E#"?X6Q@G^G&*LQ.C!B=
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M-W`&D[;$V-$-QAK:EVX=7&C73_320%)^HR[:8QCN^3'D+B.-O"M/S3/8HG,N
MQELR=#XQ"!KMHBZQ),)"<@[#-,9+UY>/?M7;81KYT3IAZ9RF5*;N(`/26W;$
MO<$Q4-MU+2DM%=2DD4!`ID<NM<&!DR+RU9TU\J264-G>+?:O%^'4&[1_8LC4
MNZX8S0TIT4[,B!92U0M0M322A&*/KE]15QZ:29A`IC`(@'6P8VQ"G.^FMURC
M.RR:!"DN-ZC\$E2:'Z8,-$URV,Q!MAAVG9WP5;6]SQO=V:SB)E4V[E@]:NV3
ME5A+0DW%/DT7\-/0DDW4;NVJY"G25(/;R()3&CD^!*MDM<*:G1(0<QU^8((R
M((S!&#`B4/D887?DFRSQR_L[,15@Q1C5OE!YE<]RBGE?F81]%T>1CVC2M)Q*
M,JVD%C7=)-0IUQ(E[<YO(P&*'6T>L*F=OM7_`,U)0ZYHT:2"""H5K6E/"<&*
MVVWY88#2C;[">N&=L&66N8KSP[B6E1VF-<X<,<LE'BQ(N91GH4T1\G&/*K/.
MVB3](SCLDR>HO?+T1.!'%KVPY=[4]/AOI5*8!U,Z3J/:*&M#45I\2".N##<B
MF*<I3D,4Y#E`Q3E$#%,4P`)3%,'<!*8![@(?<.HO@PK[6?DS@]N=P,\:X8,P
M[/6_$NNZYHB^;6M[;%?MHYMOMDTDZC68@D6H_GY9:=2>MBF1=>@+9@J[`XI&
M0!61W#;SEKM3%PFNI1*D9I9TG7IK]XFM`*4/2M2!2M:&%<;Z^\Y&>9C7[C8M
M+UZ.KVNE+;;%9XIK9TL@PR/9R1*5AC(F?*U51.ZC$F$O"QJ9##W03E7YR""A
MB&+)+'2P;1?W"V!^I2%^4TJF:!6A(^=0H_,I`Z5P8T\P\/$UZ*C8&!C(^$@X
M9@TBX>&B6;>.BHJ,8()M6,=&Q[--%HQ8LFR14TD4B%33(4"E````ZKI2E+45
MK)*R:DG,DGM)[3@PLWEUTHI6Y^F>4(I[%MV^7,3UB?RO@F]M""VLU0O],C%K
M`U:14PV].0:1]J3B_8.TR'`@^JFN`>LW1.20[7N[UIN[2@?[JZH(<2?NJ0HT
M-1T\-:C[.A.#&9K=_;RU[K<!NG64L@/5Y?)E7W`J&)LBS2X`+JQ66@5/(3-M
M8G0$#N>3L5:=Q[QV(!^;Q=40#L(!U8EEM35GWQ+C,"D9412T#X)4I!IW`@@?
M(#!AZ^VW+_IC$X%R5AG$5AD=J=@K1CZRXKAM>\0T6Z7>QN;9.P#RHK1=X:M*
MX=M68B-D71B2*;P2NO`ATB('5$"]0JU;5NRYK<N4D18*5A9=<4E(T@ZJIJ<S
M3I3+YX#BP>"347+NF?'W3L<YRBU*WD6XWFXY6E:6Y535D:0RMR<,SAZY,>@J
MLW0G"QD$D[>($.;VSEV=$X^HF?I'>EUB7>^KD0CJ80A*`KL44UJ1\LZ`]H%<
M&`LP7_\`3MN)_P"GU3_[<P'UMIG_`*ZB_P#E*_YG<9IVX;=R0Z(T'D,U=NF"
M+:5E%V@$SV7$MX7;`NXH>28QJX+!RX&(45SPTB58["5;E[^XCG*I0#U`3,6+
M[?O3]BN2)S52WT6G]I!ZCO[0>P@=F,8RN8ZY%N0N[:_1?"C`42V16_B60Y/6
MV;R])/5`&G:]P4:8)JPR4LD<\B2=@*TDHV-.D**)ZTFF^0.=\LD/5ER+!8F9
MQW@M:#8RV'0V/Q.DY)`Z4*L]/77X31(.#&MG1;3'%FA>M]&UXQ6V!9I7VOR-
MPMCANDA,Y!OLDB@-FNDV*?D/N91RB!&Z/D<K-BB@V((D1*/577F[2;U/7.DG
M-624]B4CHD=W^TU/4X,(OV6?IZ%_U!6&=J\E'"%P!NUB0F$'F0'H>A7ZKD./
MAH2L(QLU)KB1I')A(UBNN%%%#E(5I(+*]_!NJ)9G;P;WL5ZV1\YT-WS-':I!
M)-0.WJOZ@#M&#&H_[_4/MU7&#`&\F.TU)T^TES[E^XRC-D["@V*GT&+7712=
M6C)%QAG\)3X"-04,!W:IY%Q[IP!`$46#9=8W8B1A#=;>MKUVO#$1D$C6%*/P
M0DU43],A\20.IP8R![(:U7'6/^GIT^A,@1[N&N&5=U:WG&4@9!!1K(0C*^T^
M])U9D_;*@51J^6IT-'.EDC`!T5'`D,`'*8.K5MUP:N._)2V""TU#+8(Z'2I-
M:?Q$CZ8R#0X<+R>ZTY?TURI3^8_1J+$;M2H.%:;G8ACR+)0>9L5"TCDI>XRT
M8S(/KN&;!FDG-+ID%=`J#67('K,7!EHGMRX1;O&5M.\G\E9/IW#U;7G1()[*
MGPCMS1T4*8P]/43:W$NZF`J)L-AB8"2J5T8?S<:NHC\W3[.R`B5BI5H:I'/[
M&Q5Q^845B?W%2>"Z0G052.:&72V2K1.7`EBCJ#U[%#L4/D?^!S!P81E@O_Z=
MMQ/_`$^J?_;F`^IE+_\`747_`,I7_,[@PS;E*Y$:AQW:ZO+Q[9O:\WY!7<4K
M7W&!`4<OKE?W:2:2,@[CV@C(*U:JF=I.9`R1?-8QD6:0@N[1ZCNV[$[?IX9K
MHAM^)U?8E/PKTU*Z"OS/0'!C-1E/BQWEUAUQI/+:PR9=;%R-4R_R&R6PU7=G
M^0(UQY/H(.'];^,9E`\E(4N$!0MGCRB9FO#.WC)NF4D>W%:P8VY;-<9Z]KJ;
M0FP*1Y32NGB'15>P*/W#U"@"3XC@QJZT)W1QOOOK+0-B,=*),S3S3XJ]5$7)
M',AC_(D2B@2U4^1,4?(X,72I5F:X@4'D<NW<%`"J@`5I>[1(LEQ7`D9Z35*N
MQ2#]U0[QU^!!'9@Q7/*1_H:_T=Y$_P#T&^'_`&%[(>EZWK_K/];^@[_3/[4?
M'?\`7/W*]3U?8>S^OI^K[G^2]STXVW^L_JS?Z%7UW]73^+77+1\:_3Q4P84-
MI;`<M08C@U]0<L97-K.O&IFP]%<F^O>)R99BZ<*!/@48.P8SV</>9ZOIQOI?
M'*V",CB';>'HIE1[=2J[KVOZI0NS37ZC7QF&ZO05=M0MG2#7J$J/S-<&*B>1
M5`C=[L*CSEWO9:YY`7F/+6<N3<3XDQGQOQEQ!5K[5*!4Q3FC+24Y9SN?:]U+
M26/*4WI?)$,3T^S@*>59'?\`)R(Z&*?G:%K7**<^NMM%!U^Y7]W!@I/ZG%O&
M.=),*)3$L[A84-JJ$H9[$UY"SR)I$M*R"$4U2BW-GJ+0D>OY*"NX%X91("$`
MB*GF(DU_'16+R]H`*_2JZF@IJ17.BL_E3ZX,:%&?Q?Z":_JGX@(7](H?J()4
M6XP(1?PQ?E_DAD0!J,1[3U/6]</3]'OY_3OU`SJ\X^775JRIUK7*E.WNP8RC
M\-31JCR+[>/.-^P7&1XYU;(N&1Z[DRGHPN,V%O4752B%,"7*,O,]*RTDU,59
M>((]@60N*H=)"0,B8D<X4LS=A4;#$&X$H%_T^$H5593V^:G2`.S511\=2FOB
M&#!&8*;M`_J7MNG)I9<\\?52`2>0A:\1*(;0):U@KXUZVM!K,J\?3*QRIBX:
MFAVZ"93F`C@XD`5&$PG_`$\BBG@]4<ZYUU.URI0#KGJ)^6#%!+-8,G]01`N^
M3.=FW%I7@$?]`$!^E&;/6J,6._.:DA$VZ3N;Z3G+4W=%=D*+B$CQ6NAP.H"?
MA%D.]!7_`)'4-NI2&]7]Z.JKIR\54A(`3T_$?R_XJ&-9DA[#V#WY7VGQGM'/
MR/R'H^P]AZ)_>>]]Q_+^T]OY>IZGX>'?R^G?JLAJJ--=5<J=:X,9*.&9I#I<
MG.[;KCYG[.]X^5)MT7(4#<:BC&8Y9VTRK@*NMA>V1]WEWDD[0G"R1H=-U"M`
L5IYP*Z.F<C`REG[M*_\`+L,7Q*1?M/@*557IRKYB2D4RI6BC^9T%*XSC_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
