UnionBanCal Corporation (the Company or UB) today reported third quarter 2009 net loss of $17 million, compared with net income of $105 million a year earlier, and net loss of $80 million in second quarter 2009. Total provision for credit losses was $320 million in third quarter 2009, compared with $125 million a year earlier, and $375 million in second quarter 2009. Third quarter 2009 net loss included after-tax net expenses of $11 million due to the privatization transaction. Second quarter 2009 net loss included after-tax net expenses of $13 million due to the privatization transaction and a one-time FDIC assessment of $21 million (after-tax). Mitsubishi UFJ Financial Group, Inc. (MUFG), through its wholly-owned subsidiary, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), completed its acquisition of all of the outstanding shares of the Company’s common stock (the “privatization transaction”), on November 4, 2008.

For the first nine months of 2009, net loss was $107 million, compared with net income of $355 million for the first nine months of 2008. Total provision for credit losses was $970 million for the first nine months of 2009, compared with $305 million for the first nine months of 2008. Net loss for the first nine months of 2009 included after-tax net expenses of $46 million due to the privatization transaction and a one-time FDIC assessment of $21 million (after-tax).

For third quarter 2009, total revenue (taxable-equivalent net interest income plus noninterest income) was $748 million, up 4 percent compared with third quarter 2008. Net interest income increased 8 percent and noninterest income decreased 7 percent. Third quarter 2009 net interest income included $23 million of accretion related to fair value adjustments due to the privatization transaction. Average total loans increased $1.6 billion, or 3 percent; average interest bearing deposits increased $15.7 billion, or 54 percent; and average noninterest bearing deposits increased $2.1 billion, or 17 percent. The strong growth in total deposits reflects successful deposit-gathering marketing initiatives in both the retail and commercial lines of business, as well as significant increases in money market account deposits from institutional escrow clients. The net interest margin in third quarter 2009 was 3.31 percent, a decrease of 36 basis points compared with third quarter 2008, primarily due to lower yields on earning assets.

Average noninterest bearing deposits represented 24.3 percent of average total deposits in third quarter 2009. The annualized average all-in cost of funds was 0.79 percent, compared with 1.60 percent in third quarter 2008. The Company’s average core deposit-to-loan ratio was 106.7 percent in third quarter 2009.

Compared with second quarter 2009, total revenue increased 2 percent, with net interest income up 2 percent and noninterest income flat. Average total loans decreased $0.8 billion, or 2 percent; average interest bearing deposits increased $4.5 billion, or 11 percent; and average noninterest bearing deposits increased $0.6 billion, or 4 percent. The net interest margin decreased 10 basis points compared with second quarter 2009.

For third quarter 2009, noninterest income was $184 million, down $15 million, or 7 percent, from the same quarter a year ago, primarily due to lower trust and investment management fees, lower gains on private capital investments, a write down of a loan held for sale recorded in third quarter 2009, and a gain on the sale of real estate recorded in third quarter 2008. These decreases were partially offset by a gain on the sale of U.S. Treasury securities in third quarter 2009.

Noninterest income was flat compared with second quarter 2009. A gain on the sale of U.S. Treasury securities was offset by lower merchant banking fees and lower trading account activities.

Noninterest expense for third quarter 2009 was $506 million, an increase of $62 million, or 14 percent, compared with third quarter 2008. The increase was primarily due to an increase in expenses related to the privatization transaction of $43 million, primarily classified in privatization-related expense and intangible asset amortization expense; and an increase in regulatory agencies expense of $22 million, primarily due to an industry-wide increase in the FDIC assessment rate, effective January 1, 2009. Excluding these two items, noninterest expense was flat.

Noninterest expense for third quarter 2009 decreased $26 million, or 5 percent, compared with second quarter 2009. Regulatory agencies expense decreased $22 million, primarily due to a one-time FDIC assessment of $34 million recorded in second quarter 2009. Expenses associated with the privatization transaction, primarily classified in privatization-related expense and intangible asset amortization expense, were flat. The provision for off-balance sheet losses decreased $9 million, compared with second quarter 2009.

For the first nine months of 2009, net loss was $107 million, compared with net income of $355 million for the first nine months of 2008. The decline in net income was primarily due to an increase in total provision for credit losses of $404 million after-tax, an increase in net expenses related to the privatization transaction of $39 million after-tax, and an increase in regulatory agencies expense of $52 million after-tax, which included a one-time FDIC assessment of $21 million after-tax.

Total revenue for the first nine months of 2009 was $2.2 billion, an increase of $130 million, or 6 percent, over the first nine months of 2008. Net interest income increased $182 million, or 12 percent, and noninterest income decreased $52 million, or 9 percent. Net interest income for the first nine months of 2009 included $85.6 million of accretion related to fair value adjustments due to the privatization transaction. Noninterest expense increased $293 million, or 23 percent, primarily due to $162 million increase in expense related to the privatization transaction, classified in privatization-related expense and intangible asset amortization expense. In addition, regulatory agencies expense increased $85 million, primarily due to a one-time FDIC assessment of $34 million, recorded in second quarter 2009, and an industry-wide increase in the FDIC assessment rate, effective January 1, 2009. The provision for off-balance sheet losses was $47 million for the first nine months of 2009, compared with $21 million for the first nine months of 2008.

At September 30, 2009, the Company had total assets of $78.2 billion, up $15.6 billion, or 25 percent, compared with September 30, 2008. Total loans were $48.2 billion, down $137 million, or 0.3 percent, compared with September 30, 2008. At September 30, 2009, the Company had goodwill and intangibles of $3.0 billion, up $2.6 billion compared with September 30, 2008, due to the privatization transaction, which closed during fourth quarter 2008.

At September 30, 2009, the Company had total liabilities of $68.7 billion, up $10.8 billion, or 19 percent, compared with September 30, 2008. Total deposits were $60.7 billion, up $18.3 billion, or 43 percent. Core deposits at period-end were $52.7 billion, resulting in a core deposit-to-loan ratio of 109 percent.

Nonperforming assets at September 30, 2009, were $1.4 billion, or 1.75 percent of total assets. This compares with $1.1 billion, or 1.55 percent of total assets, at June 30, 2009, and $304 million, or 0.49 percent of total assets, at September 30, 2008. The increase in nonperforming assets compared with third quarter 2008 was primarily due to higher levels of nonaccrual loans in all categories, reflecting weak economic conditions, and a previously-disclosed change in accounting policy for residential and home equity loans 90 days or more past due, which accounted for $195 million of the increase. The increase in nonperforming assets compared with June 30, 2009, was primarily due to higher levels of nonaccrual loans in the commercial mortgage and construction categories, reflecting weak income property market conditions.

For third quarter 2009, the total provision for credit losses was $320 million, down from $375 million for second quarter 2009. Net loans charged-off were $136 million, or 1.11 percent of average total loans annualized, down from $151 million, or 1.23 percent of average total loans annualized, for second quarter 2009. For third quarter 2008, the total provision for credit losses was $125 million and net loans charged-off were $63 million, or 0.53 percent of average total loans annualized. For the first nine months of 2009, the total provision for credit losses was $970 million and net loans charged-off were $405 million, or 1.10 percent of average total loans annualized.

For the first nine months of 2009, net loans charged-off on the commercial, financial and industrial portfolio were $252 million; net loans charged-off on the construction portfolio were $39 million; net loans charged-off on the commercial mortgage portfolio were $54 million; and net loans charged-off on the consumer portfolio were $31 million. Net loans charged-off on the residential mortgage portfolio, which averaged over $16 billion outstanding in the first nine months of 2009, were only $29 million.

The total provision for credit losses is comprised of the provision for loan losses and the provision for losses on off-balance sheet commitments, which is classified in noninterest expense. In third quarter 2009, the provision for loan losses was $314 million, the provision for losses on off-balance sheet commitments was $6 million, and the total provision for credit losses was $320 million.

At September 30, 2009, the allowance for credit losses as a percent of total loans and as a percent of nonaccrual loans was 2.97 percent and 108 percent, respectively. Since January 1, 2009, the allowance for credit losses has increased from $863 million to $1,433 million, as total provision for credit losses has exceeded net loans charged-off by $565 million during the first nine months of the year.

Total stockholder’s equity was $9.5 billion at September 30, 2009, up $4.8 billion compared with September 30, 2008, primarily due to a $2 billion increase in goodwill related to the privatization transaction, a $1 billion capital contribution from BTMU in fourth quarter 2008, and a $2 billion capital contribution from BTMU in third quarter 2009. The Company’s tangible common equity ratio was 8.94 percent at September 30, 2009, compared with 6.56 percent at June 30, 2009. The Tier 1 common capital ratio at September 30, 2009, was 11.58 percent, compared with 8.66 percent at June 30, 2009. The Company’s Tier 1 and total risk-based capital ratios at September 30, 2009, were 11.60 percent and 14.42 percent, respectively.

This press release contains certain references to financial measures identified as excluding privatization transaction expenses and regulatory agencies expense, which are adjustments from comparable measures calculated and presented in accordance with accounting principles generally accepted in the United States of America (GAAP). These financial measures, as used herein, differ from financial measures reported under GAAP in that they exclude unusual or non-recurring charges, losses, credits or gains. This press release identifies the specific items excluded from the comparable GAAP financial measure in the calculation of each non-GAAP financial measure. Because these items are unusual and substantial costs, management believes that financial presentations excluding the impact of these items provide useful supplemental information which is important to a proper understanding of the Company’s core business results. These presentations should not be viewed as a substitute for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures presented by other companies.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $78.2 billion at September 30, 2009. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank has 337 banking offices in California, Oregon, Washington and Texas and two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.

UnionBanCal Corporation and Subsidiaries
Financial Highlights (Unaudited)
Exhibit 1

	As of and for the Three Months Ended									Percent Change to September 30, 2009 from
	September 30,			June 30,			September 30,			September 30,		June 30,
(Dollars in thousands)	2008			2009 (1)			2009 (1)			2008		2009
Results of operations:
Net interest income (2)	$	522,296		$	553,094		$	564,296		8.04	%	2.03	%
Noninterest income		198,721			183,213			183,929		(7.44	%)	0.39	%
Total revenue		721,017			736,307			748,225		3.77	%	1.62	%
Noninterest expense		443,812			532,058			505,815		13.97	%	(4.93	%)
Provision for loan losses		117,000			360,000			314,000		nm		(12.78	%)
Income (loss) from continuing operations before income taxes (2)		160,205			(155,751	)		(71,590	)	nm		54.04	%
Taxable-equivalent adjustment		2,550			2,748			3,260		27.84	%	18.63	%
Income tax expense (benefit)		47,549			(78,492	)		(57,821	)	nm		26.34	%
Income (loss) from continuing operations		110,106			(80,007	)		(17,029	)	nm		78.72	%
Loss from discontinued operations		(5,276	)		-			-		(100.00	%)	-
Net income (loss)	$	104,830		$	(80,007	)	$	(17,029	)	nm		78.72	%


Balance sheet (end of period):
Total assets (3)	$	62,599,753		$	73,984,788		$	78,153,207		24.85	%	5.63	%
Total loans		48,306,118			48,896,520			48,169,508		(0.28	%)	(1.49	%)
Nonperforming assets		304,246			1,144,602			1,367,691		nm		19.49	%
Total deposits		42,355,853			58,338,959			60,691,368		43.29	%	4.03	%
Medium- and long-term debt		3,827,164			5,131,068			5,121,553		33.82	%	(0.19	%)
Stockholder's equity		4,692,648			7,429,500			9,475,004		nm		27.53	%

Balance sheet (period average):
Total assets	$	61,145,251		$	71,495,226		$	74,352,649		21.60	%	4.00	%
Total loans		47,196,204			49,556,222			48,764,826		3.32	%	(1.60	%)
Earning assets		56,920,548			65,008,223			68,235,083		19.88	%	4.96	%
Total deposits		41,661,224			54,352,412			59,453,936		42.71	%	9.39	%
Stockholder's equity		4,588,441			7,303,050			7,358,773		60.38	%	0.76	%

Financial ratios (4):
Return on average assets (5):
From continuing operations		0.72	%		(0.45	%)		(0.09	%)
Net income (loss)		0.68	%		(0.45	%)		(0.09	%)
Return on average stockholder's equity (5):
From continuing operations		9.55	%		(4.39	%)		(0.92	%)
Net income (loss)		9.09	%		(4.39	%)		(0.92	%)
Efficiency ratio (6)		58.76	%		68.28	%		65.07	%
Net interest margin (2)		3.67	%		3.41	%		3.31	%
Tangible common equity ratio (7)		6.96	%		6.56	%		8.94	%
Tier 1 common capital ratio (8) (9)		8.00	%		8.66	%		11.58	%
Tier 1 risk-based capital ratio (3) (9)		8.02	%		8.68	%		11.60	%
Total risk-based capital ratio (3) (9)		10.94	%		11.54	%		14.42	%
Leverage ratio (3) (9)		7.97	%		7.89	%		10.40	%
Allowance for loan losses to:
Total loans		1.20	%		2.21	%		2.62	%
Nonaccrual loans		200.94	%		98.14	%		95.15	%
Allowances for credit losses to (10) :
Total loans		1.43	%		2.55	%		2.97	%
Nonaccrual loans		239.50	%		113.24	%		108.16	%
Net loans charged off to average total loans (5)		0.53	%		1.23	%		1.11	%
Nonperforming assets to total loans, foreclosed assets and distressed loans held for sale		0.63	%		2.34	%		2.84	%
Nonperforming assets to total assets (3)		0.49	%		1.55	%		1.75	%
Selected financial ratios excluding impact of privatization transaction (1) (4) (15):
From continuing operations:
Return on average assets (5)		0.76	%		(0.39	%)		(0.03	%)
Return on average stockholder's equity (5)		10.08	%		(5.48	%)		(0.45	%)
Efficiency ratio (6)		57.90	%		63.97	%		60.36	%

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Financial Highlights (Unaudited)
Exhibit 2

	As of and for the Nine Months Ended						Percent Change to September 30, 2009 from
	September 30,			September 30,			September 30,
(Dollars in thousands, except per share data)	2008			2009 (1)			2008
Results of operations:
Net interest income (2)	$	1,498,287		$	1,680,010		12.13%
Noninterest income		593,743			541,858		(8.74%)
Total revenue		2,092,030			2,221,868		6.21%
Noninterest expense		1,266,330			1,559,256		23.13%
Provision for loan losses		284,000			923,000		nm
Income (loss) from continuing operations before income taxes (2)		541,700			(260,388	)	nm
Taxable-equivalent adjustment		7,405			8,625		16.48%
Income tax expense (benefit)		167,493			(162,169	)	nm
Income (loss) from continuing operations		366,802			(106,844	)	nm
Loss from discontinued operations		(12,037	)		-		(100.00%)
Net income (loss)	$	354,765		$	(106,844	)	nm

Balance sheet (end of period):
Total assets (3)	$	62,599,753		$	78,153,207		24.85%
Total loans		48,306,118			48,169,508		(0.28%)
Nonperforming assets		304,246			1,367,691		nm
Total deposits		42,355,853			60,691,368		43.29%
Medium- and long-term debt		3,827,164			5,121,553		33.82%
Stockholder's equity		4,692,648			9,475,004		nm

Balance sheet (period average):
Total assets	$	59,023,615		$	71,000,250		20.29%
Total loans		45,138,144			49,366,280		9.37%
Earning assets		54,689,402			64,593,827		18.11%
Total deposits		42,821,802			53,526,802		25.00%
Stockholder's equity		4,640,908			7,332,747		58.00%

Financial ratios (4):
Return on average assets (5):
From continuing operations		0.83	%		(0.20	%)
Net income (loss)		0.80	%		(0.20	%)
Return on average stockholder's equity (5):
From continuing operations		10.56	%		(1.95	%)
Net income (loss)		10.21	%		(1.95	%)
Efficiency ratio (6)		58.10	%		66.34	%
Net interest margin (2)		3.65	%		3.47	%
Tangible common capital ratio (7)		6.96	%		8.94	%
Tier 1 common capital ratio (8) (9)		8.00	%		11.58	%
Tier 1 risk-based capital ratio (3) (9)		8.02	%		11.60	%
Total risk-based capital ratio (3) (9)		10.94	%		14.42	%
Leverage ratio (3) (9)		7.97	%		10.40	%
Allowance for loan losses to:
Total loans		1.20	%		2.62	%
Nonaccrual loans		200.94	%		95.15	%
Allowances for credit losses to (10):
Total loans		1.43	%		2.97	%
Nonaccrual loans		239.50	%		108.16	%
Net loans charged off to average total loans (5)		0.31	%		1.10	%
Nonperforming assets to total loans, foreclosed assets and distressed loans held for sale		0.63	%		2.84	%
Nonperforming assets to total assets (3)		0.49	%		1.75	%
Selected financial ratios excluding impact of privatization transaction (1) (4) (15):
From continuing operations:
Return on average assets (5)		0.84	%		(0.12	%)
Return on average stockholder's equity (5)		10.74	%		(1.67	%)
Efficiency ratio (6)		57.80	%		61.14	%

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Condensed Consolidated Statements of Income (Unaudited)
(Taxable-Equivalent Basis)
Exhibit 3

	For the Three Months Ended									For the Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
(Amounts in thousands)	2008			2009 (1)			2009 (1)			2008			2009 (1)
Interest Income (2)
Loans	$	638,862		$	586,890		$	578,514		$	1,889,732		$	1,769,471
Securities		100,659			98,754			110,170			305,042			312,205
Interest bearing deposits in banks		147			3,550			4,956			503			9,406
Federal funds sold and securities purchased under resale agreements		1,787			97			110			5,573			348
Trading account assets		1,364			231			271			5,287			660
Total interest income		742,819			689,522			694,021			2,206,137			2,092,090

Interest Expense
Deposits		135,736			100,186			101,374			500,905			306,598
Federal funds purchased and securities sold under repurchase agreements		15,630			19			41			44,402			113
Commercial paper		8,056			954			355			26,127			2,901
Medium- and long-term debt		25,989			29,415			27,112			65,138			84,056
Trust notes		239			238			239			715			715
Other borrowed funds		34,873			5,616			604			70,563			17,697
Total interest expense		220,523			136,428			129,725			707,850			412,080

Net Interest Income (2)		522,296			553,094			564,296			1,498,287			1,680,010
Provision for loan losses		117,000			360,000			314,000			284,000			923,000
Net interest income after provision for loan losses		405,296			193,094			250,296			1,214,287			757,010

Noninterest Income
Service charges on deposit accounts		77,079			71,843			74,888			229,521			218,053
Trust and investment management fees		40,638			34,130			34,506			127,828			102,543
Trading account activities		12,397			16,251			10,513			40,096			49,456
Merchant banking fees		12,789			19,924			14,601			35,667			48,357
Brokerage commissions and fees		9,520			8,506			8,611			30,014			25,424
Card processing fees, net		8,129			8,124			8,559			24,060			24,219
Securities gains (losses), net		50			(172	)		12,694			48			12,522
Other		38,119			24,607			19,557			106,509			61,284
Total noninterest income		198,721			183,213			183,929			593,743			541,858

Noninterest Expense
Salaries and employee benefits		238,129			233,057			233,981			723,098			710,601
Net occupancy		38,574			43,222			43,146			113,008			128,289
Intangible asset amortization		671			40,281			40,641			2,011			121,809
Regulatory agencies		8,572			52,836			30,739			16,078			101,513
Outside services		20,741			22,948			22,219			58,045			64,001
Professional services		17,236			19,489			17,647			47,764			53,074
Equipment		14,437			16,602			17,838			44,925			49,853
Software		14,812			14,205			16,502			44,016			45,745
Foreclosed asset expense (income)		524			3,282			(144	)		696			4,024
Provision for losses on off-balance sheet commitments		8,000			15,000			6,000			21,000			47,000
Privatization-related expense		6,193			7,433			6,649			6,193			40,901
Other		75,923			63,703			70,597			189,496			192,446
Total noninterest expense		443,812			532,058			505,815			1,266,330			1,559,256

Income (loss) from continuing operations before income taxes (2)		160,205			(155,751	)		(71,590	)		541,700			(260,388	)
Taxable-equivalent adjustment		2,550			2,748			3,260			7,405			8,625
Income tax expense (benefit)		47,549			(78,492	)		(57,821	)		167,493			(162,169	)

Income (Loss) from Continuing Operations		110,106			(80,007	)		(17,029	)		366,802			(106,844	)

Loss from discontinued operations before income taxes		(8,175	)		-			-			(22,692	)		-
Income tax benefit		(2,899	)		-			-			(10,655	)		-
Loss from Discontinued Operations		(5,276	)		-			-			(12,037	)		-
Net Income (Loss)	$	104,830		$	(80,007	)	$	(17,029	)	$	354,765		$	(106,844	)

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Consolidated Balance Sheets
Exhibit 4

	(Unaudited) September 30,			December 31,			(Unaudited) September 30,
(Dollars in thousands)	2008			2008 (1)			2009 (1)
Assets
Cash and due from banks	$	1,959,484		$	1,568,578		$	1,155,497
Interest bearing deposits in banks		16,029			2,872,698			2,659,460
Federal funds sold and securities purchased under resale agreements		488,014			63,069			437,328
Total cash and cash equivalents		2,463,527			4,504,345			4,252,285
Trading account assets:
Pledged as collateral		18,124			6,283			60,816
Held in portfolio		711,293			1,210,496			879,734
Securities available for sale:
Pledged as collateral		1,404,463			54,525			-
Held in portfolio		6,890,891			8,140,013			18,210,574
Securities held to maturity (Fair value: September 30, 2009, $1,269,934)		-			-			1,193,337
Loans (net of allowance for loan losses: September 30, 2008, $580,474; December 31, 2008, $737,767; September 30, 2009, $1,260,307)		47,725,644			48,847,783			46,909,201
Due from customers on acceptances		21,562			23,131			12,842
Premises and equipment, net		474,519			680,004			667,005
Intangible assets, net		4,447			713,485			601,140
Goodwill		355,287			2,369,326			2,369,326
Other assets		2,524,839			3,571,995			2,996,947
Assets of discontinued operations to be disposed or sold		5,157			4			-
Total assets	$	62,599,753		$	70,121,390		$	78,153,207

Liabilities
Noninterest bearing	$	13,694,272		$	13,566,873		$	14,472,375
Interest bearing		28,661,581			32,482,896			46,218,993
Total deposits		42,355,853			46,049,769			60,691,368
Federal funds purchased and securities sold under repurchase agreements		1,760,442			172,758			229,268
Commercial paper		1,659,935			1,164,327			423,499
Other borrowed funds		6,718,935			8,196,597			164,861
Trading account liabilities		506,890			1,034,663			715,075
Acceptances outstanding		21,562			23,131			12,842
Other liabilities		1,020,085			1,685,412			1,306,097
Medium- and long-term debt		3,827,164			4,288,488			5,121,553
Junior subordinated debt payable to subsidiary grantor trust		14,093			13,980			13,640
Liabilities of discontinued operations to be extinguished or assumed		22,146			7,960			-
Total liabilities		57,907,105			62,637,085			68,678,203

Stockholder's Equity
Preferred stock:
Authorized 5,000,000 shares; no shares issued or outstanding as of September 30, 2008, December 31, 2007 and September 30, 2009		-			-			-
Common stock, par value $1 per share:
Authorized 300,000,000 shares; issued 159,834,897 shares as of September 30, 2008, 136,330,829 shares as of December 31, 2008 and September 30, 2009		159,835			136,331			136,331
Additional paid-in capital		1,299,045			3,195,023			5,195,023
Treasury stock - 18,748,501 shares as of September 30, 2008, no shares as of December 31, 2008 and September 30, 2009		(1,204,759	)		-			-
Retained earnings		5,050,682			4,964,802			4,857,958
Accumulated other comprehensive loss		(612,155	)		(811,851	)		(714,308	)
Total stockholder's equity		4,692,648			7,484,305			9,475,004
Total liabilities and stockholder's equity	$	62,599,753		$	70,121,390		$	78,153,207

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Loans and Allowance for Credit Losses (Unaudited)
Exhibit 5

	Three Months Ended									Percent Change to September 30, 2009 from
	September 30,			June 30,			September 30,			September 30,	June 30,
(Dollars in millions)	2008			2009 (1)			2009 (1)			2008	2009

Loans (period average)
Commercial, financial and industrial	$	17,153		$	17,917		$	16,804		(2.04%)	(6.21%)
Construction		2,613			2,789			2,773		6.12%	(0.58%)
Mortgage - Commercial		8,009			8,255			8,261		3.15%	0.07%
Mortgage - Residential		15,281			16,083			16,372		7.14%	1.80%
Consumer		3,421			3,841			3,883		13.50%	1.09%
Lease financing		639			661			662		3.67%	0.22%

Total loans held to maturity		47,116			49,546			48,755		3.48%	(1.60%)
Total loans held for sale		80			10			10		(87.68%)	-

Total loans	$	47,196		$	49,556		$	48,765		3.32%	(1.60%)

Nonperforming Assets (period end)
Nonaccrual loans:
Commercial, financial and industrial	$	162		$	370		$	380		nm	2.70%
Construction		93			314			388		nm	23.57%
Mortgage - Commercial		34			265			355		nm	33.96%
Mortgage - Residential (11)		-			133			165		nm	24.06%
Consumer (11)		-			20			21		nm	5.00%
Restructured - nonaccrual (11)		-			-			16		nm	nm
Total nonaccrual loans		289			1,102			1,325		nm	20.24%

Restructured loans - nonperforming		1			10			-		(100.00%)	(100.00%)
Distressed loans held for sale		-			-			9		nm	nm
Foreclosed assets		14			33			34		nm	3.03%
Total nonperforming assets	$	304		$	1,145		$	1,368		nm	19.48%
Loans 90 days or more past due and still accruing	$	50		$	4		$	5		(90.00%)	25.00%
Restructured loans that are still accruing	$	-		$	1		$	2		nm	100.00%

Analysis of Allowances for Credit Losses
Beginning balance	$	527		$	870		$	1,082

Provision for loan losses		117			360			314

Loans charged off:
Commercial, financial and industrial		(42	)		(86	)		(78	)
Construction		(16	)		(23	)		(14	)
Mortgage - Commercial		-			(23	)		(26	)
Mortgage - Residential		(3	)		(9	)		(14	)
Consumer		(4	)		(12	)		(11	)
Total loans charged off		(65	)		(153	)		(143	)

Loans recovered:
Commercial, financial and industrial		2			1			6
Consumer		-			1			1
Total loans recovered		2			2			7
Net loans recovered (charged off)		(63	)		(151	)		(136	)

Adjustment for impaired loans related to privatization		-			2			-
Foreign translation adjustment		-			1			1
Ending balance of allowance for loan losses		581			1,082			1,261
Allowance for off-balance sheet
commitment losses		111			166			172
							$	-
Allowances for credit losses	$	692		$	1,248		$	1,433

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Net Interest Income (Unaudited)
Exhibit 6

	For the Three Months Ended
	September 30, 2008								September 30, 2009 (1)
(Dollars in thousands)	Average Balance			Interest Income/ Expense (2)			Average Yield/ Rate (2)(5)		Average Balance			Interest Income/ Expense (2)		Average Yield/ Rate (2)(5)
Assets
Loans: (12)
Commercial, financial and industrial	$	17,262,407		$	229,377		5.29	%	$	16,805,449		$	188,974	4.46	%
Construction		2,579,582			30,352		4.68			2,772,804			20,828	2.98
Mortgage - Residential		15,285,171			211,965		5.55			16,380,014			230,210	5.62
Mortgage - Commercial		8,008,618			111,816		5.58			8,261,161			88,998	4.31
Consumer		3,421,338			49,286		5.73			3,882,929			44,042	4.50
Lease financing		639,088			6,066		3.80			662,469			5,462	3.30
Total loans		47,196,204			638,862		5.40			48,764,826			578,514	4.73
Securities - taxable		8,348,785			99,614		4.77			10,590,200			107,171	4.05
Securities - tax-exempt		51,831			1,045		8.06			184,772			2,999	6.49
Interest bearing deposits in banks		13,642			147		4.27			7,496,380			4,956	0.26
Federal funds sold and securities purchased under resale agreements		361,361			1,787		1.97			282,457			110	0.15
Trading account assets		948,725			1,364		0.57			916,448			271	0.12
Total earning assets		56,920,548			742,819		5.21			68,235,083			694,021	4.06
Allowance for loan losses		(506,452	)							(1,044,533	)
Cash and due from banks		1,606,632								1,135,794
Premises and equipment, net		475,408								668,699
Other assets		2,649,115								5,357,606
Total assets	$	61,145,251							$	74,352,649
Liabilities
Deposits:
Transaction accounts	$	15,552,783			61,636		1.58		$	33,064,944			72,837	0.87
Savings and consumer time		3,899,687			13,237		1.35			4,486,545			12,572	1.11
Large time		9,847,584			60,863		2.46			7,430,960			15,965	0.85
Total interest bearing deposits		29,300,054			135,736		1.84			44,982,449			101,374	0.89
Federal funds purchased and securities sold under repurchase agreements		3,496,184			15,365		1.75			169,267			41	0.09
Net funding allocated from (to) discontinued operations (13)		55,121			265		1.91			-			-	-
Commercial paper		1,432,207			8,056		2.24			472,246			355	0.30
Other borrowed funds (14)		4,886,263			34,873		2.84			262,441			604	0.91
Medium- and long-term debt		3,300,675			25,989		3.13			5,098,821			27,112	2.11
Trust notes		14,148			239		6.73			13,696			239	6.96
Total borrowed funds		13,184,598			84,787		2.56			6,016,471			28,351	1.87
Total interest bearing liabilities		42,484,652			220,523		2.06			50,998,920			129,725	1.01
Noninterest bearing deposits		12,361,170								14,471,487
Other liabilities		1,710,988								1,523,469
Total liabilities		56,556,810								66,993,876
Stockholder's Equity
Common equity		4,588,441								7,358,773
Total stockholder's equity		4,588,441								7,358,773
Total liabilities and stockholder's equity	$	61,145,251							$	74,352,649
Reported Net Interest Income/Margin
Net interest income/margin (taxable-equivalent basis)					522,296		3.67	%					564,296	3.31	%
Less: taxable-equivalent adjustment					2,550								3,260
Net interest income				$	519,746							$	561,036

Average Assets and Liabilities of Discontinued Operations for Period Ended:
				September 30, 2008								September 30, 2009
Assets				$	5,738							$	-
Liabilities				$	60,859							$	-
Net Liabilities				$	(55,121	)						$	-


Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Net Interest Income (Unaudited)
Exhibit 7

	For the Three Months Ended
	June 30, 2009 (1)							September 30, 2009 (1)
(Dollars in thousands)	Average Balance			Interest Income/ Expense (2)		Average Yield/ Rate (2)(5)		Average Balance			Interest Income/ Expense (2)		Average Yield/ Rate (2)(5)
Assets
Loans: (12)
Commercial, financial and industrial	$	17,920,408		$	194,560	4.35	%	$	16,805,449		$	188,974	4.46	%
Construction		2,788,671			20,658	2.97			2,772,804			20,828	2.98
Mortgage - Residential		16,089,739			230,269	5.72			16,380,014			230,210	5.62
Mortgage - Commercial		8,254,595			91,689	4.44			8,261,161			88,998	4.31
Consumer		3,841,202			44,116	4.61			3,882,929			44,042	4.50
Lease financing		661,607			5,598	3.38			662,469			5,462	3.30
Total loans		49,556,222			586,890	4.74			48,764,826			578,514	4.73
Securities - taxable		8,564,355			97,738	4.56			10,590,200			107,171	4.05
Securities - tax-exempt		48,176			1,016	8.44			184,772			2,999	6.49
Interest bearing deposits in banks		5,594,318			3,550	0.25			7,496,380			4,956	0.26
Federal funds sold and securities purchased under resale agreements		203,529			97	0.19			282,457			110	0.15
Trading account assets		1,041,623			231	0.09			916,448			271	0.12
Total earning assets		65,008,223			689,522	4.25			68,235,083			694,021	4.06
Allowance for loan losses		(839,115	)						(1,044,533	)
Cash and due from banks		1,285,449							1,135,794
Premises and equipment, net		669,993							668,699
Other assets		5,370,676							5,357,606
Total assets	$	71,495,226						$	74,352,649
Liabilities
Deposits:
Transaction accounts	$	29,514,913			66,549	0.90		$	33,064,944			72,837	0.87
Savings and consumer time		4,328,326			13,546	1.26			4,486,545			12,572	1.11
Large time		6,604,845			20,091	1.22			7,430,960			15,965	0.85
Total interest bearing deposits		40,448,084			100,186	0.99			44,982,449			101,374	0.89
Federal funds purchased and securities sold under repurchase agreements		163,381			19	0.05			169,267			41	0.09
Commercial paper		569,337			954	0.67			472,246			355	0.30
Other borrowed funds (14)		2,124,419			5,616	1.06			262,441			604	0.91
Medium- and long-term debt		5,137,901			29,415	2.30			5,098,821			27,112	2.11
Trust notes		13,809			238	6.90			13,696			239	6.96
Total borrowed funds		8,008,847			36,242	1.82			6,016,471			28,351	1.87
Total interest bearing liabilities		48,456,931			136,428	1.13			50,998,920			129,725	1.01
Noninterest bearing deposits		13,904,328							14,471,487
Other liabilities		1,830,917							1,523,469
Total liabilities		64,192,176							66,993,876
Stockholder's Equity
Common equity		7,303,050							7,358,773
Total stockholder's equity		7,303,050							7,358,773
Total liabilities and stockholder's equity	$	71,495,226						$	74,352,649
Reported Net Interest Income/Margin
Net interest income/margin (taxable-equivalent basis)					553,094	3.41	%					564,296	3.31	%
Less: taxable-equivalent adjustment					2,748							3,260
Net interest income				$	550,346						$	561,036

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Net Interest Income (Unaudited)
Exhibit 8

	For the Nine Months Ended
	September 30, 2008								September 30, 2009 (1)
(Dollars in thousands)	Average Balance			Interest Income/ Expense (2)			Average Yield/ Rate (2)(5)		Average Balance			Interest Income/ Expense (2)		Average Yield/ Rate (2)(5)
Assets
Loans: (12)
Commercial, financial and industrial	$	16,623,490		$	697,292		5.60	%	$	17,737,052		$	577,321	4.35	%
Construction		2,551,348			97,763		5.12			2,765,178			60,747	2.94
Residential mortgage		14,593,755			604,506		5.52			16,132,655			694,917	5.74
Commercial mortgage		7,694,956			336,508		5.83			8,256,389			283,076	4.57
Consumer		3,030,042			140,129		6.18			3,816,050			134,697	4.72
Lease financing		644,553			13,534		2.80			658,956			18,713	3.79
Total loans		45,138,144			1,889,732		5.59			49,366,280			1,769,471	4.78
Securities - taxable		8,332,647			301,810		4.83			9,166,395			307,165	4.47
Securities - tax-exempt		52,641			3,232		8.19			94,947			5,040	7.08
Interest bearing deposits in banks		36,936			503		1.82			4,664,896			9,406	0.27
Federal funds sold and securities purchased under resale agreements		301,153			5,573		2.47			227,832			348	0.20
Trading account assets		827,881			5,287		0.85			1,073,477			660	0.08
Total earning assets		54,689,402			2,206,137		5.38			64,593,827			2,092,090	4.32
Allowance for loan losses		(454,191	)							(865,208	)
Cash and due from banks		1,675,293								1,244,981
Premises and equipment, net		480,705								670,884
Other assets		2,632,406								5,355,766
Total assets	$	59,023,615							$	71,000,250
Liabilities
Deposits:
Transaction accounts	$	15,323,611			204,064		1.78		$	28,397,683			200,483	0.94
Savings and consumer time		3,974,976			50,684		1.70			4,394,706			42,057	1.28
Large time		10,909,525			246,157		3.01			7,090,250			64,058	1.21
Total interest bearing deposits		30,208,112			500,905		2.21			39,882,639			306,598	1.03
Federal funds purchased and securities sold under repurchase agreements		2,628,257			43,628		2.22			194,562			113	0.08
Net funding allocated from (to) discontinued operations (13)		45,520			774		2.27			-			-	-
Commercial paper		1,375,789			26,127		2.54			586,754			2,901	0.66
Other borrowed funds (14)		3,224,146			70,563		2.92			2,472,324			17,697	0.96
Medium- and long-term debt		2,594,875			65,138		3.35			4,994,660			84,056	2.25
Trust notes		14,261			715		6.68			13,808			715	6.90
Total borrowed funds		9,882,848			206,945		2.80			8,262,108			105,482	1.71
Total interest bearing liabilities		40,090,960			707,850		2.36			48,144,747			412,080	1.14
Noninterest bearing deposits		12,613,690								13,644,163
Other liabilities		1,678,057								1,878,593
Total liabilities		54,382,707								63,667,503
Stockholder's Equity
Common equity		4,640,908								7,332,747
Total stockholder's equity		4,640,908								7,332,747
Total liabilities and stockholder's equity	$	59,023,615							$	71,000,250
Reported Net Interest Income/Margin
Net interest income/margin (taxable-equivalent basis)					1,498,287		3.65	%					1,680,010	3.47	%
Less: taxable-equivalent adjustment					7,405								8,625
Net interest income				$	1,490,882							$	1,671,385

Average Assets and Liabilities of Discontinued Operations for Period Ended:
				September 30, 2008								September 30, 2009
Assets				$	74,723							$	-
Liabilities				$	120,243							$	-
Net Liabilities				$	(45,520	)						$	-


Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries

Noninterest income (Unaudited)
Exhibit 9

	For the Three Months Ended								Percentage Change to September 30, 2009 from
(Dollars in thousands)	September 30, 2008		June 30, 2009 (1)			September 30, 2009 (1)			September 30, 2008			June 30, 2009
Service charges on deposit accounts	$	77,079	$	71,843		$	74,888		(2.84	)	%	4.24		%
Trust and investment management fees		40,638		34,130			34,506		(15.09	)		1.10
Merchant banking fees		12,789		19,924			14,601		14.17			(26.72	)
Securities gains (losses), net		50		(172	)		12,694		nm			nm
Trading account activities		12,397		16,251			10,513		(15.20	)		(35.31	)
Brokerage commissions and fees		9,520		8,506			8,611		(9.55	)		1.23
Card processing fees, net		8,129		8,124			8,559		5.29			5.35
Gains (losses) on private capital investments, net		5,597		(1,123	)		(18	)	nm			(98.40	)
Other		32,522		25,730			19,575		(39.81	)		(23.92	)
Total noninterest income	$	198,721	$	183,213		$	183,929		(7.44	)	%	0.39		%

Noninterest expense (Unaudited)

	For the Three Months Ended								Percentage Change to September 30, 2009 from
(Dollars in thousands)	September 30, 2008		June 30, 2009 (1)			September 30, 2009 (1)			September 30, 2008			June 30, 2009
Salaries and other compensation	$	204,389	$	191,104		$	198,768		(2.75	)	%	4.01		%
Employee benefits		33,740		41,953			35,213		4.37			(16.07	)
Salaries and employee benefits		238,129		233,057			233,981		(1.74	)		0.40
Net occupancy		38,574		43,222			43,146		11.85			(0.18	)
Intangible asset amortization		671		40,281			40,641		nm			0.89
Regulatory agencies		8,572		52,836			30,739		nm			(41.82	)
Outside services		20,741		22,948			22,219		7.13			(3.18	)
Equipment		14,437		16,602			17,838		23.56			7.44
Professional services		17,236		19,489			17,647		2.38			(9.45	)
Software		14,812		14,205			16,502		11.41			16.17
Advertising and public relations		12,624		11,349			14,562		15.35			28.31
Low income housing credit investment amortization		11,616		11,026			13,064		12.47			18.48
Communications		9,204		9,192			9,494		3.15			3.29
Data processing		8,945		8,042			7,975		(10.84	)		(0.83	)
Foreclosed asset expense (income)		524		3,282			(144	)	nm			nm
Provision for losses on off-balance sheet commitments		8,000		15,000			6,000		(25.00	)		(60.00	)
Privatization-related expense		6,193		7,433			6,649		7.36			(10.55	)
Other		33,534		24,094			25,502		(23.95	)		5.84
Total noninterest expense	$	443,812	$	532,058		$	505,815		13.97		%	(4.93	)	%

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries

Noninterest income (Unaudited)
Exhibit 10

	For the Nine Months Ended		Percentage Change to September 30, 2009 from
(Dollars in thousands)	September 30, 2008	September 30, 2009 (1)	September 30, 2008
Service charges on deposit accounts	$ 229,521	$ 218,053	(5.00)	%
Trust and investment management fees	127,828	102,543	(19.78)
Trading account activities	40,096	49,456	23.34
Merchant banking fees	35,667	48,357	35.58
Brokerage commissions and fees	30,014	25,424	(15.29)
Card processing fees, net	24,060	24,219	0.66
Securities losses, net	48	12,522	nm
Gains (losses) on private capital investments, net	7,949	(3,262)	nm
Gains on the VISA IPO redemption	14,211	-	(100.00)
Other	84,349	64,546	(23.48)
Total noninterest income	$ 593,743	$ 541,858	(8.74)	%

Noninterest expense (Unaudited)

	For the Nine Months Ended		Percentage Change to September 30, 2009 from
(Dollars in thousands)	September 30, 2008	September 30, 2009 (1)	September 30, 2008
Salaries and other compensation	$ 600,477	$ 578,095	(3.73)	%
Employee benefits	122,621	132,506	8.06
Salaries and employee benefits	723,098	710,601	(1.73)
Net occupancy	113,008	128,289	13.52
Intangible asset amortization	2,011	121,809	nm
Regulatory agencies	16,078	101,513	nm
Outside services	58,045	64,001	10.26
Professional services	47,764	53,074	11.12
Equipment	44,925	49,853	10.97
Software	44,016	45,745	3.93
Advertising and public relations	33,579	36,532	8.79
Low income housing credit investment amortization	29,248	34,256	17.12
Communications	27,690	27,404	(1.03)
Data processing	23,805	24,592	3.31
Foreclosed asset expense (income)	696	4,024	nm
Provision for losses on off-balance sheet commitments	21,000	47,000	nm
Privatization-related expense	6,193	40,901	nm
Other	75,174	69,662	(7.33)
Total noninterest expense	$ 1,266,330	$ 1,559,256	23.13	%

Refer to Exhibit 12 for footnote explanations.

UnionBanCal Corporation and Subsidiaries

Reconciliation of Non-GAAP Measures (Unaudited)
Exhibit 11

The following table presents a reconciliation between certain Generally Accepted Accounting Principles (GAAP) amounts and specific non-GAAP measures as used to complete selected non-GAAP financial ratios.

	For the three months ended									For the nine months ended
(Dollars in thousands)	September 30, 2008			June 30, 2009			September 30, 2009			September 30, 2008			September 30, 2009

Income (loss) from continuing operations	$	110,106		$	(80,007	)	$	(17,029	)	$	366,802		$	(106,844	)
Privatization-related expense, net of tax		6,193			4,514			(460	)		6,193			20,414
Net accretion and amortization related to fair value adjustments, net of tax		-			8,765			11,832			-			25,115
Income (loss) from continuing operations, excluding impact of privatization transaction	$	116,299		$	(66,728	)	$	(5,657	)	$	372,995		$	(61,315	)

Average total assets	$	61,145,251		$	71,495,226		$	74,352,649		$	59,023,615		$	71,000,250
Net adjustments related to privatization transaction		(329	)		2,610,303			2,590,543			(111	)		2,607,236
Average total assets, excluding impact of privatization transaction	$	61,145,580		$	68,884,923		$	71,762,106		$	59,023,726		$	68,393,014

Return on average assets from continuing operations		0.72	%		(0.45	%)		(0.09	%)		0.83	%		(0.20	%)
Effect of privatization transaction		0.04	%		0.06	%		0.06	%		0.01	%		0.08	%
Return on average assets from continuing operations, excluding impact of privatization transaction		0.76	%		(0.39	%)		(0.03	%)		0.84	%		(0.12	%)

Average stockholder's equity	$	4,588,441		$	7,303,050		$	7,358,773		$	4,640,908		$	7,332,747
Net adjustments related to privatization transaction		-			2,423,392			2,418,824			-			2,410,287
Average stockholder's equity, excluding impact of privatization transaction	$	4,588,441		$	4,879,658		$	4,939,949		$	4,640,908		$	4,922,460

Return on stockholder's equity from continuing operations		9.55	%		(4.39	%)		(0.92	%)		10.56	%		(1.95	%)
Effect of privatization transaction		0.53	%		(1.09	%)		0.47	%		0.18	%		0.28	%
Return on stockholder's equity, excluding impact of privatization transaction		10.08	%		(5.48	%)		(0.45	%)		10.74	%		(1.67	%)

Noninterest expense	$	443,812		$	532,058		$	505,815		$	1,266,330		$	1,559,256
Privatization-related expense		6,193			7,433			6,649			6,193			40,901
Amortization related to fair value adjustments		-			41,894			42,548			-			126,985
Noninterest expense, excluding impact of privatization transaction	$	437,619		$	482,731		$	456,618		$	1,260,137		$	1,391,370

Total revenue	$	721,017		$	736,307		$	748,225		$	2,092,030		$	2,221,868
Accretion related to fair value adjustments		-			27,455			23,060			-			85,616
Total revenue, excluding impact of privatization transaction	$	721,017		$	708,852		$	725,165		$	2,092,030		$	2,136,252

Efficiency ratio		58.76	%		68.28	%		65.07	%		58.10	%		66.34	%
Effect of privatization transaction		(0.86	%)		(4.31	%)		(4.71	%)		(0.30	%)		(5.20	%)
Efficiency ratio, excluding impact of privatization transaction		57.90	%		63.97	%		60.36	%		57.80	%		61.14	%

UnionBanCal Corporation and Subsidiaries

Footnotes
Exhibit 12


⁽¹⁾		On November 4, 2008, Mitsubishi UFJ Financial Group, Inc. (MUFG), through its wholly-owned subsidiary, The Bank of Tokyo - Mitsubishi UFJ, Ltd. (BTMU), completed its acquisition of all of the remaining outstanding shares of UnionBanCal Corporation (the Company) common stock (the “privatization transaction”). The Company estimated the fair value of its tangible assets and liabilities as of October 1, 2008 and recorded fair value adjustments to its tangible assets and liabilities equivalent to the proportionate incremental percentage ownership acquired by BTMU in the privatization transaction. In addition, the Company recorded goodwill and other intangible assets. The Company’s financial condition as of December 31, 2008 and subsequent periods reflect the impact of these fair value adjustments and other amounts recorded. The Company’s results of operations for the nine months ended September 30, 2009 include accretion and amortization related to the fair value adjustments.
⁽²⁾		Yields and interest income are presented on a taxable-equivalent basis using the federal statutory tax rate of 35 percent.
⁽³⁾		End of period total assets and assets used in calculating these ratios include those of discontinued operations.
⁽⁴⁾		Average balances used to calculate our financial ratios are based on continuing operations data only, unless otherwise indicated.
⁽⁵⁾		Annualized.
⁽⁶⁾		The efficiency ratio is noninterest expense, excluding foreclosed asset expense (income), the provision for losses on off-balance sheet commitments and low income housing credit (LIHC) investment amortization expense, as a percentage of net interest income (taxable-equivalent basis) and noninterest income, and is calculated for continuing operations only.
⁽⁷⁾		The tangible common equity ratio is the ratio of total equity less intangibles (net of the corresponding deferred tax liability), as a percentage of total assets, less intangibles.
⁽⁸⁾		The Tier 1 common capital ratio is the ratio of Tier 1 common capital to risk weighted assets.
⁽⁹⁾		Estimated as of September 30, 2009. The regulatory capital and leverage ratios include discontinued operations.
⁽¹⁰⁾		The allowance for credit losses ratios include the allowances for loan losses and losses on off-balance sheet commitments. These ratios relate to continuing operations only.
⁽¹¹⁾		Reflects previously disclosed change in accounting policy for residential and home equity loans 90 days or more past due, which was effective January 1, 2009.
⁽¹²⁾		Average balances on loans outstanding include all nonperforming loans and loans held for sale. The amortized portion of net loan origination fees (costs) is included in interest income on loans, representing an adjustment to the yield.
⁽¹³⁾		Net funding allocated from (to) discontinued operations represents the shortage (excess) of assets over liabilities of discontinued operations. The expense (earning) on funds allocated from (to) discontinued operations is calculated by taking the net balance and applying an earnings rate or a cost of funds equivalent to the corresponding period's Federal funds purchased rate.
⁽¹⁴⁾		Includes interest bearing trading liabilities.
⁽¹⁵⁾		These ratios exclude the impact of the privatization transaction. Please refer to Exhibit 11 for a reconciliation between certain Generally Accepted Accounting Principles (GAAP) amounts and these non-GAAP measures.
nm = not meaningful

CONTACT:
UnionBanCal Corporation
Stephen L. Johnson, 415-765-3252
Public Relations
Michelle R. Crandall, 415-765-2780
Investor Relations