(English Translation)

Attention: This document is an unofficial translation of a press release announced on August 5,
2011 by Daiwa Securities Group Inc. and Daiwa Corporate Investment Co., Ltd. The original
press release is in Japanese.

August 5, 2011

Daiwa Securities Group Inc.
Daiwa Corporate Investment Co., Ltd.

Notice regarding Entry into with Nichii Gakkan Company ofTender Agreement with respect to Shares of GABA Corporation andShare Purchase Agreement with respect to Preferred Shares of GABA Corporation

Daiwa Corporate Investment Co., Ltd. (hereafter, DCI) has announced, as outlined below,that DCI has entered into with Nichii Gakkan Company (Head office at Chiyoda, Tokyo; andRepresentative Director and President being Mr. Masatoshi Saito) (hereafter, Nichii Gakkan) as oftoday certain agreement under which DCI has agreed to tender common shares of GABA Corporation(Head office at Shibuya, Tokyo; and Representative Director and President being Mr. KenjiKamiyama) (hereafter, GABA) owned by DCI in a tender offer to be conducted by Nichii Gakkan(hereafter, the Tender Offer). In addition, Daiwa Securities Group Inc. (hereafter, DSGI) is pleased
to announce, as outlined below, that DSGI has entered into with Nichii Gakkan as of today certain
agreement under which DSGI has agreed to tender Series 4 Share Subscription Rights of GABA
(hereafter, the Series 4 Share Subscription Rights) owned by DSGI in the Tender Offer and certain
agreement under which DSGI has agreed to sell Class A Preferred Shares of GABA (hereafter, thePreferred Shares) owned by DSGI to Nichii Gakkan (those three agreements being collectivelyreferred to as the Agreements).
1. Outline of Agreements(1) Numbers of shares to be tendered and number of shares to be sold(i) Common Shares (owned by DCI)
Number of shares owned by DCI before tender
Number of shares to be tendered
Number of shares owned by DCI after tender

26,390 shares
26,390 shares
0 shares(ii) Series 4 Share Subscription Rights (owned by DSGI)
Number of rights owned by DSGI before tender
Number of rights to be tendered
Number of rights owned by DSGI after tender

1,066 rights
1,066 rights
0 rights(iii) Class A Preferred Shares (owned by DSGI)
Number of shares owned by DSGI before sale
Number of shares to be soldNumber of shares owned by DSGI after sale

43 shares
43 shares
0 shares(Note 1) DSGI may tender common shares acquired upon exercise of the Series 4 Share
Subscription Rights, instead of all or a part of the Series 4 Share Subscription-1-

(English Translation)
Rights.
(Note 2) The Class A Preferred Shares will not be subject to the Tender Offer because Class
A Preferred Shares have no voting rights and are not convertible into commonshares,(2) Sales Price
Common Shares
Series 4 Share Subscription Rights
Class A Preferred Shares

JPY200,000 per share
JPY250,000 per right
JPY10,072,925 per share(Note 3) If the settlement date of the sale of the Class A Preferred Shares (which isscheduled for September 30, 2011) is to be changed, the sales price of the Class A
Preferred Shares will be changed in accordance with certain calculation formula.
2. Schedule of Tender Offer
August 5, 2011 (Fri)
August 8, 2011 (Mon)
September 21, 2011 (Wed)
September 29, 2011 (Thu)

Announcement of the Tender Offer
Signing of the Agreements
Public notice of commencement of the Tender Offer
End of offer period of the Tender Offer
Commencement date of settlement

3. Reason for Execution of Agreements
Considering that it is expected for GABA to lead to an increase in the corporate value in thefuture to become a member of Nichii Gakkan group to develop its business further, DSGI andDCI have decided to apply for the Tender Offer and the sales of the Preferred Shares.
End.

Contacts:
Daiwa Securities Group Inc.
Attention: Shirakawa, Misawa, Kishino, Niida and Kinoshita; Public Relations Department
TEL: +81-3-5555-1165
Daiwa Corporate Investment Co., Ltd.
Attention: Tabata, Corporate Planning Department
TEL: +81-3-5555-6300 (main)-2-