March 16, 2017
SMBC Nikko Securities Inc.

Organizational and Personnel Changes

SMBC Nikko Securities Inc. announces organizational and personnel changes as follows.
1. Organizational Changes (Effective as of March 16, 2017)(1) Administrative Operation
Administrative Operation Division is renamed Business Process Planning Division.
(2) FinanceAccounting Division is renamed Financial Planning Division.
(3) Equity
Equity Solutions Division is renamed Equity Structuring and Solutions Division.
(4) Financial Markets
Fixed Income Trading I-II Divisions are renamed Fixed Income Sales I-II Divisions.
(5) Sales Planning
Sales Business Promotion Division is established.
(6) Solution Business Planning
Solution Business is renamed Solution Business Planning.
(7) Customer Service
Equity Advice Center Division is renamed Equity Advisory Division.
(8) Shutoken East District
Tokyo District Sales Division is reorganized as Tokyo District Sales Section.
(9) Regional Financial Institutions and Corporate Clients
Institutional Business is renamed Regional Financial Institutions and Corporate Clients.
Corporate Business Solutions Division is renamed Regional Financial Institutions andCorporate Business Promotion Division and transferred from Solution Business Planning toRegional Financial Institutions and Corporate Clients.
.

This material is an English translation of Japanese announcement made on March 16, 2017. Although the company intended to faithfullytranslate the Japanese document into English, the accuracy and correctness of this translation are not guaranteed and thus you areencouraged to refer to the original Japanese document.

(10) Regional Corporate Clients
Regional Corporate Clients is established.
Investment Banking Business Marketing Section of Institutional Business Division isreorganized as Regional Corporate Business Promotion Division and transferred from
Regional Financial Institutions and Corporate Clients to Regional Corporate Clients.
(11) Public Institutions
Corporate & Public Institutions is renamed Public Institutions.
(12) Private BankingNagoya PB Section of Private Banking III Division is reorganized as Nagoya Private
Banking Division.
(13) Compensation & Benefit Planning Solutions
Compensation & Benefit Planning Solutions is abolished.
(14) Corporate Banking
Corporate Banking is established.
Investment Banking VIII Division is reorganized as Corporate Banking I Division andCorporate Banking II Division and transferred from Investment Banking to CorporateBanking.
Part of business of Corporate Clients I-III Divisions are transferred to Corporate Banking I
Division.
Part of business of Corporate Clients IV-VII Divisions are transferred to Corporate Banking IIDivision.
Investment Banking Osaka Division is renamed Corporate Banking Osaka Division andtransferred from Investment Banking to Corporate Banking.
(15) Corporate BusinessCorporate Business is established.
Compensation & Benefit Planning Solutions Division is transferred from Compensation &Benefit Planning Solutions to Corporate Business
Compensation & Benefit Planning Division is renamed Business Processing ofCompensation & Benefit Plan Division and transferred from Administrative Operation toCorporate Business.
Sales & Advisory - Corporate Clients Division is transferred from Public Institutions toCorporate Business.

22. Changes in Directors and Executive Officers (Effective as of March 16, 2017)(1) Retirement of Director and Executive Officers

Hiroyuki Iwami

AdvisorFumihiko Yamanaka

AdvisorYasushi Tachihara

Representative Director, President & CEO, Nikko Investor
Relations., Ltd (Effective as of April 1, 2017)

Tatsuya Shiomi

Executive Managing Director, Nikko Business Systems Co.,
Ltd. (Effective as of April 1, 2017)(2) Changes in Directors and Executive Officers

Masashi Iwakigawa

Executive Deputy President, Head of Planning Unit and Headof International Business Unit

Kohei Hirota

Executive Deputy President, Representative ManagingDirector of Osaka and Head of Corporate Clients &Investment Banking Unit

Noriyoshi Suzuki

Executive Deputy President, Head of Private Banking
Business

Hiroshi Mishima

Senior Executive Officer, Head of Products Unit

Hiroaki Toyoda

Managing Executive Officer, Head of Sales Unit

Akira Inoue

Executive Managing Director, Head of Administration Unit,
Head of Administrative Operation Unit and Head of Risk
Management

Kenichi Hida

Managing Executive Officer, Head of Public Institutions

Takashi Aiki

ManagingOperation

Naoki Takahashi

Managing Executive Officer, Senior Deputy Head ofCorporate Clients & Investment Banking Unit and Head ofCorporate Clients (Corporate Clients I, Corporate Clients II,Corporate Clients VII)

Tomonari Kimura

Executive Officer, Head of Corporate Clients Osaka andHead of Corporate Banking (Corporate Banking Osaka)

Executive

3Officer,

HeadofAdministrativeHideyuki Aoki

Executive Officer, Head of IPO Underwriting & Consulting,
Investment Banking

Satoshi Osawa

Executive Officer, Senior Deputy Head of Sales Unit andHead of Regional Financial Institutions and Corporate Clients

Masaharu Suenaga

Executive Officer, Head of Corporate Clients (CorporateClients III, Corporate Clients V, Corporate Clients VIII,
Corporate Clients X) and Head of Corporate Business

Hitoshi Ueda

Executive Officer, Head of West Japan District

Masashi Sakamoto

Executive Officer, Head of Sales Planning, Head of Solution
Business Planning and Head of Customer ServiceHideki Sakamoto

Executive Officer, Head of Investment Banking (InvestmentBanking IV, Investment Banking VI, Investment Banking VII,Industrial Research) and Head of Corporate Banking(Corporate Banking I, Corporate Banking II)

Yaoki Tsutsumi

Executive Officer, Head of FinanceShoji Suzuki

Executive Officer, Head of Shutoken District

Susumu Kanda

Executive Officer, Head of Regional Corporate Clients

Shunta Ide

Executive Officer, Head of Financial Markets and Co-Head ofResearch (Financial Market & Economic Research)Kazuya Noguchi

Executive Officer, Head of Tokai/Hokuriku District

Hideaki Inaoka

Executive Officer, Head of Kinki District

Nobu Sakamoto

Executive Officer, General Manager, Management Planning& Administration

43. Personnel Changes (Effective as of March 16, 2017)

Toshio Sadayuki

Deputy Head of Regional Financial Institutions and Corporate
Clients

Taichi Utsumi

General Manager, Aomori Branch

Makoto Kubota

General Manager, Nagano Branch

Hidenori Tashiro

General Manager, Matsumoto Branch

Takuya Higashitaki

General Manager, Ikebukuro Branch

Kazuhiro Ueda

General Manager, Urawa Branch

Takayuki Okuma

General Manager, Oizumi Branch

Dai Takahashi

General Manager, Kichijoji Branch

Nobuyuki Tanaka

General Manager, Koganei Branch

Tatsuhiko Saito

General Manager, Hamadayama Branch

Akiko Kakizawa

General Manager, Tsudanuma Branch

Naoko Hayashi

General Manager, Motoyawata Branch

Kenji Kawamura

General Manager, Yaesu Branch

Yosuke Tanaka

General Manager, Akasaka Branch

Motohiro Ishihara

General Manager, Kawasaki Branch

Shinya Kanamitsu

General Manager, Shimokitazawa Branch

Hiroki Kishi

General Manager, Yokohama Branch

Yoshiyuki Suzuki

General Sales Manager, Yokohama Branch

Toyo Mizuno

General Manager, Gifu Branch

Hiroki Takeda

General Sales Manager, Shizuoka Branch

Eiji Terashi

General Manager, Nagoya-ekimae Branch

Tatsuya Sumita

General Manager, Numazu Branch

Hiroyasu Fujikawa

General Manager, Sakai Branch

5Yoshifumi Higashimura

General Manager, Takatsuki Branch

Masaaki Yamamoto

General Manager, Moriguchi Branch

Kiichi Omuro

General Manager, Wakayama Branch

Daiji Nakata

General Manager, Kobe Branch

Tsuyoshi Mizoo

General Manager, Tokushima Branch

Masao Tomita

General Manager, Himeji Branch

Yoshihiko Hatano

General Manager, Hiroshima Branch

Toru Kubota

General Manager, Kagoshima Branch

Seiji Kato

General Manager, Kita-Kyushu Branch

Jun Saito

General Manager, Kumamoto BranchKenji Kagami

General Manager, Saga Branch

Etsuko Okada

General Sales Manager, Fukuoka Branch

Akihiko Nagayama

General Manager, Internal Audit

Kunihiro Ouchi

General Manager, Personnel Development

Joni Takioka

General Manager, Secretarial

Shunsuke Kuwamura

General Manager, Compliance

Yoshinori Sudo

General Manager, Branch Business Compliance

Masaaki Hirowatari

General Manager, Compliance - Products & Corporate
Business

Atsushi Fujita

General Manager, Securities Trading Supervisory Operation

Yutaka Tatsuno

Deputy Head of Risk Management

Toshiyuki Hori

General Manager, Risk Management

Atsushi Takahashi

General Manager, Business Process Planning

Takashi Yamamoto

General Manager, Institutional Business Operation

Makoto Nishioka

Deputy Head of Product Marketing

6Jiyunko Ikarashi

General Manager, Asset Management Products

Takayuki Sasaki

General Manager, Asset Management Marketing andSection Manager, Institutional Business Marketing

Toshinobu Genozono

General Manager, Equity Marketing

Shinichiro Okazaki

General Manager, Equity Products Solutions

Koichi Yamaguchi

General Manager, Fixed Income Sales I

Hiroyuki Goto

General Manager, Fixed Income Sales II

Shinya Yamamoto

General Manager, Financial Planning

Satoru Takeda

General Manager, Treasury

Koichi Shibata

General Manager, Communications

Ayumu Goto

General Manager, Sales Business Planning

Katsuyuki KawabataGeneral Manager, Sales Business Promotion

Hiroshi Toda

General Manager, Solution Business Planning

Seiji Takei

General Manager, Front Service Center

Hirofumi Sato

General Manager, Equity Advisory

Hiroshi Matsuoka

General Manager, SMBC Alliance Business Development

Takehiko Hirano

General Manager, SMBC Alliance Business Development
Osaka

Katsumi Oniki

Deputy Head of Regional Financial Institutions and Corporate
Clients

Koichi Urano

Deputy Head of Regional Financial Institutions and Corporate
Clients

Nobuhiro Wakamatsu

General Manager, Regional Financial Institutions andCorporate Business Promotion

Yoshiko Abe

General Manager, Regional Corporate Business Promotion

Hideki Sudo

Senior Deputy Head of Private Banking

Akira Nobuta

Deputy Head of Private Banking

Kiyokazu Watanabe

Deputy Head of Private Banking

7

Noriyuki Mashimo

General Manager, Private Banking Strategy & Planning

Yuichiro Kibe

General Manager, Private Banking I

Kayo Nakamura

General Manager, Private Banking III

Masao Sato

General Manager, Nagoya Private Banking

Ryosuke Tobita

General Manager, Osaka Private Banking

Kazunobu Nagai

General Manager, SMBC Barclays

Keiji Ibuki

General Manager,
Employees

Yoshiki Hizukuri

General Manager, Public Institution Operation

Yoshimi Wada

General Manager, Public Institutions III

Munenori Kuroyama

General Manager, Corporate Clients II

Hidetoshi Tobe

Senior Deputy Head of Corporate Banking

Kazuya Iinuma

Co-General Manager, Corporate Banking I

Tadatoshi Senoo

Co-General Manager, Corporate Banking IIYoshiaki Yamano

Co-General Manager, Corporate Banking I and Co-GeneralManager, Corporate Banking II

Hidetomo Katsuki

General Manager, Corporate Banking Osaka

Koichi Fukuta

General Manager, Corporate Clients Osaka II

Keita Suzuki

Deputy Head of Corporate Business

Hideyuki Shinike

General Manager, Business Processing of Compensation &Benefit Plan8

Personal

Advisory

forCorporate

4. Organizational Changes (Effective as of April 3, 2017)(1) Financial Products Intermediary BusinessPart of business of Financial Products Intermediary Business Division is transferred toAlliance Business Planning Division of Alliance Business
Financial Products Intermediary Business and Financial Products Intermediary Business
Division are abolished.
(2) Private Banking
SMBC Barclays Division is renamed SMBC Wealth Management Division.

5. Change in Executive Officer (Effective as of April 3, 2017)

Tomonaga Takaoka

Executive Officer, Head of Alliance Business and Senior
Deputy Head of Sales Planning

6. Personnel Changes (Effective as of April 3, 2017)
Hideo Ichiki

Deputy Head of Alliance Business

Kazunobu Nagai

General Manager, SMBC Wealth Management###9