February 22, 2011
Nikko Cordial Securities Inc.

Nikko Cordial’s Equity Participation into PetroVietnam Securities Incorporated,
In An Aim For Strategic Alliance

Nikko Cordial Securities Inc. (hereafter, referred to as Nikko Cordial) is pleased to announce thattoday it acquires shares of PetroVietnam Securities Incorporated (hereafter, referred to as PSI), a
securities company incorporated in the Socialist Republic of Vietnam, who is under umbrella ofVietnam Oil and Gas Group (hereafter referred to as PVN). Nikko Cordial’s equity participation
into PSI is made in a form of private placement. Nikko Cordial has contributed 133,744.5 million
Vietnamese Dong (approximately 578 million Japanese Yen equivalent), to acquire approximately
14.90 % stake in PSI.
Nikko Cordial now also informs that it has formed strategic alliance with PSI simultaneously. In
accordance with the strategic alliance agreement, Nikko Cordial will support businessdevelopment and expansion of PSI, and will also assist PVN Group in fund raising activities
practiced in overseas capital markets. In addition, Nikko Cordial and PSI will collaborate witheach other in various business areas such as assistance for overseas expansion by theirrespective clients.
PSI is a securities company of PVN Group, a leading business group in Vietnam, and exclusively
conducts fund-raising for the entire Group. Through this equity participation and formation of thestrategic alliance agreement, Nikko Cordial will aim to strengthen relationship with PSI and PVNGroup, and expand securities businesses in and between Japan and Vietnam.
1. Outline of Capital Alliance(1) Class, and Number of Shares ToBe Acquired(2) Purchase Price Per Share(3) Total Acquisition Price(4) Number of Shares Nikko Cordialholds / Holding Ratio pre-closing(5) Number of Shares Nikko Cordial willhold / Holding Ratio post-closing(6) Closing Date

8,916,300 ordinary shares
15,000 Vietnamese Dong (approximately 65 Japanese Yenequivalent)
133,744.5 million Vietnamese Dong
(approximately 578 million Japanese Yen)
0 / 0.00%
8,916,300 / approximately 14.90%
February 22, 20111

2. Outline of Strategic Alliance Agreement(1) Nikko Cordial has first priority access to fund raising offered by Vietnamese companies
where PSI acts as a manager / advisor etc. (e.g. capital raising opportunities to beattempted by PVN Group companies in overseas capital markets, privatization ofVietnamese state-owned enterprises, and M&A deals in which Japanese enterprises areinvolved, etc.). Nikko Cordial will also collaborate with PSI in other deals arising inVietnam.
(2) Nikko Cordial provides guidance and advice onto management and businesses of PSI,
seconds its executives / staffs to PSI (including board participation), and provides training
for PSI’s staff at Nikko Cordial’s offices.
3. Outline of PSI (post-closing)(1) Company name(2) Head Office(3) Principal BusinessPetroVietnam Securities Incorporated (“PSI”)(4) Amount of Capital

Approximately 598.4 billion Vietnamese Dong (*approximately 2.4

18 Ly Thuong Kiet Str. Hoan Kiem Dist., Hanoi, Vietnam
Securities businessbillion Japanese Yen)

(5) Date of Incorporation(6) Listing Status(7) Number of Shares Issued(8) Major Shareholders andDecember 19, 2006
Listed at Hanoi Stock Exchange
59,841,300 shares
Saigon Hanoi Fund17.04%

Share Holding Ratio

PetroVietnam Finance Corporation

8.98%(as of December 31, 2010)

PetroVietnam Federal Trade & Investment

7.85%

PetroVietnam Finance Investment

7.76%

Others

58.37%(35.09 % of shares held by PVN Group pre-closing.)(9) Web Site

http://www.psi.vn/*1 Vietnamese Dong = 0.004 Japanese Yen equivalent###2