March 26, 2013
SMBC Nikko Securities Inc.

Organizational Changes

SMBC Nikko Securities Inc. announces organizational changes as follows.

1. Organizational Changes (Effective as of March 26, 2013)(1) Compliance (Reorganized)
Retail Compliance Division is established.
(2) Products Planning & Operation (Reorganized)
Corporate Access Section is reorganized as Corporate Access Division.
(3) Equity (Reorganized)
Equity Marketing Section of Equity Advice Center is reorganized as Equity Marketing
Division.
(4) Capital Markets Origination (Reorganized)
Debt Capital Markets Division is reorganized as Debt Capital Markets I Division.
Debt Syndicate Division is reorganized as Debt Capital Markets II Division and Debt
Syndicate Division.
(5) Institutional Business Planning (Reorganized)
Institutional Business Planning Division and Investment Banking Planning Division are
integrated into Institutional Business Planning Division.
(6) Customer Service (New)
Customer Service Center, Front Service Center and Direct Marketing Division aretransferred from Retail Business Planning, and Equity Advice Center is transferred from
Equity.
Customer Service Center is reorganized as Tokyo Customer Service Center and Okinawa
Customer Service Center.
(7) Retail Business Planning (Reorganized)
Solution Business Planning Division is transferred from Solution Strategy.
(8) Wealth Management (Reorganized)
Wealth Management Compliance & Administration Section is reorganized as WealthManagement Compliance & Administration Division.
Solution Business Planning I is transferred from Solution Strategy.
(9) Solution Strategy (Abolition)
The divisions under Solution Strategy are transferred to other head offices,and Solution Strategy is abolished.
This material is an English translation of Japanese announcement made on March 26 2013. Although the company
intended to faithfully translate the Japanese document into English, the accuracy and correctness of this translation are
not guaranteed and thus you are encouraged to refer to the original Japanese document.

(10) Compensation & Benefit Planning Solutions (New)Compensation & Benefit Planning Solutions Division is transferred from Solution Strategy.
(11) IPO Underwriting & Consulting (New)IPO Underwriting & Consulting Division is transferred from Investment Banking, andPrivate Companies Division is transferred from Corporate Business.
(12) Institutional Business Kinki, Hokuriku & Tokai(Reorganized)
Institutional Business Tokai and Institutional Business Kinki & Hokuriku are integrated into
Institutional Business Kinki, Hokuriku & Tokai.
(13) Institutional Business Western Japan (Reorganized)
Financial Institutions Osaka Division and Institutional Business Kobe Division aretransferred from Institutional Business Kinki & Hokuriku.

2. Changes in Directors and Executive Officers (Effective as of March 26, 2013)(1) Retiring Directors[New] Advisor
Naoyuki Kawamoto[Current] Executive Deputy President[New] Advisor
Mitsuharu Tanaka[Current] Senior Executive Managing Director(2) Retiring Executive Officers

Hitoshi Hiramatsu[New] Senior Executive Managing Director, Nikko Business
Systems Co., Ltd. (Effective as of April 1, 2013)[Current] Managing Executive Officer[New] Advisor

Masuo Fukuda[Current] Managing Executive Officer

Yasuyoshi Asano[New] President & CEO, Nikko Business Systems Co., Ltd.
(Effective as of April 1, 2013)[Current] Managing Executive Officer[New] Senior Executive Managing Director

Yasuki Matsui[Current] Managing Executive Officer

Naotaka Fujishiro[New] Executive Managing Director, Nikko Global Wrap Ltd.
(Effective as of April 1, 2013)[Current] Executive Officer
2

Toyoshi Maeda[New] Executive Managing Director, Nikko Investor Relations.,
Ltd (Effective as of April 1, 2013)[Current] Executive Officer[New] Advisor

Ichiro Kimura[Current] Executive Officer(3) Appointment of Executive Director[New] Executive Director
Yasuki Matsui[Current] Managing Executive Officer(4) Appointment of Executive Officers[New] Executive Officer
Noriaki Iriya[Current] General Manager, Ikebukuro Branch[New] Executive Officer
Yuko Araya[Current] Deputy Head of Mergers and Acquisitions[New] Executive Officer
Masaharu Suenaga[Current] General Manager, Corporate Clients VI[New] Executive Officer
Masayoshi Furusho[Current] General Manager, Human Resources[New] Executive Officer
Tomonaga Takaoka[Current] Deputy Head of Retail Business Planning and
Deputy Head of Financial Products Intermediary Business[New] Executive Officer

Naoki Takahashi[Current] General Manager, Corporate Clients II[New] Executive Officer
Masashi Sakamoto[Current] General Manager, Products Planning & Operation(5) Promotion of Directors and Executive Officers
3[New] Senior Executive Managing Director
Yasuki Matsui[Current] Executive Director[New] Executive Managing Director
Michinori Ando
[Current] Executive Director[New] Managing Executive Officer
Hiroshige Jikihara[Current] Executive Officer[New] Managing Executive Officer
Osamu Morita[Current] Executive Officer[New] Managing Executive Officer
Hitoshi Chinen[Current] Executive Officer[New] Managing Executive Officer
Norihei Matsumoto[Current] Executive Officer[New] Managing Executive Officer
Fumihiko Yamanaka[Current] Executive Officer(6) Changes in Executive Responsibilities[New] (released) Head of Administration Unit
Naoyuki Kawamoto

Noriyoshi Suzuki

Naofumi Fuke

Mitsuharu Tanaka[Current] Executive Deputy President, Head of Administration
Unit[New] Senior Executive Managing Director, Co-Head ofCorporate Business & Investment Banking Unit
[Current] Senior Executive Managing Director, Head of
Wealth management & Solution Unit and Senior Deputy
Head of Corporate Business & Investment Banking Unit
[New] Senior Executive Managing Director, Head of Retail
Unit, Wealth management Unit, Head of Customer Service
and Head of Financial Products Intermediary Business[Current] Senior Executive Managing Director, Head of Retail
Unit and Head of Financial Products Intermediary Business[New] (released)Head of Corporate Business & Investment
Banking Unit
4

[Current] Senior Executive Managing Director, Head ofCorporate Business & Investment Banking Unit

Yasuki Matsui

Michinori Ando

Akira Nokina[New] Senior Executive Managing Director, Co-Head ofCorporate Business & Investment Banking Unit
[Current] Managing Executive Officer, Senior Deputy Head ofCorporate Business & Investment Banking Unit
[New] Executive Managing Director, Head of Human
Resources Unit, Head of Administration Unit, Head of Human
Resources and Head of Compliance[Current] Executive Director, Head of Human Resources Unit,
Head of Human Resources and Head of Compliance[New] Managing Executive Officer, Head of Institutional
Business Unit
[Current] Managing Executive Officer, Head of Institutional
Business Unit and Head of Institutional Business Kinki &Hokuriku[New] (released) Senior Deputy Head of Equity

Hitoshi Hiramatsu[Current] Managing Executive Officer, Senior Deputy Head of
Equity[New] (released) Head of Mergers and Acquisitions

Masuo Fukuda

Hisafumi Taima

Yasuyoshi Asano

Hiroshige Jikihara[Current] Managing Executive Officer, Head of Mergers andAcquisitions[New] Managing Executive Officer, Head of Equity and
Co-Head of Research(Equity Research)[Current] Managing Executive Officer, Head of Equity andHead of Research[New] (released) Head of Wealth Management, Head of
Solution Strategy, Head of Corporate Business (Private
Companies) and Head of Sales & Advisory - Corporate
Business[Current] Managing Executive Officer, Head of WealthManagement, Head of Solution Strategy, Head of Corporate
Business (Private Companies) and Head of Sales & Advisory- Corporate Business[New] Managing Executive Officer, Head of Retail Business Tokyo[Current] Executive Officer, Head of Internal Audit

Norihei Matsumoto[New] Managing Executive Officer, Co-Head of Financial
Markets and Co-Head of Research(Financial Market &Economy Research)[Current] Executive Officer, Co-Head of Financial Markets

Naotaka Fujishiro[New] (released) Senior Deputy Head of Asset Management

5[Current] Executive Officer, Senior Deputy Head of AssetManagement

Toyoshi Maeda

Hiroaki Toyoda[New] (released) Head of Retail Business - Eastern Japanand Head of Retail Business - Tokyo[Current] Executive Officer, Head of Retail Business - EasternJapan and Head of Retail Business - Tokyo[New] Executive Officer, Head of Retail Business - Kinki &Hokuriku[Current] Executive Officer, Head of Retail Business - Kinki &Hokuriku and Head of Retail Business - Western Japan[New] Executive Officer, Head of Internal Audit

Shinya Tamoto

Ichiro Kimura

Masakatsu Nagasue

Tatsuya Shiomi

Hideyuki Aoki

Akira Inoue[Current] Executive Officer, Head of Risk Management andHead of Finance[New] (released)Senior Deputy Head of Financial ProductsIntermediary Business[Current] Executive Officer, Senior Deputy Head of Financial
Products Intermediary Business[New] Executive Officer, Head of Compensation & Benefit
Planning Solutions, Head of IPO Underwriting & Consultingand Head of Sales & Advisory - Corporate Business[Current] Executive Officer, Head of Corporate Business(Corporate Clients II, Corporate Clients III and Corporate
Clients VI)[New] Executive Officer, Head of Corporate Business(Corporate Clients I, Corporate Clients III and Corporate
Clients VII)
[Current] Executive Officer, Head of Corporate Business(Corporate Clients I, Corporate Clients VII)[New] Executive Officer, Head of Institutional Business Kinki,
Hokuriku & Tokai[Current] Executive Officer, Head of Institutional Business
Tokai[New] Executive Officer, Head of Risk Management andHead of Finance[Current] Executive Officer, Senior Deputy Head of Corporate
Planning

Noriaki Iriya[New] Executive Officer, Head of Retail Business EasternJapan

Yuko Araya[New] Executive Officer, Head of Mergers and Acquisitions

Masaharu Suenaga[New] Executive Officer, Head of Corporate Business andGeneral Manager of Corporate Clients VI

Masayoshi Furusho[New] Executive Officer, Head of Retail Business - Western
Japan

Tomonaga Takaoka[New] Executive Officer, Senior Deputy Head of Retail
Business Planning and Senior Deputy Head of Financial
6

Products Intermediary BusinessNaoki Takahashi[New] Executive Officer, Head of Corporate Business andGeneral Manager of Corporate Clients II

Masashi Sakamoto[New] Executive Officer, Head of Wealth Management

3. Personnel Changes (Effective as of March 26, 2013)[New] Deputy Head of IPO Underwriting & Consulting
Tatsuya Kaneko[Current] Deputy Head of Investment Banking[New] General Manager, Aomori Branch
Yoshihiko Hatano[Current] Section Manager, Consultant Section, Osaka
Branch[New] General Manager, Omiya BranchToshihiko Yoshizumi,[Current] General Manager, Tsudanuma Branch[New] General Manager, Takasaki Branch
Hiroaki Hinata[Current] General Manager, Fujisawa Branch[New] General Manager, Tsudanuma Branch
Noriyoshi Seo[Current] General Manager, Machida Branch[New] General Manager, Tokorozawa Branch
Akira Kitajima[Current] General Manager, Financial Products IntermediaryBusiness - SMBC Marketing[New] General Manager, Fukushima Branch

Hirofumi Nakamaru[Current] Deputy General Manager, Kyoto Branch[New] General Manager, Mito Branch
Yoshiyuki Asada[Current] General Manager, Tachikawa Branch[New] General Manager, Motoyawata Branch
Kunihiro Ouchi[Current] Management Planning & Administration Division
7

[New] General Manager, Ikebukuro Branch
Yoshio Morizane[Current] General Manager, Osaka Branch[New] General Manager, Ueno Branch
Hajime Kawakami[Current] General Manager, Kagoshima Branch[New] General Manager, Kichijoji Branch
Mikio Matsui[Current] General Manager, Toyama Branch[New] General Manager, Kinshi-cho Branch
Katsuyuki Kawabata[Current] Deputy General Manager, Sapporo Branch[New] General Manager, Koganei Branch
Kiyotaka Yoshifuji[Current] Section Manager, Consultant Section, Gifu Branch[New] General Manager, Jiyugaoka Branch
Seiji Takei[Current] General Manager, Communications[New] General Manager, Toranomon Branch
Shinji Noda
[Current] General Manager, Wakayama Branch[New] General Manager, Tachikawa Branch
Hiroaki Aizawa[Current] General Manager, Public Institutions I[New] General Manager, Nakano Branch
Akiharu Akatsuka[Current] Personnel Development Division[New] General Manager, Hachioji Branch
Yasutomi Kiuchi[Current] Section Manager, Consultant Section, Fukuoka
Branch[New] General Manager, Machida Branch

Chosei Ishida[Current] Deputy General Manager, Main Branch8[New] General Manager, Tokyo District Sales Department
Katsuhide Kumano[Current] General Manager, Omiya Branch[New] General Manager, Odawara BranchToshifusa Yuya
[Current] General Manager, Otsu Branch[New] General Manager, Toyohashi Branch
Masahiko Sakaguchi[Current] Deputy General Manager, Nagoya Branch[New] General Manager, Numazu Branch
Tatsuya Nakashima[Current] Section Manager of Personal Advisor Section andSection Manager of Counter Service Section, Abeno Branch[New] General Manager, Fujisawa Branch

Haruki Takamiya[Current] General Manager, Fukushima Branch[New] General Manager, Osaka Branch
Shoji Suzuki[Current] General Manager, Kichijoji Branch[New] General Manager, Otsu Branch
Hirotoshi Nagai[Current] Section Manager, Consultant Section,
Nagoya-ekimae Branch[New] General Manager, Toyama Branch

Nobuo Suto
[Current] General Manager, Aomori Branch[New] General Manager, Hirakata Branch
Kazuyuki Takeuchi[Current] Retail Business Support Section of Retail Business
Planning Division[New] General Manager, Moriguchi Branch

Ritsuko Asami[Current] General Manager, Hamadayama Branch[New] General Manager, Wakayama BranchTakeshi Hayashi[Current] General Manager, Numazu Branch

9[New] General Manager, Kagoshima BranchTeruo Okamoto[Current] General Manager, Nakano Branch[New] General Manager, Kita-Kyushu Branch
Jyoni Takioka[Current] General Manager, Personnel Development[New] General Manager, Hiroshima Branch
Masatoshi Sugiyama[Current] General Manager, Mito Branch[New] General Manager, Fukuoka BranchSatoru Kimura[Current] General Manager, Kita-Kyushu Branch[New] General Manager, Miyazaki Branch
Tsugumichi Hino
[Current] Section Manager, Consultant Section, Main Branch[New] Deputy General Manager, Sapporo Branch
Keiji Kubo
[Current] General Manager, Hirakata Branch[New] Deputy General Manager, Main Branch
Masayuki Nishizaka[Current] General Manager, Hachioji Branch[New] Deputy General Manager, Nagoya Branch
Yoshitake Hibino[Current] General Manager, Tokorozawa Branch[New] Deputy General Manager, Kyoto Branch
Takeaki Iwashiro[Current] General Manager, Moriguchi Branch[New] Deputy General Manager, Kobe Branch
Yuji Anashige[Current] General Manager, Miyazaki Branch[New] General Manager, Human Resources
Hitoshi Ueda
[Current] General Manager, Fukuoka Branch

10[New] General Manager, Personnel Development
Keiji Wada
[Current] General Manager, Jiyugaoka Branch[New] General Manager, Compliance
Yaoki Tsutsumi[Current] Deputy Head of Capital Markets Origination[New] General Manager, Retail Compliance
Masao Tomita[Current] Deputy General Manager, Compliance[New] General Manager, Security Management
Shiro Akiyoshi[Current] General Manager, Toranomon Branch[New] General Manager, Compensation & Benefit Planning
Kenji Nasu
[Current] Deputy General Manager, Human Resources[New] General Manager, Products Planning & Operation
Ayumu Sakurai[Current] General Manager, Equity[New] General Manager, Corporate AccessNaoki Hayashi[Current] Section Manager, Corporate Access[New] General Manager, Insurance Business
Toru Okazaki[Current] Deputy General Manager, Insurance Business[New] Deputy Head of Equity
Shuji Yoshioka[Current] Co-General Manager, Management Planning &Administration[New] General Manager, Equity

Masashi Maruyama[Current] Deputy Head of Equity[New] General Manager, Equity Marketing
Shinichi Kagawa[Current] Deputy General Manager, Equity Advice Center11

[New] General Manager, NBA Research
Kazuhiro Nakanishi[Current] Deputy General Manager of Fixed Income Trading
I, Section Manager of Trading II and Deputy General
Manager of NBA Research[New] General Manager, Debt Capital Markets I

Atsuhiro Fujii[Current] General Manager, Debt Capital Markets[New] General Manager, Debt Capital Markets II
Koh Kawana[Current] Co-General Manager, Debt Syndicate[New] General Manager, Debt Syndicate
Fumio Takamatsu[Current] Co-General Manager, Debt Syndicate[New] General Manager, Mergers and Acquisitions III
Masanao Kishita[Current] Sumitomo Mitsui Banking Corporation (Temporarytransfer)[New] General Manager, Mergers and Acquisitions Osaka

Masahiro Nozaki[Current] Sumitomo Mitsui Banking Corporation (Temporarytransfer)[New] General Manager, Communications

Kiyoo Kuniyoshi[Current] Deputy General Manager, Communications

Shinya Inose[New] Co-General Manager, Management Planning &Administration[Current] General Manager, Compliance[New] Deputy Head of Institutional Business Planning

Mitsuhiro Shibahara[Current] Vice President, SMBC Nikko Securities (HongKong) Limited[New] Co-General Manager, Institutional Business PlanningShutaro Otahara[Current] General Manager, Investment Banking Planning[New] General Manager, Tokyo Customer Service Center
Hideki Inada[Current] General Manager, Customer Service Center

12

[New] General Manager, Okinawa Customer Service Center
Masakatsu Tsukurimichi

Minoru Yoshida[Current] Deputy General Manager of Customer Service
Center, Deputy General Manager of Front Service Center,
Section Manager of Administration & Operation andCompliance and Administrative Operation[New] General Manager, Financial Products IntermediaryBusiness - SMBC Marketing[Current] General Manager, Takasaki Branch[New] General Manager, Public Institution Operation

Takeshi Umeda

Kiyoshi Kuranari[Current] Deputy General Manager of Fixed Income
Marketing and Section Manager of Section I[New] General Manager, Wealth Management Compliance &Administration[Current] General Manager, Compensation & Benefit
Planning[New] Deputy Head of IPO Underwriting & Consulting

Kazuhito Izumida[Current] Deputy Head of Corporate Business

Fumikazu Nishimura[New] Deputy Head of IPO Underwriting & Consulting(Osaka)[Current] Deputy Head of Corporate Business (Private
Companies - Osaka)[New] Deputy Head of Institutional Business Eastern Japan

Katsumi Oniki[Current] General Manager, Institutional Business Saitama[New] General Manager, Institutional Business Sapporo
Katsutoshi Hirano[Current] Deputy General Manager, Corporate Clients V[New] General Manager, Institutional Business Niigata
Hiroyuki Tanaka[Current] Deputy General Manager, Management Planning &Administration[New] General Manager, Institutional Business Saitama

Takeo Harada[Current] General Manager, Institutional Business Niigata[New] General Manager, Institutional Business Yokohama
Koji Abe[Current] General Manager, Institutional Business Okayama
13

Masayasu Onishi[New] Deputy Head of Institutional Business Kinki, Hokuriku& Tokai[Current] General Manager, Hiroshima Branch[New] Deputy Head of Institutional Business Western Japan

Tetsuji Komura[Current] Deputy Head of Institutional Business WesternJapan and Deputy Head of Institutional Business Kinki &Hokuriku[New] Deputy Head of Institutional Business Western Japan

Koichi Urano[Current] General Manager, Institutional Business Fukuoka[New] General Manager, Institutional Business Okayama
Hiroyuki Yamasaki[Current] General Manager, Institutional Business Yamaguchi[New] General Manager, Institutional Business Fukuoka
Sunao Oishi[Current] Deputy General Manager, Institutional BusinessFukuoka[New] General Manager, Institutional Business Yamaguchi

Tomohiro Kimura[Current] Financial Institutions Tokyo Division

4. Change in Executive Officers (Effective as of 1 April, 2013)(1) Retiring Executive Officer
Shigeru Tsuru[Current] Executive Officer(2) Appointment of Executive Officer[New] Executive Officer
Takahiro Yazawa[Current] Sumitomo Mitsui Banking Corporation(3) Changes in Executive Responsibilities[New] (released)Senior Deputy Head of International
Business
Shigeru Tsuru[Current] Executive Officer, Senior Deputy Head ofInternational Business
Takahiro Yazawa[New] Executive Officer, Senior Deputy Head of International
Business14

5. Personnel Changes (Effective as of 1 April, 2013)[New] Co-General Manager, Administrative Operation
Shintaro Mima
[Current] General Manager, Administrative Operation[New] Co-General Manager, Administrative Operation
Atsushi Takahashi[Current] Sumitomo Mitsui Banking Corporation
6. Change in Director (Effective as of 1 May 2013)(1) Appointment of Executive Officer[New] Executive Officer
Hiroshi Mishima[Current] Sumitomo Mitsui Banking Corporation(2) Promotion of Executive Officer[New] Managing Executive Officer
Hiroshi Mishima[Current] Executive Officer(3) Change in Executive Responsibility[New] Managing Executive Officer, Senior Deputy Head ofHiroshi Mishima
Products Unit###

15