【NEWS RELEASE】
March 20, 2019
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 20, 2019)(1) Product Marketing Corporate Investment Support and Promotion Division is established.
(2) Global Markets Planning Product Planning is renamed Global Markets Planning.
 Global Markets Technology Division is established under joint management with
Administrative Operation.
(3) Financial Markets
 Financial Products Solution Division and Structured Products Division arereorganized as Structured Products & Solution Division.
(4) Sales Planning Sales Administration Division is established.
 Direct Marketing Division is transferred from Customer Service to Sales Planning.
(5) Direct Service & Alliance Business Customer Service is renamed Direct Service & Alliance BusinessThis material is an English translation of Japanese announcement made on March 20, 2019. 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.

(6) Alliance Business Alliance Business is abolished.
 SMBC Alliance Business Development Division is abolished and the business istransferred to Sales Planning Division and Sales Business Promotion Division andAlliance Business Planning Division.
 Alliance Business Planning Division is transferred to Direct Service & AllianceBusiness and part of business of Alliance Business Planning Division is transferred
to Sales Planning Division.
(7) Corporate Banking
 Mergers and Acquisitions Advisory III Division is renamed Mergers and Acquisitions.
(8) Mergers and Acquisitions Advisory Mergers and Acquisitions Advisory is established.
 Mergers and Acquisitions Advisory Division, Mergers and Acquisitions Advisory IDivision, Mergers and Acquisitions Advisory II Division, Mergers and Acquisitions
Solutions Division are transferred from Investment Banking to Mergers andAcquisitions Advisory.
(9) IPO Underwriting & Consulting, Investment Banking
 IPO Underwriting & Consulting Division is renamed Investment Banking IPO IDivision.
 Investment Banking IPO Division is renamed Investment Banking IPO II Division.

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2.

Changes in Directors and Executive Officers (Effective as of March 20, 2019)(1) Retirement of Executive Officers
Hiroyasu Okano

AdvisorHideyuki Aoki

Executive Managing Director, Nikko Enterprise Co., Ltd.
(Effective as of April 1, 2019)

Hitoshi UedaAdvisor

Yaoki Tsutsumi

President & CEO, Nikko Research Center, Inc. (Effective asof April 1, 2019)

Shoji Suzuki

Executive Managing Director, Nikko Business Systems Co.,
Ltd. (Effective as of April 1, 2019)(2) Changes in Directors and Executive Officers

Noriyoshi Suzuki

Executive Officer, Executive Deputy President, Executive
Officer for special missions

Hiroshi Mishima

Executive Officer, Executive Deputy President, Head of
Product Marketing Unit, Head of Global Markets Unit, Headof Financial Markets and Co-Head of Research (Financial
Market & Economic Research)

Hitoshi Ishii

Executive Officer, Executive Deputy President, Head ofCorporate Clients Unit, and Head of Investment BankingUnit and Head of Mergers and Acquisitions Advisory Unit

Akira Inoue

Senior Executive Managing Director, Head of Administration
Unit and Head of Risk Management

Yuichiro Kondo

Senior Executive Managing Director, Head of Planning Unit
and Head of Finance

Hiroaki Toyoda

Senior Executive Officer, Head of Sales Unit and Head of
Private Banking Unit

Taro Hayashi

Senior Executive Officer, Head of Capital Markets Unit

Takashi Aiki

Managing Executive Officer, Head of AdministrativeOperation Unit and Head of Administrative Operation

Naoki Takahashi

Managing Executive Officer, Senior Deputy Head ofCorporate Clients Unit, Senior Deputy Head of Investment
Banking Unit and Senior Deputy Head of Mergers andAcquisitions Advisory Unit

3Tomonari KimuraManaging Executive Officer, Representative Managing
Director of Osaka and Kyoto and Head of Corporate Clients
Osaka and Head of Corporate Banking (Investment BankingOsaka)

Masashi Sakamoto

Managing Executive Officer, Senior Deputy Head of Sales
Unit and Head of Sales Planning and Head of Solution
Strategy and Executive Officer for special missions

Mitsuhiro Akiyama

Managing Executive Officer, Representative Managing
Director of Tokai and Head of Corporate Clients Nagoya

Tadaaki Komori

Managing ExecutiveAcquisitions Advisory

Hideki Sakamoto

Managing Executive Officer, Head of Investment Banking(Investment Banking IV, Investment Banking V, Investment
Banking VII, Industrial Research, Investment Banking
Strategies), Head of Corporate Banking(Investment Banking
VIII, Mergers and Acquisitions) and Senior Deputy Head ofMergers and Acquisitions Advisory

Satoshi Osawa

Managing Executive Officer, Senior Deputy Head of Sales
Unit and Head of Regional Financial Institutions andCorporate Clients

Toshihiro Niidome

Managing Executive Officer, Senior Deputy Head of Human
Resources

Shunshi Kira

Managing Executive Officer, Head of Capital Markets
Origination

Hiroshi Inoue

Executive Officer, Head of Investment Banking (PublicSector Business Advisory) and Senior Deputy Head ofMergers and Acquisitions Advisory

Tomonaga Takaoka

Executive Officer, Head of Direct Service & AllianceBusiness , Senior Deputy Head of Sales Planning andExecutive Officer for special missions

Shuji Yoshioka

Executive Officer, Head of Institutional Business Planning

Hiroshi Nakazawa

Executive Officer, Head of Global Markets Planning

Shinsuke Ushijima

Executive Officer, Head of Shutoken District

Teruya Sugino

Executive Officer, Senior Deputy Head of Equity and Senior
Deputy Head of Research (Equity Research)

Nobu Sakamoto

Executive Officer, Senior Deputy Head of Private Banking
Unit

Hajime Kawakami

Executive Officer, Head of West Japan District

Makoto Nishioka

Executive Officer, Head of Product Marketing and General

4Officer,

HeadofMergers

andManager, Insurance Products Marketing
Yoshinori Hirahara

Executive Officer, Head of Kyushu/Okinawa District

Bungo Miura

Executive Officer, Senior Deputy Head of International
Business and Deputy President, SMBC Nikko CapitalMarkets Limited

Kayo Nakamura

Executive Officer, General Manager, Private Banking III

Rei Kyogoku

Executive Officer, Head of Investment Banking（InvestmentBanking I, Investment Banking III, Investment Banking VI）

Ken Tanizaki

Executive Officer, Head of Shutoken West District andGeneral Manager, Shinyurigaoka Branch

Kazuya Noguchi

Executive Officer, Head of Tokai/Hokuriku District

3. Personnel Changes (Effective as of March 20, 2019)
Masanori Ogawa

Deputy Head of Direct Service & Alliance BusinessAkihisa Yamamoto

Deputy Head of Executive Officer for special missions

Kenichi Fujisaki

Deputy Head of Executive Officer for special missions

Ryosuke Matsuki

Deputy Head of Executive Officer for special missions

Keisuke Koda

General Manager, Aomori Branch

Toru Koizumi

General Manager, Akita Branch

Katsuyuki Kawabata

General Manager, Sapporo Branch

Hisashi Murakami

General Manager, Institutional Business Sapporo

Kazuyuki Takeuchi

General Manager, Sendai Branch

Eriko Yamamoto

General Manager, Institutional Business Sendai

Junichi Kinoshita

General Manager, Matsumoto Branch

Yasushi Ise

General Manager, Morioka Branch

Minoru Yoshida

General Manager, Ikebukuro Branch

Daisuke Tomikawa

General Manager, Oizumi Branch

Shinsaku Fujita

General Manager, Karasuyama Branch

Tsunehiro SengaGeneral Manager, Kawagoe Branch

5Katsuyoshi Suzuki

General Manager, Koganei Branch

Yuji Anashige

Senior General Manager, Shinjuku Branch

Masanori Momma

General Manager, Shinjuku-Higashiguchi Branch

Masashi Noda

General Manager, Chofu Branch

Hisataka Takiguchi

General Manager, Hamadayama Branch

Yoshihiro Kitano

General Manager, Maebashi Branch

Yukiharu Shiromizu

General Manager, Kashiwa Branch

Hiroki Takeda

General Manager, Kabuto-cho Branch

Tetsuya Imai

General Manager, Kitasenju Branch

Junko Ono

General Manager, Ginza Branch

Yasuhiro Sakurai

General Manager, Kinshi-cho Branch

Toru KomatsuGeneral Manager, Institutional Business Chiba

Takayuki Sasaki

General Manager, Tsudanuma Branch

Masatoshi Suzuki

General Manager, Main Branch

Kosei Sakamoto

Deputy General Manager, Main Branch

Kazumi Ishida

General Manager, Matsudo Branch

Yasuo Motojima

General Manager, Mito Branch

Shohei Ichikawa

General Manager, Akasaka Branch

Masahiko Ogata

General Manager, Odawara Branch

Kotaro Kageyama

General Manager, Kamata Branch

Kiyotaka Yoshifuji

General Manager, Fujisawa Branch

Kotaro Takayanagi

General Manager, Kamakura Branch

Shuichi Yamasaki

General Manager, Mizonokuchi Branch

Jiro Inuzuka

General Sales Manager, Yokohama Branch

Naoki Teshima

General Sales Manager, Yokohama Branch

Koichi Yamaguchi

General Manager, Gifu Branch

6Taichi Utsumi
Yuji Shirakawa

General Sales Manager, Shizuoka Branch
General Manager of Institutional Business Shizuoka andGeneral Manager of Institutional Business Hamamatsu

Masaru Sekido

General Manager, Nagoya Branch

Yoshiyuki Hatakeyama

Deputy General Manager, Nagoya Branch

Shinji Noda

General Manager, Nagoya-ekimae Branch

Tsuyoshi Mizoo

General Manager, Fukui Branch

Kiichi Omuro

General Manager, Abeno Harukas Branch

Shinsuke Takahashi

General Manager, Kyobashi Branch

Shigeharu Umetsu

Deputy General Manager, Osaka Branch

Motohiro Sakai

General Manager, Kishiwada Branch

Masanao Kishita

Senior General Manager, Kyoto Branch

Keiji Ibuki

General Manager, Institutional Business Kyoto

Taiji Hiruma

General Manager, Senri-chuo BranchToshiko Osumi

General Manager, Takatsuki Branch

Kensuke Matsumoto

General Manager, Nara Branch

Yoshifumi Higashimura

General Manager, Namba Branch

Keiji Ishimaru

General Manager, Hirakata Branch

Hiromi Shiraishi

General Manager, Bingomachi BranchTeruo Okamoto

General Manager, Yao Branch

Yasutaka Ueda

General Manager, Wakayama Branch

Shoichiro Utsuda

General Manager, Akashi Branch

Yoshitaka MinamiGeneral Manager, Itami Branch

Takayuki Okuma

General Sales Manager, Okayama Branch

Nobuyuki Tanaka

General Sales Manager, Kobe Branch

Takashi Takeuchi

General Manager, Sannomiya Branch

Yoshiyuki Suzuki

General Manager, Tokushima Branch
7

Toshiyuki Yamamura

General Sales Manager, Hiroshima BranchToshiya Masaki

General Manager, Institutional Bushiness Hiroshima

Tatsuya Genjima

General Manager, Oita Branch

Satoka Aizawa

General Manager, Saga Branch

Kazuhiro Hitomi

General Manager, Naha Branch

Mitsutaka Kumagai

General Manager, Institutional Bushiness Fukuoka

Satoshi Ogiyama

General Manager, Compliance - Products & CorporateBusiness

Masataka MoriGeneral Manager, Legal

Kazunori Hata

General Manager, Product Marketing Planning

Yosuke Tanaka

General Manager, Asset Management Marketing

Takeshi Umeda

General Manager, Fixed Income Marketing

Masakazu Yasuda
Kazuhisa Sunada

General Manager, Corporate Investment Support andPromotion
Senior General Manager, Global Markets Planning andGlobal Markets Administration

Takuya Shinahara

General Manager, Global Markets Technology

Susumu Masuda

Senior Deputy Head of Financial Markets

Hirotaka Saito

General Manager, Fixed Income Sales

Hiromi Fujii

General Manager, Structured Products & Solution

Shinichi Hatano

Deputy Head of Capital Markets Origination

Hideki FujimotoGeneral Manager, Capital Markets Osaka

Atsushi Kaneta

Deputy Head of International Business

Mitsutaka Kajiya

Managing Director, SMBC Nikko Bank (Luxembourg) S.A.

Masato Kamazuka

Deputy Head of Corporate Planning

Shoichiro Shimura

General Manager, Sales Business Promotion

Yasushi Matsumoto

General Manager, Sales Administration

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Hitoshi Suzuki

General Manager, Alliance Business Planning

Yuichiro Kibe

General Manager, Solution Business Planning I

Akira Nobuta

Senior Deputy Head of Private Banking

Noriyuki Mashimo

General Manager, Private Banking Strategy & Planning

Takayuki Hiratsuka

General Manager, Private Banking I

Hidenori Tashiro

General Manager, SMBC Wealth Management

Takahiro Suzuki

General Manager,Employees

Masaaki Hirowatari

General Manager, Wholesale Business Planning

Izuru Nakamura

General Manager, Corporate Clients II

Shingo Akama

Senior General Manager, Corporate Clients Nagoya

Munenori Kuroyama

Deputy Head of Corporate Banking

Kazuya Iinuma

Co-General Manager, Investment Banking VIII

Ryuichiro Takeda

Co-General Manager, Investment Banking VIII

Yoshiaki Yamano

General Manager, Mergers and Acquisitions

Tadatoshi Senoo

Deputy Head of IPO Underwriting & Consulting, Investment
Banking

Kazuhiro Kochi

PersonalAdvisory

forCorporate

Deputy Head of IPO Underwriting & Consulting, Investment
BankingHisakazu Sakai

General Manager, Investment Banking IPO I

Takashi Sakai

General Manager, Investment Banking IPO II

Ryuji Todoroki

General Manager, Private Companies IIIShigeru Inoue

General Manager, Investment Banking VI

Naoki Toyoizumi

Senior Deputy Head of Mergers and Acquisitions Advisory
and General Manager, Mergers and Acquisitions Advisory

Naoki Hayashi

Deputy Head of Financial & Public Institutions

Koji Watanabe

General Manager, Financial Institutions

Eiji Terashi

General Manager, Public Institutions I

Yoshimi Wada

General Manager, Public Institutions II9Takaaki Matsumoto

General Manager, Public Institutions Nagoya###10