March 8, 2011
Daiwa Securities Group Inc.
Daiwa PI Partners Co. Ltd.

Attention
This is an unofficial translation of an excerpt of the press release issued on March 8,
2011, by Daiwa Securities Group Inc. and Daiwa PI Partners Co. Ltd. The original
press release is in Japanese.
Notice of the Execution of the Basic Agreement on the Loan by
Daiwa PI Partners Co. Ltd. to K.K. Columbus
We hereby notify that, on March 8, 2011, Daiwa PI Partners Co. Ltd. (“Daiwa PIP”),
a consolidated subsidiary of Daiwa Securities Group Inc. (“DSGI”) , reached a basicagreement (the “Basic Agreement”) with K.K. Columbus (“Columbus”) on a loan to belent from Daiwa PIP to Columbus (the “Loan”) secured by 68,905 investment units(17.41% of the total issued and outstanding investment units, the ”Units”) issued by
Daiwa Office Investment Corporation (“DOI”) and held by Columbus.
1. Reasons for the Basic Agreement
After the acquisition of investment units of DOI through a third-party allocation on
July 1, 2009 and the acquisition of all of the outstanding shares of Daiwa Real Estate
Asset Management Co. Ltd. (“Daiwa Real Estate”, formerly known as K.K. daVinci
Select) which is the asset management company of DOI, DSGI has been supporting
sustainable and stable growth of DOI with the maximum use of the business resourcesamong its group companies, in the areas of debt financing, branding strategy, asset
acquisition and stabilization of composition of investment unit holders.
Especially, since Daiwa Securities Group deems the stabilization of composition ofinvestment unit holders to be one of the most momentous issues of DOI, we continue
cooperative discussions with Columbus, the largest investment unit holder of DOI.
At present day, we have heard that Columbus has a loan from another company
secured by the Units* (the “Existing Loan”). As the result of discussions with each of

DOI, Daiwa Real Estate and Columbus, we deem it desirable for Columbus, with theview to stabilization of composition of investment unit holders of DOI, to completely
repay the Existing Loan by means of the Loan from Daiwa PIP, and, as a result, have
now reached this Basic Agreement.
We believe that Columbus’ full repayment of the Existing Loan with the funds
drawn down by the Loan will develop the stabilization of composition of investment
unit holders in DOI and its sustainable business growth.

* Please refer to the amendment report for the large shareholding report dated
November 29, 2010 filed with the Director of the Kanto Local Financial Bureau byColumbus.
2. Contents of the Basic Agreement
In this Basic Agreement, on the condition of the establishment of the collaterals on
the assets held by Columbus (including the Units*), Daiwa PIP and Columbus haveconfirmed the current status of the discussion on the basic terms and conditions of theLoan, and have agreed on Daiwa PIP’s exclusive right to negotiate in good faith with
Columbus. Provided, however, such agreements with regard to the Loan including,but not limited to, the basic terms and conditions of the Loan shall not be legallybinding. The drawing down the Loan may be suspended or revoked in the case of
future changes in the market situations including a significant decline in the market
price of the Units, disagreement on the definitive terms and conditions of the Loan, orfailures in the fulfillment of the condition precedents for drawing down the Loan, etc.

* The Unit Holders Agreement executed between Columbus and DSGI on June 17, 2009
will remain in force and effective.
3. Outline of Columbus(as of March 8, 2011)
1. Company Name

K.K. Columbus

2. Address

10-1, Roppongi6-chome, Minato-ku, Tokyo

3. Title and Name ofRepresentative
4. Description of BusinessPresident, Brian Defoe
・Execution of Tokumei-Kumiai contracts and managementof assets in which such Tokumei-Kumiai invests

・Acquisition, possession, sale and purchase of investment
securities
5. Amount of Capital

JPY 100 million

6. Shareholders

K.K. daVinci Holdings: 100.0％
Capital Relationship: Not applicable

7. Relationships with Daiwa
Securities Group Inc.

Personal Relationship: Not applicable
Business Relationship: Not applicable
Status as a Related Party: Columbus, its subsidiaries andits affiliates are not Related Parties of DSGI.

4. Prospects
We believe that the Loan will have only a minimal effect on the consolidated
earnings of DSGI for this fiscal year onward.
-end-