March 16, 2016
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, 2016)(1) Compliance （Reorganized）
Security Management Division is abolished.
(2) Sales Division in Branch (New)Sales Divisions are established in Sendai Branch, Takasaki Branch, Gifu Branch andOkayama Branch.
(3) Investment Banking （Reorganized）
Mergers and Acquisitions Advisory Division and Investment Banking Osaka Division areestablished.
Mergers and Acquisitions Solutions Division is transferred to Investment Banking.
(4) Mergers and Acquisitions (Abolition)
Mergers and Acquisitions I - III Divisions are transferred to Investment Banking I - IV, VI
Division and Mergers and Acquisitions Advisory Division. Mergers and Acquisitions I - III
Divisions are abolished.
Mergers and Acquisitions Osaka Division is transferred to Investment Banking Osaka
Division. Mergers and Acquisitions Osaka Division is abolished.
Mergers and Acquisitions Planning & Control Division is transferred to Wholesale Business
Planning Division and Wholesale Business Administration Division. Mergers andAcquisitions Planning & Control Division is abolished.
Mergers and Acquisitions is abolished.

This material is an English translation of Japanese announcement made on March 16, 2016. 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.

2. Changes in Directors and Executive Officers (Effective as of March 16, 2016)(1) Retiring Directors

Akira Nokina[New] Representative Director, Nikko Systems Solutions, Ltd.
(Effective as of April 1, 2016)[Current] Senior Executive Managing Director

Michinori Ando[New] Representative Director, President & CEO, Nikko
Research Center, Inc.(Effective as of April 1, 2016)[Current] Executive Managing Director(2) Retiring Executive Officers[New] Executive Managing Director
Hiroaki Toyoda[Current] Managing Executive Officer[New] Executive Managing Director
Akira Inoue[Current] Managing Executive Officer[New] Executive Managing Director
Taneki Ono[Current] Managing Executive Officer

Koichi Obara[New] Executive Managing Director, Nikko Systems Solutions,Ltd. (Effective as of April 1, 2016)[Current] Executive Officer[New] Deputy Head of Corporate Business

Susumu Kanda[Current] Executive Officer[New] Executive Director
Masayoshi Furusho[Current] Executive Officer

Izumi Shimosaka[New] Executive Managing Director, Nikko Business SystemsCo., Ltd. (Effective as of April 1, 2016)[Current] Executive Officer2(3) Appointment of Executive Directors[New] Executive Director
Hiroaki Toyoda[Current] Managing Executive Officer[New] Executive Director
Akira Inoue[Current] Managing Executive Officer[New] Executive Director
Taneki Ono[Current] Managing Executive Officer[New] Executive Director
Masayoshi Furusho[Current] Executive Officer[New] Executive Director
Yuji Kawahara[Current] Senior General Manager, Internal Audit(4) Appointment of Executive Officers[New] Executive Officer
Seiichi Inaba[Current] General Manager, Kyoto Branch[New] Executive Officer
Shunichiro Joya
[Current] General Manager, Corporate Clients VI[New] Executive Officer
Satoshi Kawamura[Current] General Manager, Kobe Branch[New] Executive Officer
Ayumu Sakurai[Current] General Manager, Product Marketing Planning
Teruya Sugino[New] Executive Officer3

[Current] General Manager, Wholesale Business Planning(5) Promotion of Executive Directors[New] Executive Deputy President
Shuichi Kondo[Current] Senior Executive Managing Director[New] Executive Deputy President
Kohei Hirota[Current] Senior Executive Managing Director[New] Executive Managing Director
Hiroaki Toyoda[Current] Executive Director[New] Executive Managing Director
Akira Inoue[Current] Executive Director[New] Executive Managing Director
Taneki Ono[Current] Executive Director(6) Promotion of Executive Officer[New] Managing Executive Officer
Kenichi Hida
[Current] Executive Officer(7) Changes in Executive Responsibilities[New] Executive Deputy President
Shuichi Kondo

Akira Nokina

Michinori Ando

[Current] Senior Executive Managing Director, Head ofFinancial & Public Institutions Unit
[New] (released) Senior Executive Managing Director, Headof Sales Unit and Head of Institutional Business[Current] Senior Executive Managing Director, Head of Sales
Unit and Head of Institutional Business[New] (released) Executive Managing Director, Head of
Human Resources Unit, Head of Administration Unit, Head of
Human Resources and Head of Compliance4[Current] Executive Managing Director, Head of Human
Resources Unit, Head of Administration Unit, Head of Human
Resources and Head of Compliance[New] Executive Managing Director, Head of Sales Unit
Hiroaki Toyoda

Akira Inoue[Current] Managing Executive Officer, Senior Deputy Head of
Products Unit and Head of Product Marketing[New] Executive Managing Director, Head of Administration
Unit and Head of Risk Management and Head of Finance[Current] Managing Executive Officer,
Management and Head of Finance

Head of Risk

[New] Managing Executive Officer, Head of Private Banking
Yoshiyuki Ninomiya[Current] Managing Executive Officer, Head of Kinki District[New] Managing Executive Officer, Head of Kinki District
Yasushi Tachihara

Yuichiro Kondo

Masayoshi Furusho[Current] Managing Executive Officer, Head of Sales Planningand Head of Solution Business and Head of Customer Service[New] Managing Executive Officer, Head of Financial & PublicInstitutions Unit
[Current] Managing Executive Officer, Head of Financial &Public Institutions Business[New] Executive Director, Head of Human Resources Unit
and Head of Human Resources[Current] Executive Officer, Head of Internal Audit

Yuji Kawahara

Koichi Obara

Susumu Kanda[New] Executive Director, Head of Internal Audit[New] (released) Executive Officer, Head of Hokkaido/Tohoku/ Shinetsu District[Current] Executive Officer, Head of Hokkaido/ Tohoku/Shinetsu District[New] (released) Executive Officer, Head of CorporateBusiness (Corporate Clients III, Corporate Clients V, CorporateClients VIII)[Current] Executive Officer, Head of Corporate Business(Corporate Clients III, Corporate Clients V, Corporate ClientsVIII)[New] Executive Officer, Head of Institutional Business

Satoshi Osawa[Current] Executive Officer, Head of West Japan District

5

[New] Executive Officer, Head of Corporate Planning
Kazuhiro Notsu

Yuko Araya[Current] Executive Officer, Head of Corporate Planning andHead of Institutional Business Planning[New] Executive Officer, Head of Investment Banking(Mergers and Acquisitions )[Current] Executive Officer, Head of Mergers and AcquisitionsMasaharu Suenaga

Masashi Sakamoto[New] Executive Officer, Head of Corporate Business(Corporate Clients III, Corporate Clients V)[Current] Executive Officer, Head of Corporate Business(Corporate Clients IV, Corporate Clients VI)[New] Executive Officer, Head of Sales Planning and Head ofSolution Business and Head of Customer Service[Current] Executive Officer, Head of Private Banking[New] Executive Officer, Head of West Japan District

Hitoshi Ueda

Izumi Shimosaka[Current] Executive Officer, General Manager, Human
Resources[New] (released) Executive Officer, Head of Kyushu/OkinawaDistrict[Current] Executive Officer, Head of Kyushu/Okinawa District

Hideki Sakamoto[New] Executive Officer, Head of Investment Banking(Investment Banking IV, Investment Banking VI, Investment
Banking VII, Investment Banking VIII, Investment Banking
Osaka ,Industrial Research)[Current] Executive Officer, Head of Investment Banking(Investment Banking IV, Investment Banking VI, Investment
Banking VII, Investment Banking VIII, Industrial Research)and General Manager of Investment Banking IV, Investment
Banking VII[New] Executive Officer, Head of Compliance

Yukio Noda

Shinya Inose

Seiichi Inaba[Current] Executive
ComplianceOfficer,Senior

DeputyHeadof[New] Executive Officer, Head of Financial & Public
Institutions Unit
[Current] Executive Officer, General Manager, Management
Planning & Administration[New] Executive Officer, Head of Kyushu/Okinawa District

6

Shunichiro Joya
Satoshi Kawamura[New] Executive Officer, Head of Corporate Business(Corporate Clients IV and Corporate Clients VI and Corporate
Clients VIII)[New] Executive Officer, Head of Hokkaido/Tohoku/Shinetsu
DistrictAyumu Sakurai[New] Executive Officer, Head of Product Marketing

Teruya Sugino[New] Executive Officer, Head of Institutional BusinessPlanning

3. Changes in Genral Manager’s Responsibilities of Executive Officers (Effective as of March16, 2016)[New] Head of Investment Banking (Mergers andAcquisitions ) and General Manager of Mergers andAcquisitions Advisory
Yuko Araya[Current] Executive Officer, Head of Investment Banking(Mergers and Acquisitions )Teruya Sugino[New] Head of Institutional Business Planning and General
Manager of Wholesale Business Administration[Current] Executive Officer, Head of Institutional Business
Planning

4. Personnel Changes (Effective as of March 16, 2016),[New] Deputy Head of Corporate Business
Susumu Kanda[Current] Head of Corporate Business (Corporate Clients III,Corporate Clients V, Corporate Clients VIII)[New] General Manager, Akita Branch

Yoshihisa Hatakeyama[Current] Internal Audit[New] General Manager, Asahikawa Branch
Yasushi Ise[Current] Sales Business Support, Sales Planning[New] Senior General Manager, Sapporo Branch
Nobuo Suto
[Current] General Manager, Sapporo Branch
Hiromi Shiraishi[New] General Manager, Sendai Branch

7

[Current] General Manager, Kawagoe Branch[New] General Sales Manager, Sendai Branch
Itaru Kishimoto[Current] Section Manager, FC Section,Kobe Branch[New] General Manager, Nagano Branch
Yasutomi Kiuchi[Current] General Manager, Hachioji Branch[New] General Manager, Niigata Branch
Yoshihiro Hayata[Current] General Manager, Yonago Branch[New] General Manager, Matsumoto Branch
Ayumu Goto
[Current] Sumitomo Mitsui Banking Corporation[New] General Manager, Morioka Branch
Masahiko Ogata[Current] General Manager, Ikebukuro-Nishiguchi Branch[New] General Manager, Ikebukuro-Nishiguchi Branch
Munehisa Okamura[Current] Corporate Clients VI[New] General Manager, Utsunomiya Branch
Naoki Masuda[Current] General Manager, Nagano Branch[New] General Manager, Urawa Branch
Kayo Nakamura[Current] Section Manager, FC Section, Omiya Branch[New] General Manager, Oizumi Branch
Koji Kawarazaki[Current] Internal Audit[New] Senior General Manager, Omiya Branch
Hiroaki Hinata[Current] General Manager, Takasaki Branch8[New] General Manager, Karasuyama Branch
Kosei Sakamoto[Current] General Manager, Akasaka Branch[New] General Manager, Kawagoe Branch
Shigeo Irie
[Current] General Manager, Otemachi Branch[New] General Manager, Takasaki Branch
Yasuki Morizane[Current] General Manager, Takamatsu Branch[New] General Sales Manager, Takasaki Branch
Kentaro Gushima[Current] General Manager, Atsugi Branch[New] General Manager, Tachikawa Branch
Shigeru Muramatsu[Current] Deputy General Manager, Sales Planning[New] General Manager, Chofu Branch
Tsunehiro Senga[Current] General Manager, Morioka Branch[New] General Manager, Nakano Branch
Hideki Okamoto[Current] General Manager, Asahikawa Branch[New] General Manager, Hachioji Branch
Kaoru Ota
[Current] General Manager, Hamamatsu Branch[New] General Manager, Ichigaya BranchTomonobu Ishida[Current] Section Manager, FC Section, Yokohama Branch[New] General Manager, Ueno Branch
Hidehisa Hoshuyama[Current] General Manager, Yokkaichi BranchSatoru Kimura[New] General Manager, Otemachi Branch9[Current] General Manager, Fukuoka Branch[New] General Manager, Kitasenju Branch
Satoshi Ogiyama[Current] General Manager, Wholesale Business
Administration and Compliance - Products & CorporateBusiness[New] General Manager, Ginza Branch

Yasutaka Ueda

[Current] Section Manager, Retail Marketing, AssetManagement Marketing[New] General Sales Manager, Chiba Branch

Kazuya Toyokawa[Current] General Manager, Jiyugaoka Branch[New] General Manager, Institutional Business Chiba
Toshiya Masaki[Current] Deputy General Manager, Financial Institutions[New] General Manager, Matsudo Branch
Takashi Takeuchi[Current] General Manager, Senri-chuo Branch[New] General Manager, Mito Branch
Masakazu Yasuda[Current] General Manager, Institutional Business Chiba[New] General Manager, Atsugi Branch
Hirotoshi Nagai[Current] General Manager, Otsu Branch[New] General Manager, Odawara Branch
Yukiharu Shiromizu[Current] General Sales Manager, Hiroshima Branch[New] General Manager, Gotanda Branch
Yuki Harano[Current] General Manager, Karasuyama Branch
Mitsumi Ukai

[New] General Manager, Jiyugaoka Branch

10

[Current] General Manager, Shinyurigaoka Branch[New] General Manager, Shinyurigaoka Branch
Yoshiyuki Hatakeyama[Current] Section Manager, Asset-building Business
Development, Sales Planning[New] General Sales Manager, Gifu BranchToshifusa Yuya
[Current] General Manager, Odawara Branch[New] General Manager, Shizuoka Branch
Hajime Kawakami[Current] General Manager, Ueno Branch

Satoka Aizawa[New] General Manager of Institutional Business Shizuoka
and General Manager of Institutional Business Hamamatsu[Current] General Manager, Corporate Clients III[New] General Manager, Institutional Business Toyama

Shigeru Tokimoto[Current] Deputy General Manager, Institutional Business
Kyoto[New] General Manager, Hamamatsu Branch

Noboru Nakagawa[Current] General Manager, Matsuyama Branch[New] General Manager, Yokkaichi Branch
Kiminobu Tani
[Current] General Manager, Matsumoto Branch[New] General Manager, Abeno Branch
Masaru Sekido[Current] General Manager, Utsunomiya Branch[New] General Manager, Otsu Branch
Saori Kobayashi[Current] General Manager, Oizumi Branch[New] General Manager, Gakuenmae Branch
Kayoko Inui
[Current] General Manager, Higashiosaka Branch

11[New] General Manager, Kyoto Branch
Yoshinori Hirahara[Current] General Manager, Abeno Branch[New] General Sales Manager, Kyoto Branch
Tsugumichi Hino
[Current] Private Banking III[New] General Manager, Senri-chuo Branch
Kazutaka Tachi[Current] Deputy General Manager, Fixed Income Marketing[New] General Manager, Hirakata Branch
Shigeharu Umetsu[Current] General Manager, Akashi Branch[New] General Manager, Midosuji-honmachi Branch
Masatoshi Suzuki[Current] Co-General Manager, SMBC Alliance BusinessDevelopment[New] General Manager, Okayama Branch

Masanao Kishita[Current] Deputy General Manager, Sales Business Planning[New] General Sales Manager, Okayama Branch
Keiji Ishimaru[Current] Section Manager, FC Section, Osaka Branch[New] General Manager, Kobe Branch
Yoshiyuki Wada
[Current] General Manager, Institutional Business Kobe
[New] General Manager, Institutional Business Kobe
Satoshi Mikazuki[Current] General Manager, Institutional Business Toyama[New] General Manager, Takamatsu Branch
Makoto Koyama[Current] General Manager, Public Institutions II
Kimitoshi Utsunomiya[New] General Manager, Nishinomiya Branch12

[Current] General Manager, Fixed Income Marketing[New] General Sales Manager, Hiroshima Branch
Tetsuya Imai
[Current] General Manager, Ginza Branch[New] General Manager, Fukuyama Branch
Yoshikazu Ishii[Current] General Manager, Corporate Clients I[New] General Manager, Matsuyama BranchMichiharu Mochidome[Current] General Manager, Oita Branch[New] General Manager, Yonago Branch
Kenichiro Murata[Current] General Manager, Ichigaya Branch[New] General Manager, Oita Branch
Keisuke Koda
[Current] General Sales Manager, Chiba Branch[New] General Manager, Naha Branch
Yasuo Motojima[Current] Internal Audit[New] General Manager, Fukuoka Branch
Yasushi Nakayama[Current] General Manager, Niigata Branch[New] General Manager, Miyazaki Branch
Masashi Iguchi[Current] Corporate Clients VII[New] General Manager, Institutional Business Yamaguchi
Akinobu Hatanaka[Current] General Manager, Miyazaki Branch[New] General Manager, Internal Audit
Shinichiro Ogata[Current] General Manager, Financial Institutions13

[New] Deputy Head of ComplianceShiro Akiyoshi[Current] General Manager, Security Management[New] General Manager, Human Resources
Tatsuya Shiine[Current] General Manager, Sendai Branch[New] General Manager, Underwriting Reviews
Seiji Mashimo[Current] Deputy General Manager, Underwriting Reviews[New] General Manager, Product Marketing Planning
Kensuke Namimatsu[Current] Deputy General Manager, Product Marketing
Planning[New] General Manager, Insurance BusinessToshiko Osumi[Current] General Manager, Urawa Branch[New] General Manager, Fixed Income Marketing
Kazunori Hata
[Current] General Manager, Kitasenju Branch[New] General Manager, Equity Trading
Makoto Yamada[Current] Equity Trading[New] General Manager, Fixed Income Trading II
Nobuhiro Matsumoto[Current] General Manager, Structured Products[New] General Manager, Structured Products
Hiromi Fujii[Current] Deputy General Manager, Structured Products

Masanori Maruo

Nobu Sakamoto[New] Deputy Head of Equity, Deputy Head of Research andGeneral Manager, Equity Research[Current] Deputy Head of Equity and Deputy Head ofResearch[New] General Manager, Management Planning &Administration

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[Current] Deputy Head of Investment Banking

Shojiro Hirota[New] General Manager, Customers Satisfaction
Improvement Planning[Current] Deputy General Manager, Customers Satisfaction
Improvement Planning[New] General Manager, Okinawa Contact CenterShu Takeda

Etsuko Okada[Current] Section Manager, Contact Center I, Tokyo ContactCenter[New] Co-General Manager, SMBC Alliance BusinessDevelopment[Current] General Manager, Chofu Branch[New] Deputy Head of Corporate & Public Institutions

Keita Suzuki[Current] General Manager, Sales & Advisory - Corporate
Clients[New] General Manager, Public Institution Operation

Michihiro Saito[Current] Section Manager, Public Institutions SystemResearch, Public Institution Operation[New] General Manager, Public Institutions I

Tetsuji Miyauchi[Current] General Manager, Public Institutions Osaka[New] General Manager, Public Institutions II
Takeshi Umeda[Current] General Manager, Public Institution Operation[New] General Manager, Public Institutions Osaka
Kazuhiro Kuki

Kenichi Iwase

Nobuo Eto

[Current] Deputy General Manager, Sales & Advisory Corporate Clients (Osaka)[New] General Manager, Sales & Advisory - CorporateClients[Current] Section Manager, Sales & Advisory II, Sales &Advisory - Corporate Clients[New] General Manager, Compensation & Benefit Planning
Solutions[Current] Co-General Manager, Compensation & Benefit
Planning Solutions

15

[New] General Manager, Private Companies II
Masahiro Ozaki[Current] Deputy General Manager, IPO Underwriting &Consulting[New] Deputy Head of Institutional Business Planning

Takahiro Yonezawa[Current] General Manager, Mergers and Acquisitions
Administration[New] General Manager, Wholesale Business Planning

Kazunori Kato

[Current] Deputy General Manager, Wholesale BusinessPlanning[New] General Manager, Corporate Clients I

Daisuke Endo
[Current] Deputy General Manager, Corporate Clients I[New] General Manager, Corporate Clients III
Nobutaka Ichise[Current] Deputy General Manager, Corporate Clients III[New] General Manager, Corporate Clients V
Masami Uchida[Current] Deputy General Manager, Corporate Clients IV[New] General Manager, Corporate Clients VI
Hideaki Uenishi[Current] Deputy General Manager, Corporate Clients VI[New] General Manager, Investment Banking IV
Nobuhiko Kimura[Current] General Manager, Mergers and Acquisitions III

Taro Fujikawa[New] Deputy Head of Investment Banking and GeneralManager, Investment Banking V[Current] Deputy Head of Investment Banking[New] General Manager, Investment Banking VII

Hitoshi Tsuboi[Current] Deputy General Manager, Investment Banking VII
Hidetomo Katsuki[New] General Manager, Investment Banking Osaka

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[Current] General Manager, Mergers and Acquisitions Osaka[New] General Manager, Industrial Research
Keiichiro Tanaka[Current] Industrial Research[New] General Manager, Corporate Clients Osaka I
Chikahiro Matoba[Current] Deputy General Manager, Corporate Clients Osaka I[New] General Manager, Financial Institutions
Naoki Hayashi[Current] Deputy General Manager, Financial Institutions[New] General Manager, Public Sector Clients
Hitoshi Iga[Current] General Manager, Fixed Income Trading II

5.

Retiring Advisor (Effective as of March 31, 2016)

Eiji Watanabe[Current] Advisor

6. Changes in Directors (Effective as of April 1, 2016)(1) Promotion of Directors[New] Representative Director, Chairman
Tetsuya Kubo
[Current] Representative Director, President & CEO[New] Representative Director, President & CEO
Yoshihiko Shimizu[Current] Representative Director, Executive Deputy President17

7. Changes in Director (Effective as of June 30, 2016)(1) Retiring Director[New] Advisor
Kunio Sato
[Current] Senior Executive Managing Director(2) Change in Executive Responsibility[New] (released) Senior Executive Managing Director,
Representative Managing Director of Nagoya and Head ofCorporate Business Nagoya
Kunio Sato
[Current]Senior
Executive
ManagingDirector,
Representative Managing Director of Nagoya and Head ofCorporate Business Nagoya

8. Changes in Executive Officers (Effective as of July 1, 2016)(1) Appointment of Executive Officer
Yoshimi Miura[New] Executive Officer(2) Promotion of Executive Officer[New] Senior Executive Officer
Yoshimi Miura[Current] Executive Officer(3) Change in Executive Responsibility
Yoshimi Miura[New] Senior Executive Officer, Representative Managing
Director of Nagoya and Head of Corporate Business Nagoya###18