Translation of the Japanese press release
March 5, 2009
Nikko Cordial Securities Inc.

New Appointments
Nikko Cordial Securities Inc. today announced the appointments as per appendices.

###[Appendix]

Appointments （effective as of March 5, 2009）[New] General Manager, Aomori Branch
Yoshinori Hirahara[Previous] General Manager, Public Institutions IV[New] General Manager, Akita Branch
Shigeo Irie

[Previous] Section Manager, Consultant Section II, Main
Branch(HONTEN)[New] General Manager, Asahikawa Branch

Yutaka Ota[Previous]SectionManager,Consultant

I ,Yokohama-ekimae Branch[New] General Manager, Ikebukuro Branch
Akira Owano[Previous] General Manager, Namba Branch[New] General Manager, Urawa Branch
Koichi Hijikata[Previous] General Manager, Wakayama Branch[New] General Manager, Kitasenju Branch
Hidemi Yanagisawa[Previous] General Manager, Urawa Branch[New] General Manager, Sapporo Branch
Hitoshi Shinohara[Previous] General Manager, Osaka Branch[New] General Manager, Takasaki Branch
Minoru Yoshida[Previous] General Manager, Otsu Branch[New] General Manager, Chiba Branch
Kazuya Noguchi[Previous] General Manager, Abeno Branch[New] General Manager, Tsudanuma Branch
Junichi Kamiyama[Previous] General Manager, Kitasenju Branch

2Section[Appendix][New] General Manager, Tokorozawa Branch
Hideo Hirai[Previous] Personnel Development[New] General Manager, Fukushima BranchSatoru Kimura[Previous] General Manager, Aomori Branch[New] General Manager, Matsudo Branch
Shoji Suzuki[Previous] General Manager, Equity[New] General Manager, Mito Branch
Takuya Higashitaki[Previous] General Manager, Yonago Branch[New] General Manager, Motoyawata Branch
Matsumi Uno[Previous] Section Manager, Personal Advisor Section,
Kichijoji Branch[New] General Manager, Morioka Branch

Shuichi Ikeuchi[Previous] Personnel Development[New] General Manager, Ichigaya Branch
Susumu Tamura[Previous] General Manager, Morioka Branch[New] General Manager, Oizumi Branch
Azuma Matsuzawa[Previous] General Manager, Hamadayama Branch[New] General Manager, Gotanda Branch
Dai Takahashi[Previous] General Manager, Asahikawa Branch[New] General Manager, Shibuya Branch
Hideki Sakamoto[Previous] General Manager, Sapporo Branch3

[Appendix][New] General Manager, Shinjuku Branch
Yoshio Morizane[Previous] General Manager, Chiba Branch[New] General Manager, Shimbashi Branch
Shiro Akiyoshi[Previous] General Manager, Ikebukuro Branch[New] General Manager, Tachikawa BranchYoshiyuki Asada[Previous] General Manager, Fukushima Branch[New] General Manager, Chofu Branch
Tatsuya Shiine[Previous] Chofu Branch[New] General Manager, Atsugi Branch
Hajime Kawakami[Previous] Retail Business Support Section of Retail
Business Planning and Personnel Development[New] General Manager, Okazaki Branch

Masatoshi Sugiyama[Previous] Personnel Development[New] General Manager, Odawara Branch
Mitsuhiro Tomomatsu[Previous] General Manager, Okazaki Branch[New] General Manager, Abeno Branch
Hitoshi Ueda
[Previous] General Manager, Odawara Branch[New] General Manager, Osaka Branch
Sotaro Todo
[Previous] General Manager, Midosuji-hommachi Branch[New] General Manager, Otsu Branch
Hiroshi Yoshikawa[Previous] General Manager, Senrichuo Branch4[Appendix][New] General Manager, Gakuen-mae Branch
Hiroshi Toda

[Previous] Section Manager, Consultant Section I, ShizuokaBranch[New] General Manager, Kyoto Branch

Izumi Shimosaka[Previous] General Manager, Shibuya Branch[New] General Manager, Senrichuo Branch
Masaru Sekido[Previous] Retail Business Support Section of Retail
Business Planning[New] General Manager, Toyama Branch

Mikio Matsui[Previous] General Manager, Takasaki Branch[New] General Manager, Nara BranchKenji Nagano[Previous] General Manager, Toyama Branch[New] General Manager, Namba Branch
Sunao Oishi[Previous] General Manager, Kyoto Branch[New] General Manager, Matsumoto Branch
Kimihiro Utsumi[Previous] General Manager, Ichigaya Branch[New] General Manager, Midosuji-hommachi Branch
Seichi Inaba[Previous]

DeputyGeneralManager,Development[New] General Manager, Wakayama Branch
Yoshinobu Fujii[Previous] General Manager, Fukuyama Branch[New] General Manager, Kumamoto Branch
Chosei Ishida[Previous] General Manager, Tsudanuma Branch

5Personnel

[Appendix][New] General Manager, Saga Branch
Haruki Takamiya[Previous] General Manager, Matsumoto Branch[New] General Manager, Naha Branch
Koji Itai[Previous] Listed & OTC Companies V[New] General Manager, Himeji Branch
Keita Usami[Previous] General Manager, Naha Branch[New] General Manager, Fukuyama Branch
Nobuhiro Ochi
[Previous] Listed & OTC Companies IV[New] General Manager, Yonago Branch
Hiromi Shiraishi[Previous] General Manager, Atsugi Branch[New] General Manager, Human Resources
Koichi Obara[Previous] General Manager, Shinjuku Branch[New] General Manager, Administrative Operation
Osamu Tanaka[Previous] Section Manager, Administrative Operation[New] General Manager, Personnel Development
Katsuhide Kumano[Previous] General Manager, Shimbashi Branch[New] General Manager, Finance & Treasury
Shinya Yamamoto[Previous] Deputy General Manager of Management
Planning & Administration, Personnel Development[New] General Manager, Equity

Masakatsu Nagasue[Previous] General Manager, Human Resources

6

[Appendix][New] General Manager, Public Institutions IV (ReleasedKeiichi Yazawafrom) Section Manager, Section I, Public Institutions IV[Previous] Deputy General Manager of Public Institutions IVand Section Manager of Section I of Public Institutions IV[New] General Sales Manager, Ikebukuro Branch

Hiroki Kishi[Previous]DeputyGeneralManager,Personnel

Development[New] General Sales Manager, Main Branch(HONTEN)
Toshihiko Yoshizumi[Previous] Listed & OTC Companies VI[New] General Sales Manager, Nagoya BranchMichiya Abe[Previous] Personnel Development[New] General Sales Manager, Yokohama-ekimae Branch
Ryujiro Sato
[Previous] General Manager, Saga Branch[New] General Sales Manager, Osaka Branch
Tatsuya Sato
[Previous] Personnel Development[New] General Sales Manager, Kyoto Branch
Hiroyuki Sakaue[Previous] Personnel Development[New] General Sales Manager, Kobe Branch
Hideo Ichiki[Previous] General Manager, Mito Branch[New] General Sales Manager, Fukuoka BranchTakeshi Hayashi[Previous] General Manager, Nara Branch7