March 27, 2012
SMBC Nikko Securities Inc.

Personnel Changes

SMBC Nikko Securities Inc. today announces personnel changes as follows.

1. Change in Executive Officers (Effective as of 2 April, 2012)(1) Retiring Executive Officers
Masayuki Tanabe[Current] Executive Officer

Atsushi Takada[Current] Executive Officer

Hiroyoshi Korosue[Current] Executive Officer(2) Appointment of Executive Officers[New] Executive Officer
Akira Inoue[Current] Sumitomo Mitsui Banking Corporation[New] Executive Officer
Akira Nishii[Current] Sumitomo Mitsui Banking Corporation[New] Executive Officer
Toshihiro Niidome[Current] Sumitomo Mitsui Banking Corporation[New] Executive OfficerKazuhiro Notsu[Current] Sumitomo Mitsui Banking Corporation and Statutory
Auditor of SMBC Nikko Securities Inc.

This material is an English translation of Japanese announcement made on March 27, 2012. 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.

(3) Change in Executive Responsibilities[New] (released) Senior Deputy Head of Retail Business
Planning and Senior Deputy Head of Financial ProductsIntermediary Business
Masayuki Tanabe[Current] Executive Officer, Senior Deputy Head of Retail
Business Planning and Senior Deputy Head of Financial
Products Intermediary Business[New] (released) Senior Deputy Head of Human Resources
and Senior Deputy Head of Compliance
Atsushi Takada[Current] Executive Officer, Senior Deputy Head of HumanResources and Senior Deputy Head of Compliance[New] (released) Senior Deputy Head of Corporate Planning
Hiroyoshi Korosue[Current] Executive Officer, Senior Deputy Head of CorporatePlanning

Akira Inoue[New] Executive Officer, Senior Deputy Head of Corporate
Planning

Akira Nishii[New] Executive Officer, Senior Deputy Head of ComplianceToshihiro Niidome[New] Executive Officer, Senior Deputy Head of HumanResources

Kazuhiro Notsu[New] Executive Officer, Senior Deputy Head of Corporate
Planning and Senior Deputy Head of Institutional Business
Planning and Co-General Manager of Institutional Business
Planning

2. Change in General Manager’s Responsibilities of Executive Officers(Effective as of 2 April, 2012)
Kazuhiro Notsu[New] Co-General Manager, Institutional Business Planning[New] (released) General Manager, Investment Banking III

Hiroshi Inoue[Current] Executive Officer, Senior Deputy Head ofInvestment Banking and General Manager of Investment
Banking III

3. Personnel Change (Effective as of 2 April, 2012)[New] General Manager, Products Management
Kazuhisa Sunada[Current] General Manager of Risk Management and General
Manager of Products Management[New] General Manager, Risk Management

Yutaka Tatsuno[Current] Sumitomo Mitsui Banking Corporation

2

[New] Deputy Head of Mergers and Acquisitions
Yuko Araya[Current] Sumitomo Mitsui Banking Corporation[New] Co-General Manager, Institutional Business Planning
Takashi Yamamoto[Current] General Manager, Institutional Business Planning

Tomonaga Takaoka[New] Deputy Head of Retail Business Planning and Deputy
Head of Financial Products Intermediary Business[Current] Sumitomo Mitsui Banking Corporation[New] General Manager, Investment Banking III

Masanori Maruo[Current] Investment Banking III

4. Change in Director (Effective as of 1 May 2012)(1) Appointment of Director[New] Executive Director
Kohei Hirota[Current] Managing Executive Officer, Sumitomo Mitsui
Banking Corporation(2) Promotion of Director[New] Senior Executive Managing Director
Kohei Hirota[Current] Executive Director(3) Change in Executive Responsibility[New] Senior Executive Managing Director, Representative
Managing Director of Osaka
Kohei Hirota[Current] Senior Executive Managing Director###3