March 19, 2018 SMBC Nikko Securities Inc. Organizational and Personnel Changes SMBC Nikko Securities Inc. announces organizational and personnel chang

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1 March 19, 2018 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 19, 2018) (1) Product Marketing Product Marketing Planning Division is transferred from Product Planning to Product Marketing. (2) Capital Markets Origination Debt Capital Markets Division Section III is reorganized as Public Sector Debt Capital Markets Division. (3) Alliance Business SMBC Alliance Business Development Osaka Division is abolished and the business is transferred to SMBC Alliance Business Development Division. (4) Regional Corporate Clients Regional Corporate Clients is abolished. (5) Solution Strategy Solution Strategy is established. Solution Business Planning Division is transferred from Solution Business Planning to Solution Strategy. Solution Business Planning I Division is transferred from Private Banking to Solution Strategy. Regional Corporate Business Promotion Division is transferred from Regional Corporate Clients to Solution Strategy. (6) Corporate Banking Corporate Banking I-II Divisions are reorganized as Investment Banking VIII. Mergers and Acquisitions Advisory III Division is established. Corporate Banking Osaka Division is renamed Investment Banking Osaka Division. (7) IPO Underwriting & Consulting, Investment Banking Private Companies III Division is established. This material is an English translation of Japanese announcement made on March 19, 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.

2 (8) Investment Banking Investment Banking II Division is abolished and the business is transferred to Investment Banking I and III Divisions. Mergers and Acquisitions Advisory I-II Divisions are established. 2

3 2. Changes in Directors and Executive Officers (Effective as of March 19, 2018) (1) Retirement of Directors and Executive Officers Yoshimi Miura Koichi Maeda Yuji Kawahara Yoshio Morizane Satoshi Kawamura Advisor Advisor Executive Managing Director, Nikko Business Systems Co., Ltd. (Effective as of April 1, 2018) Executive Managing Director, Nikko Enterprise Co., Ltd. (Effective as of April 1, 2018) Executive Managing Director, Nikko Systems Solutions, Ltd. (Effective as of April 1, 2018) (2) Changes in Directors and Executive Officers Masashi Iwakigawa Kohei Hirota Hiroshi Mishima Hiroaki Toyoda Yoshiyuki Ninomiya Yuichiro Kondo Masayoshi Furusho Naoki Takahashi Tomonari Kimura Kazuhiro Notsu Executive Officer, Executive Deputy President, Head of International Business Unit, Financial & Public Institutions Unit and Head of International Business Executive Officer, Executive Deputy President, Representative Managing Director of Osaka, Head of Corporate Clients Unit and Investment Banking Unit Senior Executive Officer, Head of Product Marketing Unit and Head of Global Markets Unit Senior Executive Officer, Head of Sales Unit Managing Executive Officer, Head of IPO Underwriting & Consulting, Investment Banking Executive Managing Director, Head of Planning Unit Executive Managing Director, Head of Human Resources Unit and Head of Human Resources Managing Executive Officer, Senior Deputy Head of Corporate Clients Unit and Senior Deputy Head of Investment Banking Unit Managing Executive Officer, Head of Corporate Clients Osaka and Head of Corporate Banking (Investment Banking Osaka) Managing Executive Officer, Head of Corporate Planning 3

4 Masaharu Suenaga Masashi Sakamoto Mitsuhiro Akiyama Tadaaki Komori Hideyuki Aoki Hiroshi Inoue Tomonaga Takaoka Hideki Sakamoto Yaoki Tsutsumi Shinsuke Ushijima Seiichi Inaba Susumu Kanda Shunta Ide Nobu Sakamoto Kazuyoshi Fukushima Hidetsugu Oki Hideki Sudo Managing Executive Officer, Head of Corporate Clients (Corporate Clients III, Corporate Clients V, Corporate Clients VIII, Corporate Clients X) and Head of Corporate Business Managing Executive Officer, Head of Sales Planning Managing Executive Officer, Representative Managing Director of Nagoya and Head of Corporate Clients Nagoya Managing Executive Officer, Head of Investment Banking(Investment Banking I, Investment Banking V, Mergers and Acquisitions Advisory, Mergers and Acquisitions Advisory I, Mergers and Acquisitions Advisory II, Mergers and Acquisitions Solutions) Executive Officer, Head of Kyushu/Okinawa District Executive Officer, Head of Investment Banking (Investment Banking III, Public Sector Business Advisory) Executive Officer, Head of Alliance Business, Customer Service and Senior Deputy Head of Sales Planning Executive Officer, Head of Investment Banking (Investment Banking IV, Investment Banking VI, Investment Banking VII, Industrial Research, Investment Banking Strategies) and Head of Corporate Banking(Investment Banking VIII, Mergers and Acquisitions Advisory III) Executive Officer, Head of Finance and General Manager, Financial Planning Executive Officer, Head of Product Marketing Executive Director, Head of Internal Audit Executive Officer Executive Officer, Head of Financial Markets and Co-Head of Research (Financial Market & Economic Research) and General Manager, Derivatives Market Executive Officer, Head of Solution Strategy Executive Officer, Head of Hokkaido/Tohoku/Shinetsu District Executive Officer, Head of Corporate Clients (Corporate Clients I, Corporate Clients II, Corporate Clients VII) Executive Officer, Head of Private Banking 4

5 Ken Tanizaki Keiji Wada Hironori Hattori Honami Watanabe Hajime Kawakami Tatsuya Shiine Executive Officer, Head of Shutoken West District Executive Officer, Head of Shutoken East District Executive Officer, Senior Deputy Head of Financial Markets Executive Officer, Senior Deputy Head of Sales Planning Executive Officer, General Manager, Main Branch Executive Officer, General Manager, Human Resources 5

6 3. Personnel Changes (Effective as of March 19, 2018) Shinya Tamoto Masanori Ogawa Akihisa Yamamoto Yoshiyasu Yasui Kenichi Fujisaki Kazuhiko Nozaki Kiminobu Tani Kimihiro Utsumi Naohito Ikeda Mitsunori Inoshima Kazutaka Tachi Naohisa Tsurumaru Hiroshi Toda Satoru Kimura Sotaro Shiba Yuji Anashige Yoshinao Aoyama Kentaro Gushima Shintaro Oikawa Kenji Morinaga Takeshi Kiura Masato Inagaki Satoshi Sugiyama Yasushi Ise Deputy Head of Compliance Deputy Head of Customer Service Deputy Head of Customer Service Deputy Head of Alliance Business Deputy Head of Solution Strategy General Manager, Asahikawa Branch General Manager, Sapporo Branch General Manager, Nagano Branch General Manager, Niigata Branch General Manager, Fukushima Branch General Manager, Yamagata Branch General Manager, Akabane Branch General Manager, Utsunomiya Branch General Manager, Omiya Branch General Manager, Kofu Branch General Manager, Shinjuku Branch General Sales Manager, Takasaki Branch General Manager, Tachikawa Branch General Manager, Hachioji Branch General Manager, Ichigaya Branch General Manager, Otemachi Branch General Manager, Chiba Branch General Sales Manager, Chiba Branch Deputy General Manager, Main Branch 6

7 Arihiro Den Takamichi Takahashi Motokiyo Ueno Hiroki Miura Hirotoshi Nagai Sotaro Kondo Kimitoshi Utsunomiya Makoto Koyama Hiroki Tongu Masayuki Nishizaka Yoshinori Hirahara Takeshi Inoue Yasushi Nakayama Masanao Kishita Tomonobu Ishida Yuko Takaishi Susumu Inoue Keiichi Yazawa Masaki Furukawa Naoya Yoshioka Masashi Iguchi Shigeru Muramatsu Keiji Kubo Masahiro Yamaguchi Hirotaka Yuasa General Manager, Financial Institutions Tokyo General Manager, Atsugi Branch General Manager, Shibuya Branch General Manager, Tamagawa Branch General Manager, Machida Branch General Manager, Okazaki Branch General Manager, Kanazawa Branch General Manager, Shizuoka Branch General Manager, Takaoka Branch General Manager, Toyama Branch General Manager, Nagoya Branch General Manager, Yokkaichi Branch General Manager, Osaka Branch General Manager, Kyoto Branch General Sales Manager, Kyoto Branch General Manager, Senri-chuo Branch General Manager, Ashiya Branch General Manager, Okayama Branch General Manager, Kochi Branch General Manager, Institutional Business Kobe General Manager, Takamatsu Branch General Manager, Nishinomiya Branch General Manager, Matsuyama Branch General Manager, Yonago Branch General Manager, Nagasaki Branch 7

8 Tetsuji Miyauchi Kazuhiro Kuki Kazuya Hamaguchi Shinya Yamamoto Makoto Nishioka Susumu Masuda Hideki Ukai Fumio Takamatsu Atsuhiro Fujii Tetsuo Takatsugu Shinsuke Yoshioka Hideki Inada Shu Takeda Naoto Adachi Takahito Gochomori Hitoshi Matsugano Hiroaki Takano Hitoshi Yamakage Hideaki Uenishi Kazuya Iinuma Yoshiaki Yamano Hidetomo Katsuki Mikio Tokusashi Tomoharu Sato General Manager, Fukuoka Branch General Manager, Miyazaki Branch General Manager, Institutional Business Yamaguchi General Manager, Internal Audit Senior Deputy Head of Product Marketing Deputy Head of Financial Markets General Manager, Credit & Non-Yen Rates General Manager, Debt Capital Markets General Manager, Public Sector Debt Capital Markets Deputy Head of International Business General Manager, Management Planning & Administration General Manager, Customers Satisfaction Improvement Planning General Manager, Tokyo Contact Center General Manager, Okinawa Contact Center Deputy Head of Solution Strategy General Manager, Solution Business Planning General Manager, Corporate Clients III General Manager, Corporate Clients VI General Manager, Corporate Clients VII General Manager, Investment Banking VIII General Manager, Mergers and Acquisitions Advisory III General Manager, Investment Banking Osaka Deputy Head of IPO Underwriting & Consulting, Investment Banking General Manager, Private Companies II 8

9 Tadatoshi Senoo Takashi Sakai Hideo Sudo Naoki Toyoizumi Yuji Takeuchi Nobuhiko Kimura Taro Ishida Noriyuki Kono Yoshiki Hizukuri Shinji Kadokawa Katsuhiro Monna General Manager, Private Companies III General Manager, Investment Banking IPO Deputy Head of Investment Banking Senior Deputy Head of Investment Banking and General Manager, Mergers and Acquisitions Advisory General Manager, Investment Banking IV General Manager, Mergers and Acquisitions Advisory I General Manager, Mergers and Acquisitions Advisory II General Manager, Mergers and Acquisitions Solutions General Manager, Public Institutions Operation General Manager, Public Institutions I General Manager, Public Institutions Osaka # # # 9

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