MANAGE CAPITALMARKETS WITHCONFIDENCE.

2 | MANAGE CAPITAL MARKETS WITH CONFIDENCE

Solutions and consulting services designed tohelp manage today’s complex capital markets.Nomura Research Institute, Ltd. (NRI) is a global leader in financial IT consulting services and IT systems.Our approach focuses on insight-driven research and IT expertise to deliver innovative, front to back financialIT solutions for investment banks, asset managers, banks and insurance providers.

Since 1965, Nomura Research Institute (NRI) has been providing award-winning consulting service and system solutions to our global customers. Our approach focuses on insight-driven research and IT expertise to deliver innovative solutions for a wide range of needs.

ABOUT NRI

For over 50 years, NRI has earned the trust of our clients resultingin annual sales exceeding $4 billion USD. Our four main business segments cover Financial IT Solutions, Consulting Services, Industrial IT Solutions and IT Platform Services. In each area of expertise, we’ve established industry-leading products trusted by top-performing firms.

A TRUSTED PARTNER

While NRI started as a think-tank, we have evolved to include end-to-end consulting and solution systems design. Driven by insights from our industry-leading research and analysis, our practical solutions address today’s business challenges and anticipate tomorrow’s. Today, our Financial IT Solutions ccount for approxi-mately 60 percent of our business with customers including broker dealers, asset managers, banks and insurance companies.

MORE THAN A RESEARCH FIRM

3 | MANAGE CAPITAL MARKETS WITH CONFIDENCE

NRI’s DNA includes research and analysis, as well as solutions system design, construction, and operation. This is a unique approach we call “Navigation x Solution.” Fueled by ongoing investments $20 million USD each year, our research team is focused on how to best address our customers’ needs. Their findings support our consultants, who bring a deep knowledge of the financial industry, clients’ business, operation processes, and the latest IT technology.

NAVIGATION X SOLUTION

While NRl’s roots may have started in Japan, today we arerecognized as one of the top 10 financial solutions vendors in the world. With over 10,000 employees and 54 o� ices worldwide, NRI is truly a global company serving global clients. To fuel this growth, recent acquisitions include investments in both the United States and Australia, helping us expand our o� ering and global reach.

GLOBAL SCOPE, GLOBAL AMBITION

Our success is a result of our three-pronged focus: Clients, Quality and Innovation. We tirelessly pursue quality improvement, setting our standards high. This commitment is reflected in our success, with NRI solutions and services recognized globally as industry best practices.

THE NRI DIFFERENCE

4 | MANAGE CAPITAL MARKETS WITH CONFIDENCE

NRI FINANCIALIT SOLUTIONSYour vision is our mission.NRI Financial Solutions, a core business of NRI, provides consulting services and system solutions designed to help our clients navigate market uncertainty. Our innovative and research-driven insights provide a deep understanding of the operational issues facing financial services firms, helping us design solutions to ensure financial institutions and corpo-rate customers are able to make more insightful decisions every day.

At NRI we provide the no-fail, mission-critical platforms clients depend on.

Recognized by the industry

Up to 80%of capital markets firms in Japan

operate on NRI solutions.

Around 50%of total transactions on Tokyo Stock

Exchange are managed by NRI solutions.

5 | MANAGE CAPITAL MARKETS WITH CONFIDENCE

SECURITIESJapan's defacto standard solution for over 40 years

NRl's IT solutions have won the trust of the securities industry, serving as an infra-structure standard. Today, our customer base includes the top performing brokers in Japan.

NRI is committed to becoming the leading global IT support system for the world’s major brokers. As Japan’s de facto standard solution, NRI supports broker dealers’ entire post-trade operation with the full benefit of NRI’s rich experience and industry expertise. NRI’s I-STAR Suite o� ers a back o� ice system that complies with the Japanese securities settlement system. Provided by ASP and combined with leading Business Process Outsourcing (BPO) services, NRI o� ers complete solutions designed to streamline activities across o� ices while increasing business e� iciency.

NRI’s THE STAR is Japan’s most widely used brokerage accounting system, supporting clients through regular trading operations. Within the I-STAR suite, I-STAR/GV provides back o� ice solutions ideal for broker dealers’ working across borders by eliminating complex systems in multiple o� ices with one solution that provides real-time processing regardless of location.

NRI also o� ers PSS (Prime Settlement Service), Japan’s first utility service for investment banks that streamlines post-trade operations by delivering business process and IT outsourcing ser-vices. Combined with solutions such as VOLCS (Visualized OTC Products and Liquidity Control System) NRI can help brokers increase the e� iciency of peripheral post-trade operations.

INSURANCEMore than $5OOM in salesNRI business systems support contract management, sales support, and client management, ideal for the insurance industry.

With years of insurance industry experience, NRI’s development systems provide just what insurers need. Our front o� ice solutions include policy management, sales support, damage/liability research, settlement services, and more, developed with insights specific to your industry. Working with NRI allows clients to seamlessly respond to a fast-changing industry, supported by tailored solutions that increase e� iciency.

With half a billion in sales already, NRI’s insurance solutions are earning the support of major insurance clients, helping us expand our project scopes and expand our service o� erings.

6 | MANAGE CAPITAL MARKETS WITH CONFIDENCE

BANKINGDecades of experience supporting an extensive network of banks

NRI helps financial institutions keep up with changing market and regulatory needs, including providing internet banking systems and investment trust sales support.

With a constantly shi� ing market and a demanding regulatory environment, NRI Solutions help banking clients stay on top of their rapidly changing landscape. Our o� erings range from accounting systems to sales support solutions, designed to support Japanese banks’ expansion globally, leveraging our Navigation X Solution approach by providing cu ting-edge solutions to the issues they face.

Today, many banks take advantage of NRI’s BESTWAY/JJinvestment-trust-over-the-counter-sales solution, as well as our Value Direct Internet banking solution and other multi-use systems.

ASSET MANAGEMENTMore than 80% of fund calculation is done with NRl’s solution

NRI o� ers asset management businesses, such as trust banks, end-to-end solutions for total operational support.

NRI Financial Solutions for Asset Managers include the T-STAR Suite, recognized as an industry-standard infrastructure service. Supporting customer needs from back-end processes to front o� ice operations, T-STAR provides an asset management infrastructure that reduces your operation burden.

Designed for asset management operations across mutual funds, investment advisors, pensions and more, NRI’s Financial Solutions cover research and consulting, solutions and platforms, and operational support. Working with NRI’s Business Process Outsourcing (BPO) clients enjoy more streamlined middle- and back-o� ice operations across data processing, NAV calculations for mutual fund asset management, reporting and more.

In addition, NRI recently acquired Cutter Associates, a like-minded organization with a focus on research and consultancy serving buy-side asset managers. With Cutter Associates, NRI has added significantly to its presence in the US and EMEA. Working together, o� erings for our asset management clients will expand, including in application services.

7 | MANAGE CAPITAL MARKETS WITH CONFIDENCE

Understanding Through InsightNRI solutions and services benefit from our ongoing commitment to, and investment in, research. Every year, NRI invests hundreds of millions in research. Our Research and Analysis teams include world-renowned researchers specializing in key areas, such as Capital Markets. This expertise has helped us to build respect with regulators and government bodies, as well as the broader industry. NRI takes its leadership position seriously, periodically hosting Financial Market and Banking Panels, as well as Japan-China Financial Round tables to facilitate discussions among practitioners and policy makers. Working together, we’re able to bring the knowledge and research necessary to create the next-generation of industry-leading solutions.

OUR RESEARCH

CONNECT WITH US

WORLDWIDE LOCATIONSNRI o� ers services on a global scale in coordination with our worldwide network.To learn about each o� ice, please visit our corporate website at nri.com.

SALES AND SERVICESIf you are interested in speaking with NRI, please email info@nri.comA representative will respond to you within 24 hours.

CONTACT VIA EMAILFor all other questions, please email NRI Financial Solutions at: info@nri.com