Investor Presentaiton

1 2 Merchant Banking business Enhance solutions that meet the needs of our clients Client needs Business succession Capital restructuring Fund Investment method Fund value Nomura Capital Partners Buyouts Y100bn Strengthen management Enhance enterprise value (rebuild core business) Deepen private-sector industrial cooperation between Japan and China (Japanese companies entering China, tap into inbound demand, etc.) Japan-China Industrial Cooperation Fund (China's CIC and Japanese financial institutions) Mostly minority Approx. investments Y100bn NOMURA Current status Invested in Orion Beer in March 2019 - Working to raise enterprise value (recruited external management, developing management and operating platform) Invested in Plus Alpha Consulting in March 2019 Solid pipeline backed by strong demand mainly from Retail clients China's CIC and Japanese financial institutions signed MOU on strategic alliance to set up a fund in October 2018 Currently working to set up fund 27

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