Nomura Completes Instinet Acquisition, Announces New Board of Directors

Tokyo, Feb 2, 2007 (JCN) - Nomura Holdings announced on February 2 that it closed its acquisition of Instinet Inc. for a final price of US$1.2 billion. Nomura also announced a new board of directors at Instinet.

Nomura said the acquisition is part of ongoing strategy to strengthen its capabilities in this area, and comes as hedge funds and other institutional investors increasingly look to place orders with firms that can deliver sophisticated trading technologies and execution services.

Instinet is one of the world's largest agency-brokers. Since its founding in 1969, Instinet has been a leader in the execution service space. Instinet provides the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide.

Instinet has a strong client base of approximately 1,500 institutions worldwide, and has grown its business by leveraging its execution technology and trading platforms. Instinet is particularly strong in algorithmic trading solutions and features a global portfolio trading system.

The new Instinet Board of Directors will include Edward J. Nicoll, Fumiki Kondo, John Fay, Alex Goor, Hidekazu Matoba, Yasuo Agemura, Hiromasa Yamazaki and
David Findlay.

"As one of the world's foremost global agency brokers, Instinet is excited to officially join the Nomura family," said Ed Nicoll, Chairman of Instinet. "We believe that institutional clients around the world will find great value in the combination of our electronic execution tools with Nomura's suite of research and execution services and global liquidity."