Nomura Asset Management Establishes Office in Malaysia

Tokyo, 19 December 2006 - Nomura Asset Management Co., Ltd. (“NAM”) today announced that it has established Nomura Asset Management Malaysia Sdn Bhd (“NAM KL”), located in Kuala Lumpur. NAM KL is one of the first foreign financial institutions to obtain a Fund Manager license from the Securities Commission of Malaysia.

Nor Rejina Abdul Rahim, managing director of NAM KL, said, “Nomura has an established reputation in Malaysia. The new office will strengthen our position among targeted investors such as major pension funds, government agencies and institutional investors, and we will expand our services to Malaysian clients. We plan to offer our core Asian equity investment product and diversify our product range to meet the various needs of these investors.”

NAM is the largest asset management company in Japan, with about JPY22 trillion (US$186.5 billion)¹ in assets under management as at 30 September 2006. The company has been committed to strengthening its Asian operations through investment management of Asia Pacific ex Japan assets in Hong Kong and Singapore.

Graham Muirhead, head of investment management in Asia Pacific ex Japan equities of NAM Singapore, said, “Our investment management is based on fundamental research and is very team oriented. We have fund managers located in Singapore, Hong Kong, and Malaysia who work closely as a team. We have already hired a portfolio manager based in Malaysia, and we are confident that the manager will contribute significantly to the investment process.”

The establishment of NAM KL is a further step towards enhancing Asian equities investment management capabilities and is an extension of Nomura’s commitment to the asset management business. Outside Japan, NAM has offices in the United States, United Kingdom, Hong Kong, Singapore, Seoul and Malaysia.

Ends

For further information please contact:

Name	Company	Telephone
Nor Rejina Abdul Rahim	Managing Director, Nomura Asset Management Malaysia Sdn Bhd	+ 603 2076 6828
Makoto Matsuda	Corporate Communications Nomura International Hong Kong	+ 852 2536 1022
Icy Chua		+ 852 2536 1606

Notes to editors:

Nomura Group

Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 140 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Group’s business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.

Nomura Asset Management Co., Ltd.

Nomura Asset Management Co., Ltd. (NAM) is a leading investment management firm in Japan and a key subsidiary of Nomura Holdings, Inc., the holding company of the Nomura Group. NAM was established in October 1997 through a m erger of The Nomura Securities Investment Trust Management Co., Ltd. (est 1959) and Nomura Investment Management Co., Ltd. (est 1981). NAM offers its investment advisory and asset management services and other related services to various investors in and outside of Japan directly or through its overseas subsidiaries. As of September 30th, 2006, the total amount of assets under management was approximately JPY 22 trillion (US$186.5 billion)¹.

¹ US dollar amounts are included solely for the convenience of the reader and have been translated at the rate of 117.99 yen = 1 US dollar, the noon buying rate in New York for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York on September 29, 2006. This translation should not be construed to imply that the yen amounts actually represent, or have been or could be converted into, equivalent amounts in US dollars.