Nomura Receives Regulatory Approval to become Major Shareholder
in Ashikaga Bank
Tokyo, June 20, 2008 – Nomura Financial Partners, a wholly-owned subsidiary of Nomura Holdings, Inc., today announced that it had received approval from the Commissioner of Japan's Financial Services Agency to become a major shareholder in The Ashikaga Bank, Ltd., pursuant to Paragraph 1 of Article 52-9 of Japan’s Banking Act.
Although Nomura Financial Partners will not be a direct shareholder of Ashikaga Bank, it plans to hold over 20% of the total voting rights in Ashikaga Holdings Co., Ltd., which is scheduled to acquire all outstanding shares of Ashikaga Bank. As such, Nomura Financial Partners will be deemed to be a major shareholder in Ashikaga Bank under the Banking Act.
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Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
