Two Senior Appointments Made In Yen Sales and Secondary Trading

London, 16 June, 2006-Nomura International plc today announced the appointment of James Wilkinson and Tim Bloomfield to its Yen team, to maintain and strengthen the Group’s market leadership in the Yen sector.

James Wilkinson, a long standing member of Nomura's credit trading team, moves to run Yen secondary trading. James has worked at Nomura for 20 years and in the past has run Euro-Yen books for several years as well as working in Tokyo and Hong Kong on a broad range of products including Yen. Most recently, he was a senior member of the Portfolio Trading Group.

Tim Bloomfield, who has more than twenty years experience covering UK Investors, Central Banks and other Official Institutions, moves to the dedicated Yen sales group, which focuses almost exclusively on yen products for dedicated yen investors. For the majority of his time in the capital markets, Tim has been heavily involved in the distribution of yen products. In addition to Nomura, Tim has worked at SG Warburg, Tokyo Mitsubishi and UBS.

The Yen Sales group is co-located with JGB trading, Yen secondary trading and Yen swaps to provide a fully integrated window on the Yen sector.

While retaining this currency specialisation, Yen secondary trading will now report to Syndicate/ High Grade Trading, to achieve maximum efficiencies for clients within the high grade and financial sectors. James will report directly to Gavin Jackson, Head of High Grade Trading and ultimately to Seiichiro Miyaoka and Brian Lawson, co-heads of Debt and Equity Syndicate.

Brian Lawson commented on the appointments, "It is clear testimony to the strength of Nomura's team that we have filled two senior positions in our Yen group in a matter of days, and from internal resources, although we have also enjoyed widespread interest in these positions from outside the firm. These changes harness a wealth of experience in the sector and enable us to address the challenges in the yen sector with the utmost confidence. Nomura has maintained a position of clear leadership within yen for the last decade and has every intention of retaining this, while welcoming the greater liquidity and focus on the sector that may be offered by some new entrants.

“If Japan's economic recovery continues, and the coupon differential between Yen and other major currencies narrows, there are real prospects of a revival in the sector as a whole, involving steady broadening of the investor base. This will require higher rates in Japan, but we are optimistic that this market has considerable growth potential in the next few years. If this takes place, Yen transactions will enjoy a broader support, and will take on more of the characteristics of the high grade market as a whole. Our reconfiguration retains a structure that matches the immediate, specialist needs of the market, while offering economies of scale when the Yen sector develops a broader footprint within Global flow products".

Ends

For further information please contact:

Name	Company	Telephone
Jessica Shepherd-Smith	Head of Business Communications Nomura International plc	00 44 (0) 20 7521 2480

Notes to editors:

The Nomura Group