Notification of Impairment of Investments in Subsidiaries and Affiliates in Unconsolidated Financial Statements

Tokyo, April 25, 2008 – In accordance with the Rules on Timely Disclosure of Tokyo Stock Exchange, Nomura Holdings, Inc. today announced that it has recorded an impairment of its investment in the shares of subsidiaries and affiliates in its unconsolidated financial statements for the fiscal year ended March 31, 2008.

The impairment is mainly due to the decrease of net asset value in the shares of its subsidiary holding company for the Americas. The impact for the fiscal year ended March 31, 2008, is reflected in Nomura Holdings' consolidated financial statements announced today.

The impairment shown below is the cumulative amount for the fiscal year ended March 31, 2008, and includes the 156.8 billion yen impairment recorded in the second quarter.

(billions of yen, except percentages)

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Nomura Group

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.

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