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Notice Regarding the Completion of the Acquisition in India
12/21/10
Daiwa Securities Group Inc., Daiwa Asset Management Co. Ltd.
Press Release
Attention: This document is a translation of the press release announced on December 21, 2010 by Daiwa Securities Group Inc. and Daiwa Asset Management Co. Ltd. The original press release is in Japanese. @Daiwa Securities Group Inc. and Daiwa Asset Management Co. Ltd. (jointly gDaiwa Securities Grouph) today announced that Daiwa Securities Group has completed the acquisition of Shinsei Asset Management (India) Private Limited (gSAMIh), which conducts asset management business in India as an affiliate of Shinsei Bank, and Shinsei Trustee Company (India) Private Limited (gSTCh) after the approval from regulatory authorities in India. SAMI and STC became 100% subsidiaries of Daiwa Securities Group. The transaction was disclosed through the press release dated March 29, 2010. Daiwa Securities Group, in its mid-term management plan prepared in April 2009, aims to expand its business in Asia and emerging market countries. We believe that the successful acquisition of SAMI and STC will further strengthen our business platform in Asia as well as enhance the business opportunities. India has more than 1.1 billion in population, the second largest after China, and is enjoying high economic growth. Daiwa Securities Group will capture the growth opportunities by entering the rapidly growing Indian domestic asset management business, and we will also reinforce our capability to provide various products to Japanese investors through the Indian asset management company.
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