---

Daiwa Securities Group, Inc 2004/11/17(Wed) 11:08 [amend/delete]

The group consists of: Daiwa Securities Co, Ltd offering retail securities services to individual investors; Daiwa Securities SB Capital Markets Co, Ltd providing a variety of financial services for corporate customers; and other companies providing services in asset management and other securities-related businesses. Entered a strategic alliance with Sumitomo Bank in April 1999.

---