Nomura Asia Investment (Singapore) Pte. Ltd. made a tender offer to acquire remaining 14.2% in Capital Nomura Securities Public Company Limited (SET:CNS) from a group of shareholders for approximately THB 770 million on October 2, 2019. A letter of intent is received by Capital Nomura Securities Public Company Limited subject to approvals. The securities will be acquired at an offer price of THB 2.51 per share. Currently Nomura Asia Investment (Singapore) Pte. Ltd. holds 85.78% in Capital Nomura Securities Public Company Limited. Nomura Asia Investment (Singapore) Pte. Ltd. shall make a payment for the tendered shares to all shareholders who accept the tender offer in cash. In this regard, Nomura Asia Investment (Singapore) Pte. Ltd. already secured financial supports from Nomura International Funding Pte. Ltd. (“NIF”). Upon completion of the tender offer, Nomura Asia Investment (Singapore) Pte. Ltd. may introduce changes to the Board of Directors as deemed appropriate. The offer is subject to approval from Thailand Stock Exchange, shareholders of Capital Nomura Securities Public Company Limited and is already approved by its Board of Directors on October 3, 2019. Post completion the securities of Capital Nomura Securities Public Company Limited will be delisted. As of December 17, 2019, Nomura Holdings, Inc. announced its intention to launch a tender offer to delist the shares of its consolidated subsidiary Capital Nomura Securities Public Company Limited. The shareholders of Capital Nomura Securities Public Company Limited approved the transaction and necessary approvals from SET have been obtained. Grant Thornton Services Limited deemed that the the tender offer price is appropriate. The offer is open for acceptances from January 2020 to early March 2020. As of December 26, 2019, the tender offer period will start from January 2, 2020 and will end on March 5, 2020. The impact of the offer on the consolidated results of Nomura Holdings, Inc is expected to be minimal. Grant Thornton Services Limited acted as financial advisor for Capital Nomura Securities Public Company Limited.

Nomura Asia Investment (Singapore) Pte. Ltd. completed the acquisition of additional 13.3% in Capital Nomura Securities Public Company Limited (SET:CNS) from a group of shareholders for approximately THB 720 million on March 10, 2020. During the period, Nomura Asia Investment (Singapore) Pte. Ltd. additional 286.37 million shares. Post completion, Nomura Asia Investment (Singapore) Pte. Ltd. hold 2.13 billion shares representing 99.1% stake of Capital Nomura Securities Public Company Limited.