To whom it may concern
January 10, 2012
Mizuho Securities Co., Ltd.

Notice of Organizational Changes

On October 3, 2011, Mizuho Securities Co., Ltd. (hereafter "the Company"), faced with the possibility of a protracted severe management environment, announced the implementation of the "Business Foundation Restructuring Program", and other measures, in order to accelerate efforts to increase profitability. Further to this, the Company hereby announces today that it is making the following changes to its organizational structure, in order to move in the direction of business strengthening outlined in the aforementioned program, through realizing efficient and mobile organizational management.