March 2?2012

To whom it may concern,

Mizuho Securities Co., Ltd.

??: Management Changes

Mizuho Securities Co., Ltd. hereby announces changes in the directors, corporate auditors

and executive officers (including changes in their areas of responsibility).

?1?

?Mizuho Securities Co., Ltd. (MHSC)?

Name New Position (effective as of April 1, 2012) Current Position
Mr. Hideo Deputy President Deputy President
Abe Head of Investment Banking Division Head of Global Investment Banking, Head of Global Coverage ,

Head of Global Investment Banking Division,

Head of investment Banking Group Mr. Hidetake Deputy President Deputy President Nakamura In charge of Risk Management Group Co-Head of Global Coverage ,

and Asia & China Business Promotion Dept. Co-Head of Global Investment Banking Division,

Head of Asia Division,
in charge of Global Business
Infrastructure Committee
Mr. Hajime Deputy President Deputy President
Saito Head of Corporate Investment Services
& Retail Business Division, Head of Wealth Management Group, Head of Corporate Business Group
Mr. Kenichi Deputy President Managing Executive Officer
Minamitani In charge of Internal Audit Dept. Head of Compliance Division, in charge of Legal Dept. and Due Diligence Dept.
Mr. Yasuo Managing Director Managing Director
Agemura and Managing Executive Officer and Managing Executive Officer
Head of Global Markets, Head of Global Markets,
Head of Markets & Products Division , Head of Global Markets & Products Division ,
Co-Head of Research Division Co-Head of Global Research Division
Mr. Shigeru Managing Director Managing Executive Officer
Akiyoshi and Managing Executive Officer Branch Manager of Nagoya Branch

Co-Head of Corporate Investment Services

& Retail Business Division,
Head of Retail Business Group
?2?
Name New Position (effective as of April 1, 2012) Current Position
Mr. Hiroto Managing Executive Officer Managing Executive Officer
Koda In charge of In charge of
Corporate Planning Dept., Global Corporate Planning Dept.,
Business Planning & Promotion Dept., Business Planning & Promotion Dept.,
Strategic Research Dept. Global Financial Management Office,
and Corporate Communications Dept. Strategic Research Dept.,
Overseas Office Administration Dept., Beijing Representative Office, Shanghai Representative Office, Mumbai Representative Office
and Corporate Communications Dept.
Mr. Tatsuya Managing Executive Officer Executive Officer
Yamada Head of Finance & Accounting Group, Head of Finance & Accounting Group,
in charge of deputy in charge of

Information Security Management Dept. Global Financial Management Office

Mr. Masaya Managing Executive Officer Managing Executive Officer
Usuha In charge of In charge of Global Risk Management Group

Business Process Management Division,

Direct Promotion Group and Corporate Support Dept.
Mr. Hidefumi Managing Executive Officer Mizuho Corporate Bank, Ltd. Kobayashi Co-Head of Research Division, Executive Officer
in charge of General Manager of
Overseas Office Administration Dept., Portfolio Management Division
Beijing Representative Office, Shanghai Representative Office, Mumbai Representative Office, Due Diligence Dept.
and Investment Dept.
Mr. Yoshio Managing Executive Officer Managing Executive Officer
Shimizu Head of Global Investment Banking, Joint Head of
Head of IB Products Group, Global Investment Banking Division,

in charge of Business Development Dept. in charge of Investment Banking and IPO Dept. Business Administration Dept.

Mr. Shuichi Managing Executive Officer Mizuho Corporate Bank, Ltd. Shimada Co-Head of Investment Banking Group, Managing Executive Officer

Head of Public & Financial Institutions Group, Chief Compliance Officer, in charge of Investment Banking Chief Credit Officer

Business Administration Dept.
?3?
Name New Position (effective as of April 1, 2012) Current Position
Mr. Masahiro Managing Executive Officer Managing Executive Officer
Miyamoto Co-Head of Investment Banking Group, Investment Banking Group

Attached to Corporate Investment Services

& Retail Business Division
Mr. Koichi Managing Executive Officer Managing Executive Officer
Kubo Attached to Investment Banking Group Investment Banking Group, Attached to Asia Division
Mr. Katsunori Managing Executive Officer Managing Executive Officer
Nozawa Attached to Investment Banking Group Investment Banking Group, Attached to Asia Division
Mr. Shingo Managing Executive Officer Managing Executive Officer
Ishizaki Attached to Investment Banking Group Head of Kansai & West Japan and Corporate Investment Services Investment Banking Group
& Retail Business Division
Mr. Hiroshi Managing Executive Officer Managing Executive Officer
Yuki Joint Head of Markets & Products Division, Joint Head of Global Markets

in charge of Solutions Business Group & Products Division,

and Markets Business Administration Dept. in charge of Solutions Business Group

and Global Markets Business
Administration Dept. Mr. Kazumi Managing Executive Officer Executive Officer Takemoto Attached to Corporate Investment Services Chief Regional Officer of Block V
& Retail Business Division, in charge of
Retail Business Administration Dept.
and Retail Business Supervising Dept.
Mr. Yukihiro Managing Executive Officer Managing Executive Officer
Take Attached to Corporate Investment Services Joint Head of Corporate Investment Services
& Retail Business Division, & Retail Business Division, Branch Manager of Osaka Branch Joint Head of Retail Business Division,
in charge of Retail Business
Administration Dept.,
Head of Direct Promotion Group
?4?
Name New Position (effective as of April 1, 2012) Current Position
Mr. Takaaki Managing Executive Officer Managing Executive Officer Kato Chairman of Mizuho Securities Asia Limited Joint Head of Asia Division, Head of China Committee,
Investment Banking Group,

Chairman of Mizuho Securities Asia Limited

Mr. Kenji Executive Officer Executive Officer
Fujii Head of Risk Management Group Head of Global Risk Management Group
Mr. Naomi Executive Officer Executive Officer
Tsumura Head of Compliance Division, In charge of Executive Secretariat in charge of Administration Dept., and Human Resources Dept.
Executive Secretariat,

Human Resources Dept. and Legal Dept.

Mr. Sadamu Executive Officer Executive Officer
Yoshida Attached to Investment Banking Group Investment Banking Group Mr. Shinya Executive Officer Executive Officer Hanamura Head of Advisory Group Head of Global Advisory Group
Mr. Yasuto Executive Officer Head of Global Capital Markets Group
Hamanishi Head of Capital Markets Group
Mr. Yoshihiro Executive Officer Branch Manager of Takamatsu Branch
Kishishita Attached to Corporate Investment Services
& Retail Business Division
Mr. Daigo Executive Officer Branch Manager of Hamamatsu Branch
Kawaguchi Attached to Corporate Investment Services
& Retail Business Division, Branch Manager of Nagoya Branch
Mr. Koji Executive Officer Executive Officer
Kamino Attached to Corporate Investment Services Chief Regional Officer of Block ?
& Retail Business Division, Branch Manager of Fukuoka Branch
Mr. Kazuya Executive Officer Executive Officer
Ishida Joint Head of Corporate Business Group Branch Manager of Kyoto Branch Mr. Kazuya Executive Officer Head of Corporate Business Administration Dept., Yamasato Joint Head of Corporate Business Group Corporate Officer?attached to Corporate Investment

Services & Retail Business Division ?

Mr. Shuji Executive Officer Branch Manager of Sendai Branch
Ueno Branch Manager of Kyoto Branch
Mr. Taiji Executive Officer Executive Officer
Kumagai Head of Direct Promotion Group Head of Information Security Management Dept.
?5?
Name New Position (effective as of April 1, 2012) Current Position Mr. Hideki Retired Deputy President Nagasaki In charge of Internal Audit Dept. Mr. Shuichi Retired Managing Director
Goto and Managing Executive Officer

Head of Corporate Investment Services

& Retail Business Division, Head of Retail Business Division,

in charge of Retail Business Supervising Dept.

and Channel Business Development Group

Mr. Yasushi Retired Managing Executive Officer
Higo In charge of
Finance & Accounting Group, Group Affiliates Management Dept.,
General Affairs Dept. and

Information Security Management Dept.

Mr. Hideki Retired Managing Executive Officer
Harima Co-Head of Global Research Division,
in charge of Investment Dept. Mr. Futoshi Retired Managing Executive Officer
Okada Investment Banking Group Mr. Koji Retired Managing Executive Officer Muranaka Investment Banking Group Mr. Yasuhiko Retired Managing Executive Officer Endo Investment Banking Group,

in charge of Corporate Finance Promotion Group

Mr. Tetsuro Retired Managing Executive Officer
Koizumi Head of Public & Financial Institutions Group
Mr. Shinichiro Retired Managing Executive Officer
Kimura Branch Manager of Osaka Branch,

in charge of Kansai Corporate Services Dept. Mr. Mitsuo Retired Managing Executive Officer Hirakata Chairman of Mizuho Securities UK Holdings Ltd.,

Chairman of Mizuho International plc
Mr. Yoshiaki Retired Executive Officer
Nakase In charge of

Business Process Management Division

and Corporate Support Dept., General Manager of

Global Business Infrastructure Committee

?6?

?The appointment of Messrs. Kenichi Minamitani and Shigeru Akiyoshi as directors is subject to

?approval at the general meeting of shareholders of MHSC to be held on April 1, 2012.

?The appointment of Yasushi Higo as corporate auditor is subject to approval at the regular

?general meeting of shareholders of MHSC to be held in late June 2012.
?7?