News Release Nomura Holdings Nomura Provides Mezzanine Loan

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News Release Nomura Holdings Nomura Provides Mezzanine Loan

News Release Nomura Provides Mezzanine Loan for Asian Project Finance Deal Tokyo, June 20, 2007—Nomura Holdings, Inc. today announced that it provided a US$230 million mezzanine loan to CrimsonPower Holdings Company, Inc, a joint venture formed by The Tokyo Electric Power Company, Incorporated (TEPCO) and Marubeni Corporation. The loan, provided via a newly established special purpose vehicle, is part of a financing arrangement for the acquisition of three power stations 1 in the Philippines totaling 2,200 megawatts from Mirant Corporation, an independent US power company. The remainder of the acquisition financing consists of a US$2.7 billion senior loan by the Japan Bank for International Cooperation and commercial banks, and equity financing by TEPCO and Marubeni. In early 2007, Nomura set up dedicated teams of project finance experts in Tokyo and Hong Kong to work on expanding the firm’s project finance operations. The mezzanine loan for CrimsonPower marks the first deal for Nomura. Demand for project finance deals across Asia is expected to increase as the need for infrastructure development rises on the back of the region's rapid economic growth. Nomura will focus on creating new investment opportunities for a broad base of investors via the capital markets by arranging mezzanine loans, while making it easier for project sponsors to take on risk and stimulate the market for infrastructure projects in Asia. Ends Notes to editors: Nomura Group Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 150 branches in Japan, and an international network in 30 countries; with regional headquarters in Hong Kong, London, and New York. The Group’s business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com. 1 Includes 100% of the Pagbilao coal-fired power station (735MW), 100% of the Sual coal-fired power station (1,218MW) and 20% of the Ilijan gas combined cycle power station (1,251MW), all based in the Luzon region. Electricity generated from the power stations will be supplied mainly to the National Power Corporation. Financing Scheme Outline .

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