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ETF/ETN Monthly Report Feb-2013

◆Market Summary Trading value increased significantly due to bullish conditions ■ In January, active Japanese stock price index ETFs drove a vibrant ETF/ETN market, with the trading value of " Exchange Traded Fund (1321)" exceeding JPY 100 billion. Average daily trading value rose significantly by 62.54% from the previous month. ■ Bullish conditions in markets for growth companies (Mothers and JASDAQ reached highs in trading value which were last seen about five years ago) led to substantial increases in the trading value of ETFs tracking such markets. The trading value of "Listed S&P Emerging Equity 100 (1314)" surged 412% from last month while "JASDAQ-TOP20 ETF (1551)" (up 360%) and "TSE Mothers Core ETF (1563)" (up 198%) also ranked among the top trading value gainers. ■ Upbeat Asian stock markets boosted trading in ETFs such as "NEXT FUNDS FTSE KLCI Exchange Traded Fund (1560)" and "NEXT FUNDS Thai Stock SET50 Exchange Traded Fund (1559)" which saw significant monthly growth in trading value. ◆Trading Value - Monthly（Auction） （Jan-2013） Total（JPY） Daily Average (JPY) ◆Trading days：19 Month on Month 517,548,515,652 27,239,395,561 +62.54% ◆Rankings ETF 131 ● Monthly trading value （Jan-2013） ETN 10

Monthly Trading Value, Fund # Code Name Underlying index/commodity Category Monthly Change (%) Value (unit: JPY 1,000) Administrator Stock price index: Nikkei 1 1321 Nikkei 225 Exchange Traded Fund Domestic Stock Indices 133,464,448 +58.14% Nomura AM Stock Average

2 1570 NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund Nikkei 225 Leveraged Index Domestic Stock Indices 85,040,380 +143.02% Nomura AM

Japanese Equitiy Index 3 1306 TOPIX Exchange Traded Fund TOPIX 77,670,995 +53.43% Nomura AM (market)

4 1330 Nikko Exchange Traded Index Fund 225 Nikkei 225 Japanese Equitiy Index (market)62,183,638 +40.15% Nikko AM

5 1568 TOPIX Bull 2x ETF TOPIX Leveraged (2x) Index Leveraged / Inverse Index27,416,374 +87.94% Simplex AM

6 1320 Daiwa ETF – Nikkei 225 Stock price index: Nikkei Stock Average Domestic Stock Indices27,407,687 +67.90% Daiwa AM

7 1308 Nikko Exchange Traded Index Fund TOPIX TOPIX Japanese Equitiy Index (market)19,063,178 +115.52% Nikko AM

8 1571 NEXT FUNDS Nikkei 225 Inverse Index Exchange Traded Fund Nikkei 225 Inverse Index Domestic Stock Indices11,264,839 +8.99% Nomura AM Mitsubishi UFJ 9 1346 MAXIS NIKKEI225 ETF Nikkei 225 Domestic Stock Indices 9,717,442 +69.96% AM Mitsubishi UFJ 10 1540 Japan Physical Gold ETF Gold Commodity/Commodity Index 8,717,975 +30.38% TB 11 1615 TOPIX Banks Exchange Traded Fund TOPIX Banks Japanese Equitiy Index (sector)7,813,388 +112.31% Nomura AM

12 1305 Daiwa ETF-TOPIX TOPIX Japanese Equitiy Index (market)7,357,851 -4.83% Daiwa AM World Gold 13 1326 SPDR® Gold Shares Gold Commodity/Commodity Index 5,457,395 +35.76% Council S&P500 VIX SHORT-TERM FUTURES 14 1552 KOKUSAI S&P500 VIX SHORT-TERM FUTURES INDEX ETF Foreign Stock Indices4,760,583 +16.28% KOKUSAI AM INDEX 15 1569 TOPIX Bear -1x ETF TOPIX Inverse (-1x) Index Leveraged / Inverse Index4,306,886 +50.36% Simplex AM

16 1343 NEXT FUNDS REIT INDEX ETF Tokyo REIT Index Real Estate 2,674,609 +54.75% Nomura AM

17 1309 SSE50 Index Linked Exchange Traded Fund SSE50 Index Foreign Stock Indices1,962,608 +3.48% Nomura AM REIT Index 18 1345 Listed Index Fund J-REIT (Tokyo Stock Exchange REIT Index) Bi-Monthly Dividend Payment Type Real Estate 1,428,859 （IPO） Nikko AM Prompt contract settlement prices of 19 1671 Simplex WTI ETF Commodity Indices 1,350,480 +14.02% Simplex AM Light, Sweet Crude Oil Futures (WTI Mitsubishi UFJ 20 1542 Japan Physical Silver ETF Silver Commodity/Commodity Index 1,329,153 -0.58% TB [Notes] -The list shows the top 20 by monthly trading value, which only includes auction trades. (ToSTNeT trading is not included.) -Monthly change is calculated based on ADV. ● Rate of Increase in Monthly Trading Value (%) (Jan-2013) Value (unit: JPY 1,000 (rank Fund # Code Name Underlying index/commodity Category Monthly Change (%) by trading value)) Administrator

1 1560 NEXT FUNDS FTSE Bursa Malaysia KLCI Exchange Traded Fund FTSE Bursa Malaysia KLCI Foreign Equitiy Index 621,242 （30）+2258.50% Nomura AM

Japanese Equitiy Index 2 1317 Listed Index Fund TOPIX Mid400 Japan Mid Cap Equity TOPIX Mid400 23,054 （88） Nikko AM (size) +1251.07% Dow Jones-UBS Grains Commodity/Commodity 3 1688 ETFS Grains DJ-UBSCI℠ 42,900 （69） ETFS Subindex Index(ETC) +680.21% Management

4 1314 Listed Index Fund S&P Japan Emerging Equity 100 S&P Japan Emerging Equity 100 Japanese Equitiy Index (market) 84,532 （58）+412.07% Nikko AM

5 1318 Listed Index Fund TOPIX Small Japan Small Cap Equity TOPIX Small Japanese Equitiy Index (size) 42,520 （70）+394.68% Nikko AM

6 1551 JASDAQ-TOP20 ETF JASDAQ-TOP20 Domestic Stock Indices 511,108 （32）+360.38% Simplex AM

7 1631 NEXT FUNDS TOPIX-17 BANKS ETF TOPIX-17 BANKS Japanese Equitiy Index (sector) 209,057 （47）+353.12% Nomura AM

8 1316 Listed Index Fund TOPIX100 Japan Large Cap Equity TOPIX100 Japanese Equitiy Index (size) 137,736 （53）+278.77% Nikko AM

9 1556 Listed Index Fund Nikkei China Related 50 Nikkei China Related Stock 50 Japanese Equitiy Index (theme) 94,242 （57）+235.77% Nikko AM

10 1547 Listed Index Fund US Equity (S&P500) S&P 500 Foreign Equitiy Index 317,960 （37）+224.05% Nikko AM TOPIX-17 AUTOMOBILES 11 1622 NEXT FUNDS TOPIX-17 AUTOMOBILES TRANSPORTATION EQUIPMENT ETF Japanese Equitiy Index (sector) 201,673 （49）+210.46% Nomura AM TRANSPORTATION EQUIPMENT Tokyo Stock Exchange Mothers Core 12 1563 TSE Mothers Core ETF Japanese Equitiy Index (market) 40,046 （72）+198.13% Simplex AM Index 13 1621 NEXT FUNDS TOPIX-17 PHARMACEUTICAL ETF TOPIX-17 PHARMACEUTICAL Japanese Equitiy Index (sector) 70,477 （60）+194.14% Nomura AM Mitsubishi UFJ 14 1541 Japan Physical Platinum ETF Platinum Commodity/Commodity Index 1,053,421 （23） +178.35% TB 15 1559 NEXT FUNDS Thai Stock SET50 Exchange Traded Fund SET50 Index Foreign Equitiy Index 223,409 （44）+174.60% Nomura AM Nikkei 225 Leveraged Index 16 1570 NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund Domestic Stock Indices 85,040,380 （2）+143.02% Nomura AM Settlement Prices of TOCOM (Tokyo 17 1683 Mizuho Gold ETF Commodity Indices 33,800 （80）+138.51% Mizuho AM Commodity Exchange, Inc.) Gold Futures 18 1347 Listed Index Fund FTSE Japan Green Chip 35 FTSE Japan Green Chip 35 Japanese Equitiy Index (theme) 19,173 （90）+137.61% Nikko AM

19 1682 NEXT FUNDS Nikkei-TOCOM Platinum Index Linked Exchange Traded Fund 0 Commodity Indices 57,453 （65）+135.77% Nomura AM TOPIX-17 ELECTRIC & PRECISION 20 1625 NEXT FUNDS TOPIX-17 ELECTRIC & PRECISION INSTRUMENTS ETF Japanese Equitiy Index (sector) 29,533 （84）+124.81% Nomura AM INSTRUMENTS [Notes] - The list shows the top 20 by rate of increase in monthly trading value (%), which only includes issues with ADV of at least JPY 1 million. ● Volatility (as of 31-Jan-2013) Value (unit: JPY 1,000 Fund # Code Name Benchmark index Category Volatility (rank by trading value)) Administrator

Dow Jones-UBS Natural Gas Commodity/Commodity ETFS 1 1689 ETFS Natural Gas 98.53% (95.32%) 40,498 (71) Subindex Index(ETC) Management S&P500 VIX SHORT-TERM KOKUSAI 2 1552 KOKUSAI S&P500 VIX SHORT-TERM FUTURES INDEX ETF Foreign Stock Indices 67.55% (54.93%) 4,760,583 (14) FUTURES INDEX AM 2030( iPath® S&P 500 VIX Short- Barclays 3 S&P 500 VIX Short-Term Futures™ Index Total Return ETN 63.20% (49.87%) 69,745 (61) ETN) Term Futures™ JDR Bank PLC

4 1551 JASDAQ-TOP20 ETF JASDAQ-TOP20 Domestic Stock Indices 56.70% (33.45%) 511,108 (32) Simplex AM

5 1572 China H-share Bull 2x ETF HSCEI Leveraged Index Leveraged / Inverse Index 48.51% (値なし 755,067 (26) Simplex AM

6 1570 NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund Nikkei 225 Leveraged Index Domestic Stock Indices 46.85% (30.8%) 85,040,380 (2) Nomura AM

7 1559 NEXT FUNDS Thai Stock SET50 Exchange Traded Fund SET50 Index Foreign Equitiy Index 39.52% (11.54%) 223,409 (44) Nomura AM

8 1568 TOPIX Bull 2x ETF TOPIX Leveraged (2x) Index Leveraged / Inverse Index 37.21% (25.37%) 27,416,374 (5) Simplex AM Tokyo Stock Exchange Mothers Core 9 1563 TSE Mothers Core ETF Japanese Equitiy Index (market) 35.59% (40.32%) 40,046 (72) Simplex AM Index 10 1627 NEXT FUNDS TOPIX-17 ELECTRIC POWER & GAS ETF TOPIX-17 ELECTRIC POWER & GAS Japanese Equitiy Index (sector) 35.10% (36.75%) 63,160 (62) Nomura AM

[Notes] The list shows the top 10 by 30-day historical volatility. Data source: Bloomberg L.P.. Issues in the ranking only includes those with ADV of at least JPY 1 million that were traded for more than 27 out of the most recent 30 trading days.

◆IPO

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ＥＴN NEXT NOTES HSI Leveraged ETN （2031） February 18,2013. ETN issuer： Underlying Index ： HSI Leveraged Index Source：http://www.tse.or.jp/english/news/08/130121_a.html NEXT NOTES HSI Short ETN （2032） February 18,2013. ETN issuer： Nomura Holdings Underlying Index ： HSI Short Index Source：http://www.tse.or.jp/english/news/08/130121_a.html NEXT NOTES KOSPI200 Leverage ETN （2033） February 18,2013. ETN issuer： Nomura Holdings Underlying Index ： KOSPI200 Leverage Source：http://www.tse.or.jp/english/news/08/130121_a.html NEXT NOTES F-KOSPI200 Inverse ETN （2034） February 18,2013. ETN issuer： Nomura Holdings Underlying Index ： F-KOSPI200 Inverse Source：http://www.tse.or.jp/english/news/08/130121_a.html ◆Website

Please refer to the TSE website with regards to ETF/ETN information as below: ◆ ETF/ETN list http://www.tse.or.jp/english/rules/etfs/list/index.html http://www.tse.or.jp/english/rules/etfs/list/etn.html - Confirm all ETF/ETN listings on the TSE categorized by underlying asset and find weekly reports for each name indicating the market price and underlying index. ◆ FAQ http://www.tse.or.jp/english/rules/etfs/qa.html - FAQ with regards to ETF/ETN listed on TSE. ◆ iNAV http://www.tse.idmanagedsolutions.com/iopv/table?language=en&iopv=1 http://www.ose.idmanagedsolutions.com/etf/etf_monitor - Confirm PCF and real-time iNAV (Indicative Net Asset Value) calculated by the real-time price of the portfolio.

[Note] - The description in this document are intended solely for the purpose of providing information on ETF and ETN. It is not material disclosed under the Financial Instruments and Exchange Act or intended to be prepared and publicized to solicit investment or promote trading with specified financial instruments firms, etc. - The data in the description are preliminary figures and are subject to change. - Losses may be incurred due to fluctuation of indices, the foreign exchange rate, underlying asset, and downturn of the issuer etc., and the entire deposited margin or a portion of such may be lost. Losses may also exceed deposited margin. - When trading ETF, investors must carefully review the documents provided by their financial services provider before contract signing, and must trade on their own responsibility based on their own judgment only after fully understanding the product qualities, the trading mechanism, relevant fees, the risk involved, etc. - The description is as of January 2013. TSE reserves the right to change the contents of this publication without prior notice. While every effort is taken to ensure the accuracy of the information contained in this document, Tokyo Stock Exchange, Inc. (TSE) does not guarantee, nor assume responsibility for any damages caused by any errors, misunderstanding or omissions.