As a subsidiary of Japan's first full-scale investment bank, we plan to build a major presence in the international markets. Mizuho Securities is a totally new kind of securities company in that it specializes in wholesale securities trading for customers primarily including business entities and institutional investors. Applying its advanced financial expertise, the Company offers a full range of solutions that best meet customers' investment and financing needs, and intends to achieve a position comparable to the top securities houses operating in the global market.

We offer a full lineup of financial services for institutional investors and high net worth investors through the Equity Department and Fixed Income Department. Our insightful research force of highly capable analysts and powerful trading force using cutting-edge, front-office trading systems to meet the sophisticated needs of our customers. Our research analyst ranks one of the top in Japan in several of sector. We provide full scale information on the Japanese economy and Japanese Corporation.

We provide professional advice in areas such as (i) cross-border Mergers & Acquisitions, (ii) formation of business alliances and joint ventures and (iii) corporate restructuring. Our scope of work includes the M&A idea origination, detailed financial analysis, valuation work and more generally, all aspects of transaction execution. We work very closely with all of Mizuho Financial Group member companies, whilst at the same time respecting strictly confidentiality/Chinese Walls considerations during transaction management.

In April 2006, MHSA strengthened its capability by building a new cross-border M&A team. This team consists of a professional seconded from Mizuho Security's head office in Tokyo and new professionals recruited in Hong Kong. In addition to Greater China, the expanded geographic coverage now includes the whole of Asia Pacific and India.

We aim to provide high quality and value-added services to our clients. In 2005, the Mizuho Financial Group ranked in the top three of announced M&A transactions for Japanese companies.