Daiwa Securities : Results of Share Repurchase

Press Release

January 25, 2017 Daiwa Securities Group Inc.

Results of Share Repurchase

(Share repurchase under the provisions of the Articles of Incorporation pursuant to Article 459, Paragraph 1 of the Companies Act of Japan)

Attention

This document is an unofficial translation of a press release announced on January 25, 2017 by Daiwa Securities Group Inc. The original press release is in Japanese.

Daiwa Securities Group Inc. ("the Company") announces the results of share repurchase, as outlined below. The share repurchase was resolved by the meeting of Board of Directors on October 28, 2016 under the provisions of the Articles of Incorporation pursuant to Article 459, Paragraph 1 of the Companies Act of Japan.

The share repurchase based on the resolution above has now been completed.

The main reason that the share repurchase has reached the expiration date without execution is that the Company's share price rose significantly after the resolution was made at the meeting of Board of Directors on October 28, 2016.

1. Type of shares Common Stock

2. Total number of shares to be repurchased 0

3. Total amount to be paid for repurchase JPY 0

4. Period of share repurchase November 14, 2016 to January 25, 2017

5. Method of repurchase Purchase on the stock market via trust bank

(Reference) Details of the share repurchase as resolved by the meeting of Board of Directors on October 28, 2016.

1. Type of shares Common Stock

2. Total number of shares to be repurchased Up to 30 million

   (1.77% of total shares outstanding, excluding treasury stock)

3. Total amount to be paid for repurchase Up to JPY 20 billion

4. Period of share repurchase October 31, 2016 to January 25, 2017

5. Method of repurchase Purchase on the stock market via trust bank End