Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SBI HOLDINGS, INC. (Incorporated in Japan with limited liability) (Stock code: 6488) OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached copy of the Announcement.

On behalf of the Board SBI Holdings, Inc. Yoshitaka Kitao

Chief Executive Officer

Japan, 31 January 2011

As of the date of this announcement, the executive Directors are Mr Yoshitaka Kitao, Mr Taro Izuchi, Mr Takashi Nakagawa, Mr Kenji Hirai, Mr Tomoya Asakura, Mr Takashi Okita, Mr Noriaki Maruyama, Mr Shumpei Morita, Mr Shinji Yamauchi, Mr Makoto Miyazaki, Mr Yoshimi Takahashi, and Mr Masaki Takayanagi, the non-executive Directors are Mr Yasutaro Sawada, Mr Hiroyoshi Kido, Mr Noriyoshi Kimura and Mr Hiroshi Tasaka and the independent non-executive Directors are Mr

Masaki Yoshida, Mr Kiyoshi Nagano, Mr Keiji Watanabe, Mr Takeshi Natsuno and Mr Akihiro Tamaki.

January 31, 2012

SBI Holdings, Inc. (TOKYO: 8473 / Hong Kong: 6488)

Notice Regarding Broad Business Collaboration with PhillipCapital Group in Singapore

SBI Holdings, Inc. (headquartered in Minato-ku, Tokyo; Representative Director and CEO: Yoshitaka Kitao; "SBIH") has entered into a Memorandum of Understanding ("MOU") with PhillipCapital Group (headquartered in Singapore; Chairman: Lim Hua Min; "PhillipCapital"), a major financial group, to collaborate in various business spheres mainly in the financial sector.
PhillipCapital Group is a financial group providing fully integrated financial and investment services for retail, corporate and institutional customers globally. With the signing of the MOU, the SBI Group and PhillipCapital Group will collaborate with each other in wide range of business initiatives including provision of foreign stocks and research reports of Singapore and Thailand to SBI SECURITIES' customers and establishing connection of FX and CFD platforms between both groups.
The SBI Group has been forming the network with overseas securities companies such as SW Kingsway in Hong Kong, IFC METROPOL in Russia, FPT Securities in Vietnam, E*TRADE in Korea and Interactive Brokers in the U.S., to distribute stocks of those countries. Singapore, a developed country which is one of the leading services and trading hubs in Asia, with high GDP growth of 14.5% in 2010, and Thailand, as a center of global automobile export and electronics manufacturing industries, with GDP growth of 7.8 % in 2010, are expected to maintain remarkable growths also in the future.

About PhillipCapital Group

Established in 1975, PhillipCapital Group is a group of companies which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. Having superiority especially in securities businesses, its financial services includes Stocks, Bonds, Foreign Exchanges, CFDs, Futures, Precious Metals and Commodities, Fund Management, Financial & Insurance Planning, Investment Trusts, Mortgage Loans, Investment Research and Real Estates related businesses.
PhillipCapital Group operates in the financial hubs of 12 countries in United Kingdom, France, Japan, China, Hong Kong, Thailand, Singapore, Malaysia, Indonesia, Sri Lanka, Australia and the United States. The PhillipCapital Group employs more than 3,500 employees worldwide. Phillip Securities Pte Ltd, a member of PhillipCapital Group, clinched the 'Best Retail Broker Award' in the Securities Investors Association of Singapore (SIAS) Investors' Choice Awards for consecutive two years in 2011 and 2010.