Mr. Kenji Hayashibe Director and Executive Officer Daiwa Securities Group Inc.

Kenji Hayashibe joined Daiwa in 1974. Currently, he is Director and Executive Officer, Head of Corporate Planning and Corporate Communications of Daiwa Securities Group Inc.

Prior to his current position, he was Executive Officer and Corporate Institutions Officer for the Investment Banking Division of Daiwa Securities SMBC Co. Ltd. (the Group's wholesale securities company).

In previous years, he has worked in divisions such as Investment Banking - mainly in Corporate Institutions Dept. - and Corporate Planning.

Education: Graduated from Waseda University
Major: Political Science and Economics

About Daiwa Securities Group Inc.

The Daiwa Securities Group Inc. engages in Japanese domestic and international securities-related businesses including brokerage, investment banking, asset management and research/systems development. The Group presently employs approximately 12,000 employees in 16 countries.

Corporate Community Affairs Dept. was established in the holding company in July 1999. This has created a framework for group-level social contribution activities such as supporting the 'Forest Giant' program for tree protection campaigns. Daiwa Securities Group also works through the Daiwa Anglo-Japanese Foundation.

In 2000, Daiwa Securities Group established a Corporate Branding Project that is organized across the major group companies. We believe that the Group's corporate brand value will be enhanced by gaining the continuous trust of all our stakeholders.

The first report on the Group's sustainability is scheduled for completion in the end of October 2002.

For further information: www.ir.daiwa.co.jp