Nomura Acquisition of Nexen Energy Marketing London Limited ("NEML")

In March 2010 Nomura completed the acquisition of Nexen Energy Marketing London Limited ("NEML"), a physical commodity trading and marketing business focused on European natural gas and power. NEML was previously a wholly owned subsidiary of Nexen Inc., a Canadian based exploration and production company listed in Canada and the US.

NEML has trading activities in the UK, Belgium, the Netherlands and Germany and access to a scalable physical platform, including natural gas storage and transportation capabilities.

Nomura currently operates commodities businesses in Europe and Asia, primarily focused on providing commodity solutions to its institutional and corporate client base. The acquisition of NEML will be highly complementary to Nomura's existing Commodities franchise. The acquisition will also further enhance Nomura's highly regarded global investment banking franchise in the power and gas sector.

Please note that as part of the transaction NEML was renamed Nomura Energy Marketing Limited.