NEWS RELEASE
NRI Announces Changes in Representative Directors and Appointment of a New President

January 15, 2010
Nomura Research Institute, Ltd.

Nomura Research Institute, Ltd. (NRI) announced today details of a decision to conduct changes in its management and appoint a new president following a meeting of its Board of Directors held on January 15, 2010. Brief details are as follows.

1. Change of Position
New Title/Position Former Title/Position Effective Date
Akihisa Fujinuma Chairman, Director Chairman and President,
Representative Director,
CEO & COO
April 1, 2010

2. Appointment of a New President
New Title/Position Former Title/Position Effective Date
Tadashi Shimamoto* President,
Representative Director,
CEO & COO
Representative Director, Corporate Executive Vice President April 1, 2010

* Number of NRI shares held: 368 million



[For general inquiries, please contact:]
Takeshi Nomura or Ai Ohara
Corporate Communication Department
Nomura Research Institute, Ltd.
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