Daiwa Securities Group Inc
02 September 2005

                                                               September 2, 2005

Press Release

                                                     Daiwa Securities Group Inc.


Notice Regarding Determination of Exercise Price of Stock Acquisition Rights
Issued as Stock Options

Daiwa Securities Group Inc. (hereafter 'Company') hereby announces that the
following items regarding the stock acquisition rights to be issued as stock
options, pursuant to the resolution passed at the meeting of the Company's
Executive Committee held on August 25, 2005, have been determined today.


1. Date of Issuance
September 2, 2005


2. Amount to be Paid-in upon Exercise of Stock Acquisition Rights
Amount to be paid-in upon exercise of each stock acquisition right:
Y781,000

Amount to be paid-in per share to be issued upon exercise of stock acquisition
rights (Exercise Price):
Y781



3. Aggregate Value of Shares to be Issued Upon Exercise of Stock Acquisition
Rights
Y1,999,360,000



(4) Amount to be Credited in Capital on New Share Issuance
Y391 per share





1. Date of Board of Directors meeting that resolved to propose this issue to the
Ordinary General Meeting of Shareholders
May 19, 2005

2. Date of resolution at the 68th Ordinary General Meeting of Shareholders
June 24, 2005

3. Date of Executive Committee meeting that resolved to issue the stock
acquisition rights
August 25, 2005



                                                                             End



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