Nomura publishes Nomura Japan Equity High Dividend 70, Net Total Return US Dollar Hedged Index

The index indicates performance based on investing in the underlying index on a US dollar
basis while hedging currency risk. The amount hedged at the end of each month is
calculated by the investment balance at the end of each month using one-month forward
USD/JPY transactions. The yen-denominated underlying index of the index is the Net Total
Return Index of the Nomura Japan Equity High Dividend 70 published in 2012 which is an
equal-weighted index comprising 70 Japanese stocks with high dividend yields.

The Net Total Return Index reinvests dividends after tax. Because the index values are
calculated in accordance with tax rates applied to nonresidents in Japan, it enables foreign
investors to realize a high dividend strategy on Japanese equities while hedging currency
risk at low cost. In order to accommodate operating businesses of the index-related
products, the index is constructed solely with investable stocks in accordance with its
objective constructing rules.