Monex Group, Inc.

Rating Agencies

Subject

Rating (Rating Outlook)

JCR

Long-term Issuer

BBB (Stable)

JCR

Euro Medium Term Note Programme Maximum Amount of Issue:60 billion yen (Guarantor)

BBB

R&I

Long-term Issuer

BBB (Stable)

R&I

Euro Medium Term Note Programme Maximum Amount of Issue:60 billion yen (Guarantor)

BBB

As of 26 December, 2019

Monex, Inc.

Rating Agencies

Subject

Rating (Rating Outlook)

JCR

Long-term Issuer

BBB (Stable)

JCR

Commercial Paper

J-2

R&I

Long-term Issuer

BBB (Stable)

R&I

Commercial Paper

a-2

As of 26 December, 2019

Monex Finance Corporation

Rating Agencies

Subject

Rating (Rating Outlook)

JCR

Euro Medium Term Note Programme Maximum Amount of Issue:60 billion yen (Issuer)

BBB

R&I

Euro Medium Term Note Programme Maximum Amount of Issue:60 billion yen (Issuer)

BBB

As of 26 December, 2019