IFC and TSEG to Develop Corporate Governance, Information Technology in Emerging Markets

Tokyo, Japan, August 22, 2011—IFC,a member of the World Bank Group, and the Tokyo Stock Exchange Group Inc.(TSE Group) have signed a Memorandum of Understanding to cooperate in developingcapital markets in emerging economies, helping protect investors throughbetter corporate governance, ensure fair markets, and spur economic growth.

IFC and TSE Group aim to improve the operation and regulatory frameworkof these markets by sharing knowledge and expertise in developing informationtechnology infrastructure and implementing corporate governance codes forlisted companies.

“Strong corporate governance standards and market infrastructure contributeto raising companies’ performance and investors’ confidence, helpingto bring much-needed capital for growth,” said Rachel Kyte, IFC Vice Presidentfor Business Advisory Services. “IFC has more than a decade of experienceimplementing corporate governance projects. We welcome this new partnershipwith the TSE Group to harness our combined expertise in building capacityand developing infrastructure for emerging capital markets.”

IFC will collaborate with the TSE Group through its Global Corporate GovernanceForum, a multi-donor trust fund. The Forum partners with international,regional, and local institutions to promote the private sector as an engineof growth, reduce the vulnerability of emerging markets to financial crises,and provide incentives for corporations to perform in an efficient, transparent,sustainable, and socially responsible manner.

“As one of the leading stock exchanges in the world, the TSE Group’sexpertise in market operation and information technology in trading systemswill be extremely useful to developing countries. I believe our effortsto enhance the quality of these emerging capital markets and improve thecorporate governance of listed companies will also be highly appreciatedby market participants,” said Koichiro Miyahara, Senior Executive Officerof TSE Group.

For more information about the Global Corporate Governance Forum, visit

www.ifc.org/gcgf

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About IFC

IFC, a member of the World Bank Group, is the largest global developmentinstitution focused exclusively on the private sector. We help developingcountries achieve sustainable growth by financing investment, providingadvisory services to businesses and governments, and mobilizing capitalin the international financial markets. In fiscal 2011, amid economic uncertaintyacross the globe, we helped our clients create jobs, strengthen environmentalperformance, and contribute to their local communities—all while drivingour investments to an all-time high of nearly $19 billion. For more information,visit

www.ifc.org

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About Tokyo Stock Exchange Group Inc.

Tokyo Stock Exchange Group Inc. (TSE Group) is the holding company of TokyoStock Exchange, Inc. (TSE), one of the leading global exchanges and thelargest securities market in the Asia-Pacific region. TSE is best knownfor its equities market, valued at $3.81 trillion as of the end of July2011. It also boasts the largest market for Japanese securities derivativessuch as Japanese Government Bonds and TOPIX (Tokyo Stock Price Index) futures.For more information, visit

www.tse.or.jp/english

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