Technology industry: 26/12 Q2 results at Xerox

Research evidence excerpt

Technology industry: 26/12 Q2 results at Xerox

Nomura | Technology industry: 26/12 Q2 results at Xerox 31 July 2026

be offered or sold in the US or to US persons unless they have been registered under the 1933 Act, or except in compliance with an exemption

from the registration requirements of the 1933 Act. Unless governing law permits otherwise, any transaction should be executed via a Nomura

entity in your home jurisdiction.

This document has been approved for distribution in the UK as investment research by NIplc. NIplc is authorised by the Prudential Regulation

Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. NIplc is a member of the London Stock

Exchange. This document does not constitute a personal recommendation within the meaning of applicable regulations in the UK, or take into

account the particular investment objectives, financial situations, or needs of individual investors. This document is intended only for investors

who are 'eligible counterparties' or 'professional clients' for the purposes of applicable regulations in the UK, and may not, therefore, be

redistributed to persons who are 'retail clients' for such purposes.

This document has been approved for distribution in the European Economic Area as investment research by Nomura Financial Products

Europe GmbH (“NFPE”). NFPE is a company organized as a limited liability company under German law registered in the Commercial Register

of the Court of Frankfurt/Main under HRB 110223. NFPE is authorized and regulated by the German Federal Financial Supervisory Authority

(BaFin).

This document has been approved by NIHK, which is regulated by the Hong Kong Securities and Futures Commission, for distribution in Hong

Kong by NIHK.