Nationwide Financial declares increased quarterly dividend

Board approves increase from 23 cents to 26 cents

FOR IMMEDIATE RELEASE
Feb. 21, 2007
Investor Contact:
Mark Barnett (614) 677-5331

Media Contact:
Erica Lewis (614) 249-0184

Columbus, Ohio — The board of directors of Nationwide Financial Services, Inc. (NYSE: NFS), a leading provider of retirement and long-term savings insurance products, today approved an increase in the regular quarterly dividend from 23 cents ($0.23) to 26 cents ($0.26) per share, reflecting the company’s strong financial condition and continuing performance.

The dividend is payable on April 16, 2007, to shareholders of record at the close of business on April 2, 2007.

About Nationwide Financial
Columbus-based Nationwide Financial is the holding company for the domestic retirement savings operations of Nationwide, which owns 62.9 percent of the outstanding common shares of Nationwide Financial. The major operating subsidiary of Nationwide Financial is Nationwide Life Insurance Company. To obtain investor materials, including the Company’s 2005 Annual Report to Shareholders, 2005 Annual Report on Form 10-K, quarterly statistical supplements and other corporate announcements, please visit the investor relations section of the Company’s Web site at www.nationwide.com.

^{Nationwide, Nationwide Financial and the Nationwide Framemark are federally registered service marks of Nationwide Mutual Insurance Company.}