FOR IMMEDIATE RELEASE
August 25, 2004

MITSUI USA MAKES STRATEGIC INVESTMENT IN SAVI TECHNOLOGY

Companies Will Work Together to Extend Real-Time
Logistics Solutions to Global Markets

NEW YORK, NY AND SUNNYVALE, CA -- Aug. 25, 2004 -- Mitsui & Co. (U.S.A.), Inc. (Mitsui USA), a wholly-owned subsidiary of Mitsui & Co., Ltd., Japan (NasdaqNM: MITSY), one of the world's most diversified trading and service enterprises, and Savi Technology, Inc., a leading provider of real-time networked solutions for the management and security of supply chain assets, co-announced today that Mitsui USA has invested in privately-held Savi Technology, through a $10 million investment in Infolink Systems, Inc., a holding company and parent of Savi Technology.

"In today's competitive world, greater cargo efficiency and security means greater economic security overall, and this requires greater global collaboration among leading companies such as Mitsui and Savi to bring technology solutions to the supply chain marketplace," said Masahiko Tsumoto, Mitsui USA's Senior Vice President & General Manager of Transportation Logistics Division. "Mitsui has been very impressed with Savi's ability to rapidly innovate solutions based on proven real-time technologies, and we're eager to cooperatively offer these solutions to our broad customer base involved in global trade initially in Japan, then throughout Asia and worldwide."

Mitsui USA, based in New York as Mitsui's largest overseas subsidiary, is engaged in export, import, offshore trading, and domestic businesses and operates more than 90 consolidated subsidiaries and affiliated companies in the U.S. Annually, Mitsui moves billions of dollars of cargo of all kinds and shapes throughout the world, and provides tailored logistics services to thousands of customers, while maintaining close contacts with more than 100 logistics services providers, including ocean and air carriers, rail operators, trucking companies, warehousing companies, customhouse brokers and insurance companies.

"Mitsui USA and Savi have been collaborating for nearly a year and we're convinced that by working more closely together both companies can rapidly expand network coverage and user adoption of our solutions," said Rohit Verma, Savi's Vice President of Corporate Development. "Mitsui's strategic insights and market relationships will help open up new business opportunities for Savi's RFID networks for real-time supply chain visibility, asset management, inventory optimization, and global supply chain security."

Savi Technology has more than a decade of experience implementing solutions around the world that have been proven to enhance operational efficiency and deliver substantial cost savings. The company is the primary technology provider for the world's largest wireless cargo monitoring network for the U.S. Department of Defense, which employs RFID, barcode, cellular and satellite communications systems to track shipments around the world.

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Savi Technology, Inc.

With over 15 years of global logistics infrastructure experience, Savi is the proven leader in real-time supply chain asset management and security. The company's broad customer service base includes the U.S. Department of Defense, the United Kingdom Ministry of Defence, major shippers, manufacturers, and retailers, as well as numerous international ports, terminal operators, carriers, asset owners and third party logistics providers. Founded in 1989, Savi Technology is privately held, with headquarters in Sunnyvale, Calif., and offices in Washington, D.C., London, Milan, Hong Kong, Taiwan, Singapore and South Africa. For additional information, visit Savi on the web at www.savi.com.

Mitsui & Co. (U.S.A.), Inc.

Mitsui USA, incorporated in 1966, is engaged in import, export, off-shore trade and domestic wholesale. Aspiring to be "Your Global Business Partner®", the company is committed to be a global business creator and problem solver with distinct service capabilities by innovative combinations of Information Technology (IT), Financial Technology (FT), and Logistics Technology (LT). Mitsui USA's NY Headquarters has 11 operating divisions across industries. Other offices are located in Chicago, Cleveland, Detroit, Houston, Los Angeles, Nashville, Portland, San Francisco, Seattle, and Washington, D.C.

Its parent company, Mitsui & Co., Ltd., Japan, is one of the world's most diversified and comprehensive trading and service companies. Headquartered in Tokyo, it maintains a global network of 183 offices in 80 countries, and has 723 subsidiaries and associated companies worldwide.

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