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Mitsui invests US$ 30 million in Brightstar's subsidiary for Southeast Asian Operation

Mar. 8, 2007


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Mitsui & Co., Ltd. (Mitsui) announced today that it has made a US$30 Million investment in Brightstar Logistics Pte. Ltd.(the Company), a Singapore company wholly-owned by Brightstar Corp. (Brightstar), the worldwide leading wireless device distribution and supply chain solutions company, serving manufacturers, operators and retailers.

The Company has been conducting operations in Southeast Asia as regional headquarters for Brightstar.  After this transaction, Mitsui will consolidate the Company's accounts with its own, using the equity method. The Company will provide services including strategic product sourcing, customization, fulfillment, inventory management, point of sale and retail management. Operational territory of the Company includes Singapore, Philippines and Malaysia, with plans to expand into Vietnam, Thailand and others in the coming months.

Mitsui and Brightstar have been jointly evaluating opportunities in the fast-growing market since Mitsui's first investment in Brightstar in August, 2004. As the first result of this joint evaluation, Mitsui invested in Brightstar Logistics Pty. Ltd., a subsidiary of Brightstar, incorporated in Australia, in November, 2005. Later, in June, 2006, Mitsui made an additional US$ 50 million investment in Brightstar to strengthen the relationship between Brightstar and Mitsui and enhance joint business development.

Mitsui considers Brightstar a strategic partner which has expertise in mobile related outsourcing business. Mitsui seeks to further expand the business in the Asia-Pacific market by strengthening its business collaboration and strategic alliance with Brightstar.

Outline of Brightstar Corp.

Name of the Company Brightstar Corp.
President & C.E.O Marcelo Claure

Address of Headquarter

2010 N.W. 84th Avenue Miami, Florida 33122

Founded

1997

Business Activities The worldwide leading wireless distribution and supply chain solution company

Notice:
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9819
infoTKADZ@mitsui.com
Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7562
Facsimile: +81-3-3285-9819