Notice of the Filing of a Petition by a Subsidiary to Commence Civil Rehabilitation Proceedings

Mar. 30, 2007

Main Contents

This is to announce that a petition to commence civil rehabilitation proceedings has been filed with the Nagoya District Court today by Obara Kogyo Co., Ltd. ( "OBARA"), a subsidiary of Mitsui & Co., Ltd. ("MITSUI") engaged in the operation of Matsuna Country Club ("the Club)" with the following details:

1. Reason for the petition

OBARA has decided to file the petition to commence civil rehabilitation proceeding, because due of the repayment schedule is unlikely to be complied with rescheduled repayment plan under prolonged severe conditions for conducting golf membership business, followed the collapse of the Japanese bubble economy.

2. Total amount of liabilities (as of March 30, 2007):

7.2 billion yen

3. Description of OBARA.

Location of the head office Nakamura-ku Nagoya City
President Susumu Hosoi
Type of business Operation of a golf club
Establishment October, 1984
Amount of capital 50 million yen
Number of visitors 35,849 (from April 05 to Mach 06)
Number of Members 734 (as of March 30, 2007)
Shareholders Mitsui & Co., Ltd. (60%)
Yahagi Construction Co., Ltd.(40%)

4. Historical business results (Unit: Million yen)

Please scroll horizontally to look at table below.

  FY ended
March 31, 2004
FY ended
March 31, 2005
FY ended
March 31, 2006
Sales 508 472 478
Net Income 1 13 -5,097

5. Description of the Club

Location Toyota city, Aichi Prefecture, Japan
Opening date September, 1989
Course 18 holes, par 72
Length 6,752 yards in total

6. Future plan

Resort Trust Group ("the Group") was appointed by OBARA as sponsor for rehabilitation plan. Under initiative of the Group, the Club will be operated based on the plan.
Creditors' meeting is scheduled to be held on April 5, 2007 and details will be explained there.

7. Outline of Resort Trust Group

Scope of Business Membership operation business, Restaurant and Hotel Management, Medical (diagnostic) Business,Golf Club Management
Annual Revenue Approxi. ¥83 billion  (2006/Mar consolidated)
Total Assets Approxi. ¥209 billion (ditto)
Paid up Capital ¥13,479,960,000 (ditto)
Number of Employee 3,150 (ditto)

8. Influence on MITSUI's consolidated results

Since MITSUI recognized the losses on this transaction by the last term, we expect that the influence on the consolidated results will be insignificant.

For inquiry from owner of Matsuna Country Club
OBARA Telephone: 0565-(65)-3661

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.


For inquiries on this matter, please contact

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