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Mitsui to Sell Shares in EBM to CVRD

May 2, 2007


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Mitsui & Co., Ltd. ("Mitsui") announced today that it has reached an agreement with Companhia Vale do Rio Doce ("CVRD") to sell its all 59,287,500 shares (3.1% of total issued shares) of Empreendimentos Brasileiros de Mineração S.A.("EBM") for approximately US$114.5 million (approx. Yen 13.2 billion).
EBM is the controlling shareholder of Minerações Brasileiras Reunidas S.A. (MBR), a Brazilian iron ore producer, holding 51% of the total issued shares.

CVRD, as the controlling shareholder of MBR who holds 80% of EBM, expects to gain synergy effect through the purchase of EBM shares from Mitsui, one of the minority shareholders.

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