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Mitsui to Purchase Additional Shares in Mitsui Chemicals

May 22, 2007


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Mitsui & Co., Ltd. ("Mitsui") announced today that it has purchased additional shares in Mitsui Chemicals, Inc. ("Mitsui Chemicals") with following details.

Please scroll horizontally to look at table below.

Number of shares addionally purchased

16,000,000 shares

Purchase amount

¥16.1 billion

Shareholding Ratio

 

As of Dec.31, 2006

18,740,390 shares

2.37%
As of May 21, 2007

34,740,390 shares

4.39%

Mitsui considers Mitsui Chemicals to be one of the most important strategic partners in the chemical industry. With the acquisition of additional shares, Mitsui aims to further strengthen its relationship with Mitsui Chemicals, reinforcing strategic partnership with the company in various areas, including but not only Petrochemicals, Basic Chemicals, Performance Polymer Materials, and Performance Chemicals and Engineering Materials, which the company considers as their core businesses. Joint studies on various projects and/or business collaboration shall be included in the scope of the deal.

Headquartered in Tokyo, Japan, Mitsui Chemicals is one of the diversified chemical company in Japan with offices in Europe, China, Korea, Southeast Asia and America. As a worldwide leader in the chemical industry, the company is actively engaged in numerous industry segments including Petrochemicals, Basic Chemicals, Performance Polymer Materials, and Performance Chemicals and Engineering Materials.

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: +81-3-3285-7564
Facsimile: +81-3-3285-9819