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Mitsui to Complete Steel Technologies Acquisition

Jun. 4, 2007


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Mitsui & Co., Ltd. announced today that it has completed the previously announced acquisition of Steel Technologies Inc. ("Steel Technologies") through its wholly owned subsidiary Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA"). The all-cash transaction was valued at approximately $534 million, including retained debt of $137 million.

Steel Technologies convened a special shareholders meeting on May 30th, 2007 wherein its shareholders approved Mitsui USA's acquisition of Steel Technologies by majority vote. Steel Technologies will be delisted from NASDAQ, pursuant to this acquisition by Mitsui USA.

Both companies agreed on Feb 28th, 2007, that Mitsui USA acquires all outstanding shares of Steel Technologies. Having obtained all the necessary regulatory approvals, Mitsui USA has made the all cash consideration.

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