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Mitsui to Set up "Mitsui & Co. Steel Ltd."

Jul. 31, 2007


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Mitsui & Co., Ltd.("Mitsui") announced today that it has decided to establish Mitsui & Co. Steel Ltd.("MBS"), a new subsidiary company involved in trading, marketing and distribution of steel products focusing on Japanese domestic market, by consolidating its 4 existing subsidiaries for steel products; Mitsui Bussan Construction Materials Co., Ltd., SINTSUDA CORPORATION, Mitsui Bussan Plate Processing Corporation, and Mitsui & Co. Stainless and Special Steel Ltd.
The objective of establishing MBS is to create a successful steel products company with competitive cost structure and highest efficiency. The streamlining measures are to be implemented by April 1, 2008.

Mitsui & Co. Steel Ltd. (MBS)

Paid-in capital  ¥2.4 billion (to be increased up to ¥10 billion by 2010)
Ownership Mitsui's wholly-owned subsidiary
Employees 570
CEO Takaharu Tannai (current Operating Officer, Iron & Steel Products Business Unit of Mitsui)

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