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Sales of stakes in Cable Net Companies

Oct. 10, 2007


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Mitsui & Co., Ltd. ("Mitsui") announced today that it has agreed with JAPAN CABLENET LIMITED ("JCN") to sell 50.8% of its issued shares of CABLENET SAITAMA CO.,LTD. ("CNS") and 50.0% of its issued shares of HINO CABLE TELEVISION INC. ("HiCT")

This deal is in line with Mitsui's corporate strategy under the current Medium-term Management Outlook, in which Mitsui has been reviewing its portfolio to create the value. The transaction is scheduled to be completed on 1st November, 2007 and approximately Yen 1.6 billion profit (after-tax) is expected through this sales.

Mitsui keeps the strategy of Media business unchanged, as one of Mitsui's focusing business area. Adding new portfolio, World Hi-Vision Channel, Inc 100% owned by Mitsui, which starts new broad satellite (BS) broadcasting service in this December, Mitsui will develop further added value businesses to consumers.

Outline of CNS and HiCT

Company Name CABLENET SAITAMA CO.,LTD.
Address 1-17-12 Namiki, Kawaguchi-city, Saitama Japan
Capital ¥ 2,700 million (as of March 31, 2007)
President Hiroshi Kubota
Foundation June 1, 1995
Business activity Cable TV, High-speed Internet and Telephony services
Company Name HINO CABLE TELEVISION INC.
Address 4-2-2 Hino-honmachi, Hino-city, Tokyo Japan
Capital ¥ 1,520 million (as of March 31, 2007)
President Norio Kameda
Foundation July 1, 1996
Business activity Cable TV, High-speed Internet and Telephony services

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: +81-3-3285-7566
Facsimile: +81-3-3285-9819