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Mitsui to Set up "Mitsui Bussan Metals Co., Ltd."

Jan. 30, 2008


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Mitsui & Co., Ltd. ("Mitsui") announced today that it has decided to establish tentatively called "Mitsui Bussan Metals Co., Ltd." ("MBM") on April 1, 2008, by consolidating two major existing subsidiaries of its Mineral and Metal Resources Business Unit: Mitsui Bussan Raw Materials Development Corporation and Mitsui Bussan Metals Sales Co., Ltd.

MBM will be involved in all mineral & metal trading and recycling businesses in Japan by enhancing its sales and marketing performance through its nationwide network.

Outline of Mitsui Bussan Metals Co., Ltd. (MBM)

Location Yaesu First Financial Building, Yaesu 1-3-7, Chuo-ku, Tokyo, Japan
Paid-in capital ¥1.5 billion
Ownership Mitsui's wholly-owned subsidiary
Number of Employees 350
Turnover ¥550 billion (estimate for fiscal year 2008)
Business Ferrous and Non-ferrous scrap, Iron ore, Coal, Cokes,
Titanium raw materials and products, Environmental recycling,
Secondary aluminum, Non-ferrous products

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