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Acquisition of preferred stock issued by Japan Airline Corporation

Feb. 29, 2008


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Mitsui has determined to acquire shares of Type A Stock, non-voting preferred shares, convertible into the Japan Airline Corporation("JAL")'s common shares ("Preferred Stock"), to be newly issued by JAL on 29 Feb, 2008 in the following manner:

Please scroll horizontally to look at table below.

No. of stocks acquired 80,000,000
Acquisition cost Yen 20 billion
Acquisition schedule March 17, 2008
Outstanding of owned JAL's stocks   Owned stocks Type
Pre-transaction 11,738,354 Common Stocks
Post-transaction 80,000,000
11,738,354
Preferred Stocks
Common Stocks

Mitsui considers JAL to be one of the most important business partners with a long term historical business relationship. Mitsui believes this acquisition will contribute to JAL's "FY2008-2010 Mid-Term Revival Plan" announced on February 29, 2008 enabling Mitsui to strengthen the relationship with JAL. Through this transaction, Mitsui envisages developing new business with JAL in future.

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: +81-3-3285-7596
Facsimile: +81-3-3285-9819