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Mitsui to sell the whole shares in Kokusai Oil & Chemical Co., Ltd.

May 27, 2008


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Mitsui & Co., Ltd. ("Mitsui") announced today that it has signed an agreement with San-ai Oil Co., Ltd. ("San-ai") to sell the whole shares in Kokusai Oil & Chemical Co., Ltd. ("KOC"), a 100% subsidiary engaged in sales of oil products. The transaction is scheduled to be completed in July 2008.

Mitsui recognizes that the transfer of KOC's share to San-ai is the best measure to enhance its operational efficiency in the highly competitive oil sales industry in Japan.
Mitsui expects that the influence on the consolidated financial results by this transaction will be insignificant.

Outline of KOC

Company Name KOKUSAI OIL & CHEMICAL CO., LTD.
Address 2-7-1, Higashi-Nihombashi, Chuo-ku, Tokyo, Japan
President Tomonobu Yamashita
Foundation September 25, 1953
Capital ¥100 million (as of March 31, 2007)
Net Worth ¥1,988 million (as of March 31, 2007)
Total Asset ¥26,658 million (as of March 31, 2007)
Sales ¥239,101 million (fiscal 2007)
Number of Employee 263 (as of April 1, 2007)
Principal Lines of Business 1. Sale of oil and oil-related products
2. Service station operation
3. Real estate lease
Shareholder Mitsui & Co., Ltd. (100%)

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