Main

Mitsui to Announce Additional Investment in Vale

Jun. 13, 2008


Main Contents

Mitsui & Co., Ltd. ("Mitsui") announced today that it has decided to make an additional investment in Valepar S.A., a controlling company of Companhia Vale do Rio Doce ("Vale", head-office: Rio de Janeiro, Brazil) related to the Vale's public offering of shares which was announced on June 12, 2008.

Valepar intends to maintain the current controlling ownership at Vale by exercising its priority subscription rights, and Mitsui will contribute to Valepar on a pro rata basis. Mitsui's investment amount is expected to be approximately yen 75 billion depending on the newly issued share price.

As the global supply and demand of the mineral and metal resources is expected to remain extremely tight, securing further resource base is getting more and more important. Vale is one of the world's largest mining companies, involved in the development and expansion of production capacity of iron ore and other non-ferrous metals through organic growth and strategic acquisitions. Mitsui expects to further increase its competitive equity tonnage base in mineral and metal resources through this investment.

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: +81-3-3285-7618
Facsimile: +81-3-3285-9819