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Mitsui/Hino Project In Mexico

Aug. 8, 2008


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Mitsui & Co., Ltd. ("Mitsui") announced today that it has decided with Hino Motors Ltd. ("Hino") to establish company called "HINO MOTORS MANUFACTURING MEXICO, S.A. DE C.V. (HMMM)", a J/V company as the assembly plant of the Hino trucks in Guanajuato state of Mexico and also decided to allocate new stock of "HINO MOTORS SALES MEXICO, S.A. DE C.V. (HIMEX), existing sales company owned by Mitsui, to Hino in an aim to strengthen Hino business in Mexico through a combination of sales and manufacturing.

As Mitsui announced in January of 2007, HIMEX introduced the "Hino 300 series (Japanese name: Hino Dutro)" in Mexican Market in August of the same year. This time, HIMEX has the plan to assemble and introduce the "Hino 500 series (Hino Ranger)" in order to create and expand the Hino trucks sales and its brand penetration in Mexico. This "Hino 500 series" has advantages such as logistics expenses reduction, customs allowance merits and so on which are expected to lead to its stronger price competitiveness. Taking this opportunity, HIMEX is willing to accept the additional investment of Hino to demonstrate the effectiveness of the sales and manufacturing combined synergy and to totally strengthen this Hino business in Mexico.

General Information

Campany Name HINO MOTORS MANUFACTURING MEXICO, S.A. DE C.V.
Location Guanajuato state of Mexico
President To be selected by HML
Establishment August, 2008
Capital US 9Million Dollars
Shareholders Hino 80%, Mitsui 20%
Site Area 96,000m2(Building Site3,600m2)
Product Model HINO500 series
Plant Capacity 1,200-unit per year
Production start July, 2009
Employees Approx.40
Business Purpose Assembling Hino trucks

Company Name HINO MOTORS SALES MEXICO, S.A. DE C.V.
Location Mexico City, Mexico
President Mr. Hiroshi Hara
Establishment January, 2007
Additional Investment August, 2008
Capital US 7.7Million Dollars(Before:US 5Million Dollars)
Capital Rates Mitsui 65%, Hino 35%(Before:Mitsui 100%)
Employees Approx.40(as of the end of 2008)
Business Purpose Sales of Hino truck and its spare parts

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.
Corporate Communications Division
Telephone: +81-3-3285-7562
Facsimile: +81-3-3285-9819