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Additional Investment in Brazilian Agricultural Business, Multigrain AG

Oct. 7, 2008


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Mitsui & Co., Ltd. ("Mitsui") and CHS Inc. ("CHS", head office: USA; listed on NASDAQ), a major energy, grains and foods company in the United States, have agreed to participate in an additional investment of US$200 million in Multigrain AG ("Multigrain", head office: Switzerland) in response to capital needs resulting from an expansion of Multigrain's operations in Brazil.

Mitsui's additional investment is US$123.75 million, with total investment of US$210 million. Multigrain will allocate this recent increased capital to expand its business including acquisition of farmland for increasing the production of soybeans, corn and cotton. With this additional investment, Mitsui aims to secure stable supply of food resources through improving Multigrain's production efficiency, and Mitsui's share of ownership in Multigrain rises to 39.35%, making it one of the two largest shareholders of Multigrain on par with CHS.

Mitsui continues to support the growth of Multigrain with a coherent management system from production through processing and exports in Brazil, thereby responding to the global demand for food, and contributing to ensuring food safety and security.

Shareholdings of Multigrain AG after additional investment

Mitsui 39.35%
CHS group 39.35%
PMG group (*) 21.30%

* PMG group owns PMG Trading S.A. in Brazil.

Multigrain AG

Established 2006
Head office location Zug, Switzerland
Business Owns the 100% subsidiary Multigrain S.A. as its operating company in Brazil, engaged in the origination and export of soybeans, marketing and export of cotton and sugar, import of wheat, flour production, domestic sales of fertilizers, etc. in Brazil. Through its 100% subsidiary Xingu AG, also owns Agricola Xingu S.A., involved in growing soybeans, corn, and cotton, and in cotton ginning (producing ginned cotton from raw), etc. in Brazil.

CHS Inc.

Established 1998
Head office location Minnesota, USA
Business A major energy, grains and foods company and listed on NASDAQ. Operations include grain origination and export, and oil refining and sales.
Outline of results 2007 Revenues $17.2 billion, Earnings $750 million. Operates Ventura Foods, LLC in 50:50 partnership with Wilsey Foods Inc. (Mitsui's subsidiary) and United Harvest, LLC in 50:50 partnership with United Grain Corp. (Mitsui's subsidiary).

PMG Trading S.A.

Established 1999
Head office location Sao Paolo, Sao Paolo State, Brazil
Business PMG transferred control of its soybean, wheat and milling businesses to Multigrain in 2006.

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: +81-3-3285-7566
Facsimile: +81-3-3285-9819