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Acquisition of Preferred Securities issued by an overseas special purpose subsidiary owned by Sumitomo Mitsui Financial Group, Inc.

Dec. 18, 2008


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Mitsui has acquired non-cumulative perpetual preferred securities ("Preferred Securities") newly issued by SMFG Preferred Capital JPY 2 Limited, an overseas special purpose subsidiary wholly-owned by Sumitomo Mitsui Financial Group, Inc. ("SMFG"), on December 18, 2008 in the following manner:

Issuer SMFG Preferred Capital JPY 2 Limited
Type of Security Japanese yen denominated Non-Cumulative Perpetual Preferred Securities
Total Issue Amount JPY 538.2 billion
No. of securities acquired 100 units of Series D preferred securities
Acquisition amount JPY 10 billion

Mitsui considers Sumitomo Mitsui Banking Corporation ("SMBC"), a consolidated subsidiary of Sumitomo Mitsui Financial Group, Inc., to be one of the most important banks with a long term historical business relationship. Mitsui believes this acquisition will contribute to enhance financial ground of both SMFG and SMBC, enabling Mitsui to strengthen the relationship with them.

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