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Subscription to private placement of shares of JA MITSUI LEASING, LTD.

Sep. 18, 2009


Mitsui & Co., Ltd.
The Norinchukin Bank


Main Contents

Mitsui & Co., Ltd. (Mitsui) and The Norinchukin Bank (the Bank) hereby announce that Mitsui and the Bank decided to subscribe newly issued shares by third party allotment, which JA MITSUI LEASING, LTD. (JAML) resolved to issue at the board of directors. Conditions of this subscription, of which payment date is scheduled on October 29, 2009, are following.

1. Conditions of the subscription

Mitsui

Please scroll horizontally to look at table below.

Type of Securities Common stock Type II preferred Type III preferred
Number of Shares to be acquired 3,392,209 shares 16,724,291 shares 3,883,500 shares
Total Payment Amount 30 billion yen
Number of shares held before the acquisition (shares of voting rights) 7,308,000 shares
(33.60%)
0 shares 0 shares
Number of shares to be held after the acquisition (shares of voting rights) 10,700,209 shares
(33.00%)
16,724,291 shares 3,883,500 shares

The Bank

Please scroll horizontally to look at table below.

Type of Securities Common stock Type II preferred Type I preferred
Number of Shares to be acquired 7,275,709 shares 16,724,291 shares -
Total Payment Amount 30 billion yen -
Number of shares held before the acquisition (shares of voting rights) 1,957,375 shares
(9.00%)
0 shares 4,077,528 shares
Number of shares to be held after the acquisition (shares of voting rights) 9,233,084 shares
(28.48%)
16,724,291 shares 4,077,528 shares

Terms of the preferred stock

Please scroll horizontally to look at table below.

  new issued existing issued
Type II Type III Type I
Dividend Pari passu with common stock Pari passu with common stock Pari passu with common stock
Liquidation preference Prefer to common stock
Pari passu with Type III
Prefer to common stock
Pari passu with Type II
Prefer to common stock,
Type II and Type III
Voting right X X X
Call option given to the issuer O
(5 years after issued,
at the issuer's option)
X X

2. Outline of JAML

Company Name JA MITSUI LEASING, LTD.
Representative Takao Sunami, President & CEO
Mitsuru Hotta, Senior Vice President
Headquarters Tokyo, Japan
Amount of capital 2 billion yen
Major operations Leasing business of computer, other office equipment, communication equipment, vessels, aircraft, vehicles, other transportation equipment, machine tools, civil engineering and construction equipment, metal processing equipment, electric equipment, medical equipment and other machinery and equipment, parts facilities and building improvements related foregoing equipment.
Amount of Sales 483 billion yen (fiscal year ended March 2009)
End of Fiscal Year End of March
Number of common stocks outstanding 21,747,378 shares
Major shareholders Mitsui & Co., Ltd.
The Norinchukin Bank
ZEN-NOH Group
Sumitomo Mitsui Banking Corporation
The Chuo Mitsui Trust and Banking Company, Limited

Mitsui and the Bank believe that this subscription will help improvement of JAML's financial and business conditions, and will also contribute to strengthening Mitsui and the Bank's relationships with JAML.

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