Main

Dissolution and liquidation of a subsidiary company

Oct. 13, 2010


Main Contents

Mitsui & Co., Ltd. ("Mitsui") announced its subsidiary, AFC HoldCo, LLC, resolved to dissolve the business and plans to complete the liquidation as follows.

1. Company profile

(1) Company name AFC HoldCo, LLC
(2) Address 1209 Orange Street, Wilmington, Delaware, U.S.A.
(3) Representative officer Masahiko Kurahashi, Chief Financial Officer
(4) Principal business Investment in auto finance companies
(5) Date of formation April 13, 2007
(6) Capital US$ 70,037 thousand
(7) Major shareholder Mitsui & Co. (U.S.A.), Inc. (A wholly owned subsidiary of Mitsui) 87.5%
(8) Fiscal year end March 31

2. Reason for the dissolution

As a result of the business performance review, we judged that its subsidiaries' auto finance business would be unprofitable under the current severe market conditions and determined to dissolve the company.

3. Schedule

October 12, 2010 Resolution of dissolution
Beginning of 2011 Completion of liquidation

4. Impact on Mitsui's consolidated financial statements

This dissolution will have minimal impact on Mitsui's consolidated financial statements for the year ending March 31, 2011.

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
Mikako Sachigai
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819