May 9, 2011

Mitsui & Co., Ltd. ("Mitsui," head office: Tokyo, President and CEO: Masami Iijima) has acquired additional shares in Multigrain AG ("MAG," head office: Switzerland), making MAG Mitsui's wholly owned subsidiary. MAG is involved in agricultural production, especially grain production, in Brazil, and in the distribution of grain, including origination, processing, transportation, export and marketing.

Mitsui acquired 44.2% of MAG shares (45.1% of voting rights) held by CHS Inc. ("CHS," head office: United States, listed on NASDAQ) through its subsidiary CHSIH SARL ("CHSIH," head office: Switzerland) for US$225 million (approximately ¥18.0 billion), and 9.7% of MAG shares (9.9% of voting rights) held by PMG Trading AG ("PMG," head office: Switzerland) for US$49 million (approximately ¥4.0 billion). These acquisitions brought Mitsui's shareholding in MAG to 98.1% (100% of voting rights), with the result that MAG has become Mitsui's wholly owned subsidiary. Mitsui's cumulative investment after these acquisitions amounts to US$508 million (approximately ¥47.0 billion).

The global demand for grain is expected to increase as world population grows and as the economy in the emerging countries continues to improve. Mitsui will strive to strengthen agricultural production and grain distribution business in Brazil, which has high potentiality of food supply, and to secure a stable supply of grain from Brazil to Asian and other markets, through MAG as a major subsidiary in Mitsui's grain business.

These acquisitions are not expected to have any significant impact on Mitsui's consolidated financial results of the fiscal year ending March 2012.

1. Changes in Mitsui's Shareholding in MAG

* MAG holds 1.9% of its treasury stock.

2. Summary of MAG

3. Summary of CHS, CHSIH and PMG

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