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Setting up a credit line to Multigrain AG, a wholly owned subsidiary

May 7, 2012


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Mitsui & Co., Ltd. ("Mitsui," head office: Tokyo, President and CEO: Masami Iijima) decided to set up a credit line of up to US$ 500 million to Multigrain AG ("MAG"), a wholly owned subsidiary of Mitsui. MAG currently secures funding for its working capital from financial institutions without credit support by Mitsui. A part of these debts will be repaid by proceeds of new borrowings with this credit line.

In March 2012, the Brazilian Federal Government amended the taxation rule which will be applied to foreign exchange transactions. After thorough examination of economical effects this amendment would have on MAG's funding, Mitsui decided that MAG should primarily utilize this credit line from Mitsui.

MAG became Mitsui's wholly owned subsidiary in May 2011. Mitsui has been engaged in agricultural production and the distribution of grain in Brazil through MAG. The global demand for grain is expected to increase as world population grows and as the economy in the emerging countries continue to develop. Viewing MAG as a major subsidiary in its grain business, Mitsui strives to stabilize business operations of MAG and to secure a consistent supply of grain from Brazil to Asian and other markets.

Outline of MAG

Company name Multigrain AG
Head office location Switzerland
Representative Nobuhiko Tomishima, Chief Executive Officer
Business activities Production, origination, processing, export and marketing of agricultural products, mainly soybeans, in Brazil.
Capital CHF 145 million (as of December 31, 2011)
Year of establishment 2006
Shareholders' equity US$ 321 million (as of December 31, 2011)
Total assets US$ 1,233 million (as of December 31, 2011)
Shareholder Mitsui holds 100% of shares excluding treasury stock of MAG.

Notice:
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement 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.
Corporate Communications Division
Kayo Kobayashi
Telephone: +81-3-3285-7618
Facsimile: +81-3-3285-9819
Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9821
infoTKADZ@mitsui.com