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Loan Agreement and Strategic Alliance with Codelco (Chile)

Aug. 23, 2012


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Mitsui & Co., Ltd. (“Mitsui”) hereby announces that Corporación Nacional del Cobre de Chile (“Codelco”) and Mitsui have sealed a strategic alliance, and that it has entered into an agreement with Codelco to provide a loan for the acquisition of Anglo American Sur S.A. (“Anglo Sur”, a subsidiary of Anglo American plc.) shares, as well as an agreement to jointly hold 29.5% of the Anglo Sur shares.

As to the copper offtake agreement and the contents of the strategic alliance and the significance of this transaction, please refer to the attached news release made by Mitsui and Codelco.

1. Loan Agreement

Mitsui or a subsidiary of Mitsui will extend a three months bridge loan to Codelco or its subsidiary in an amount of US$1.9 billion which includes funding costs and other expenses of the funding. At the maturity of this short-term bridge loan, Mitsui may elect to propose, and Codelco may determine whether or not to accept, a new loan agreement under which a part of the short-term bridge loan shall be repaid by the 15.25% share of Inversiones Mineras Acrux SpA (“Acrux”), a joint venture company between Mitsui and Codelco, and remaining US$0.9 billion will be converted to a 20 years term loan. In case this proposal is not accepted by Codelco, the short-term bridge loan will automatically be converted into a 7.5 years term loan.

2. Joint Ownership of Shares

Mitsui and Codelco have agreed to jointly own, through Acrux, 29.5% of Anglo Sur shares. Mitsui will invest US$1.1 billion through a third party allocation of newly issued shares, and will own 17% of the Acrux shares.

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.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9821
infoTKADZ@mitsui.com
Mitsui & Co., Ltd.
Corporate Communications Division
Noriko Okamoto
Telephone: +81-3-3285-6645
Facsimile: +81-3-3285-9819