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New Loan Agreement with Codelco and Additional Acquisition of Acrux Shares

Nov. 2, 2012


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Mitsui & Co., Ltd. ("Mitsui") hereby announces that, pursuant to the short-term bridge loan agreement signed in August 2012, Mitsui has entered into a new loan agreement with Corporación Nacional del Cobre de Chile ("Codelco") that replaces the existing short-term bridge loan extended to Codelco's subsidiary and that it has acquired an additional 15.25% share of Inversiones Mineras Acrux SpA ("Acrux"), a joint venture company between Mitsui and Codelco that owns 29.5% share of Anglo American Sur S.A. ("Anglo Sur").

The New Loan Agreement

On August 23, 2012, Mitsui, through its subsidiary, extended a US$1.9 billion short-term bridge loan to Codelco's subsidiary for the acquisition of 24.5% share of Anglo Sur. Pursuant to this short-term bridge loan agreement, Mitsui and Codelco entered into a new loan agreement to repay a part of the short-term bridge loan by the 15.25% share of Acrux and to convert the remaining US$0.9 billion to a 20-year term loan. These events are scheduled to take place on November 26, 2012 (Japan time).

Additional Acquisition of Acrux Shares

Pursuant to the new loan agreement, Mitsui will acquire an additional 15.25% share of Acrux on November 26, 2012. Consequently, Mitsui's cumulative shareholding of Acrux will reach 32.20%.

Through these series of transactions, Mitsui hopes to further strengthen its close business relationship with Codelco.

Mitsui is currently reviewing the impact of the transactions on its consolidated financial results of the fiscal year ending March 2013.

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 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, 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