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Mitsui to sell off QIWI PLC shares in Secondary Public Offering

Oct. 1, 2013


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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Masami Iijima) has agreed to sell a further portion of its shareholdings in QIWI PLC ("QIWI") in a secondary public offering ("SPO"). QIWI is a leading provider of next generation payment services in Russia and the CIS, and American Depositary Share ("ADS") representing Class B shares of QIWI have been trading on the NASDAQ since May, 2013.

1. Number of shares to be sold by Mitsui

ADSs representing Class B shares of QIWI: 3,500,000 shares (assuming no exercising of overallotment option)

Remarks 1: If overallotment option is exercised, number of shares to be sold by Mitsui will be up to 4,025,000.
Remarks 2: Credit Suisse Securities (USA) LLC was appointed as the sole book-running manager for the SPO and as representative of the various underwriters.
Remarks 3: Mitsui holds Class A shares which confer 10 votes per share upon the holder. For the purposes of the SPO, each Class A share to be sold in the offering will be converted into a Class B share conferring 1 vote upon its holder. The ADSs will be issued in respect of such Class B shares.

2. Offering Price

USD 30.50 per Class B Share (ADS)

3. Number of shares, voting power, and shareholding ratio before/after SPO

Before SPO 5,740,403 of Class A shares (Voting: 14.4%, Shareholding: 11.0%)
After SPO 2,240,403 of Class A shares (Voting: 6.9%, Shareholding: 4.3%, assuming no exercising of overallotment option)

4. Others

This transaction is in line with Mitsui's direction to accelerate strategic asset divestiture.
The Russian Federation is a region of strategic focus for Mitsui, and Mitsui will continue its business activities in the country.

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
Telephone: +81-3-3285-7566
Facsimile: +81-3-3285-9819