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Mitsui's subsidiary to sell its Building

Feb. 28, 2017


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Mitsui & Co., Ltd. ("Mitsui", Head office: Chiyoda-ku,Tokyo, President and CEO: Tatsuo Yasunaga) announced its wholly owned subsidiary, Mitsui & Co. Real Estate Ltd.("Mitsui Real Estate") has agreed to sell the quasi-co-ownership 5% of trust beneficially right in trust of Shiodome Building to Japan Real Estate Investment Corporation ("JRE"). The handover of the right will be scheduled to take place on March 30th 2017. After the handover, the quasi-co-ownership of trust beneficially right in trust of Shiodome Building by Mitsui Real Estate will shift from 10% to 5%.
As a result of the sale, the gain on sales of fixed assets is included in Mitsui's latest forecast which we announced on February 8th 2017.

1. Property Overview

Name of property Shiodome Building
Type of asset to be transferred Trust beneficiary right in trust of real estate
(quasi-co-ownership 5%)
Location 2-20, Kaigan 1-chome, Minato-ku, Tokyo (address)
Lot area 12,054.22 m2 (official register)
Size and structure SRC, 2 basement levels, 24 above-ground floors
Total floor area 115,930.83 m2 (official register)
Completion date December, 2007 (9 years old)
Sales value 10.45 billion yen

2. Profile of Mitsui & Co. Real Estate Ltd.

Company name Mitsui & Co. Real Estate Ltd.
Headquarters 13-1, Nishi-shinbashi 1-chome, Minato-ku, Tokyo
Establishment November, 2000
Representative President & CEO Shunsuke Furuya
Capital 3 billion yen (as of January, 2017)
Business activities Real-estate buying and selling, leasing, management, brokerage, etc.
Total assets (Non-consolidated) 79.8 billion yen (as of March, 2016)
Number of employees 52 (as of July, 2016)
Shareholder Mitsui 100%

3. Profile of Japan Real Estate Investment Corporation

Company name Japan Real Estate Investment Corporation
Headquarters 3-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo
Establishment May, 2001
Representative Executive Director Hiroshi Nakajima
Unitholders' capital 458 billion yen (as of September, 2016)
Net assets 469 billion yen (as of September, 2016)
Total assets 883 billion yen (as of September, 2016)
Subject of investment Office building
Major unitholders and
unit-ratio
Japan Trustee Services Bank, Ltd. 18.13%
The Master Trust Bank of Japan, Ltd. 9.86%
Other unitholders 72.01%
Relationship to Mitsui Capital
relationship
Mitsui has some units.
(Unit-ratio 0.24%; as of September, 2016)
Personal
relationship
N/A
Business
relationship
JRE and Mitsui Real Estate are quasi-co-owner of Shiodome building.
JRE is investment corporation dedicated to office buildings, and Mitsui has a 10% interest in Japan Real Estate Asset Management Co., Ltd. which carries out asset management on behalf of JRE.

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: +81-3-3285-6645
Facsimile: +81-3-3285-9819