Mitsui & Co. (Australia) Ltd. ("Mitsui Australia") today announced the appointment of Mr. Noboru Katsu to the position of Chairman & CEO of Mitsui Australia.

Mr. Katsu will replace the current Chairman & CEO, Mr. Yukio Takebe, who has been promoted to Senior Executive Managing Officer based in Mitsui & Co. headquarters in Tokyo. The changes are effective from April 01, 2018.

Mr. Katsu will join the Australian business bringing more than 36 years' experience at Mitsui, mostly in Mitsui's iron and steel products businesses in Japan, and in overseas postings to Norway, Thailand and the United Kingdom.

His most recent appointment was as Chief Operating Officer of the Iron & Steel Products Business Unit in Tokyo where he oversaw Mitsui's €416 million Euro investment in Gestamp Automoción S.A, a Spanish global leader specialised in the design, development and manufacture of highly engineered metal components for the automotive industry.

In his new role Mr. Katsu will take the helm of Mitsui & Co. (Australia) Ltd. with responsibility for overseeing Mitsui's diverse portfolio of businesses in Australia and the continued growth and diversification of the business.

Notes to editors:
Mitsui & Co. is one of the world's most diversified trading, investment and services enterprises. The Mitsui group manages a diverse portfolio of businesses including iron ore, coal, gas, oil, food, grain, salt, woodchips, power generation, machinery, steel products, and chemicals in Australia. On an equity basis, Mitsui and its group companies account for an estimated $8 billion worth of Australian goods and commodities exports per annum. Mitsui is also a major investor in Australia, and collectively its group companies have invested more than $15 billion in the country over the last decade.

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.
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