Releases | Notice of change of Subsidiary - MITSUI & CO., LTD.


Notice of change of Subsidiary

Oct. 1, 2008

Main Contents

Mitsui & Co., Ltd. ("Mitsui") announced today that TELEPARK Corporation ("Telepark") has merged with MS Communications Co., Ltd., and has renamed the T-Gaia Corporation ("T-Gaia").

Through this merger, the ratio of Mitsui's voting shares of T-Gaia decreases from 41.9% to 22.8%, and Mitsui became one of the three largest shareholders of T-Gaia, as well as Sumitomo Corporation and Mitsubishi Corporation. And the status of T-Gaia has changed from Mitsui's subsidiary to associated company.

The financial impact related to this merger on Mitsui's consolidated net income will be reflected in the result of the third quarter.

Outline of T-Gaia Corporation (As of October 1, 2008)

(1) Corporate name T-Gaia Corporation
(2) Address of head office 1-4-27, Koraku, Bunkyo-ku, Tokyo
(3) Capital ¥3,097 million
(4) Principal shareholders Mitsui & Co., Ltd. / Sumitomo Corporation / Mitsubishi Corporation
(5) Representative Shigenori Miyazaki, President & CEO
(6) Business · Sales of mobile phones and the related business
· Brokering of telecommunication services including "Myline" and broadband access
· Distribution of content over mobile phone networks, Account settlement business, other new businesses
(7) Number of employees 3,130 (As of August 31, 2008)
(8) Major Banks Sumitomo Mitsui Banking Corporation / The Chuo Mitsui Trust and Banking Company, Limited / Mizuho Corporate Bank, Ltd. / The Bank of Tokyo-Mitsubishi UFJ, Ltd.

This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui 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, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release 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.


For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9819
Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7566
Facsimile: +81-3-3285-9819