Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Masami Iijima) announced the commencement of commercial operations of its Steel Service Center, MAG Aliança Automóveis do Brasil SSC S.A.("MAG"), for processing and supplying steel products mainly to the automotive industry. The company is jointly established with ArcelorMittal Gonvarri Brasil S.A.("AMG" ), through Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA") and is located within Nissan Brazil's Supplier Park in Resende, Rio de Janeiro, Brazil, where Nissan has been producing vehicles since February, 2014. MAG's annual processing capacity is 160,000 tons.

Brazil has firmly established itself as one of the major global automotive manufacturing countries and has a 60% share of the South American market. Domestic vehicle sales in Brazil are expected to reach 5 million in 2017, making it the world's 3rd largest market. The Brazilian government actively promotes the development of the domestic automotive industry, and as a result the nation's automotive steel processing demand is expected to grow in the mid to long-term.

AMG is a joint venture between ArcelorMittal, the world's leading steel company, and Gonvarri Steel Industries ("Gonvarri"), which has 30 steel service centers in 15 countries. AMG operates two steel service centers in Brazil and possesses a great wealth of experience in the Brazilian market.

Mitsui also has a substantial track record and abundant expertise in the operation of steel service centers globally, and it aims to create a value chain from steel processing to parts production in its joint partnership with AMG.

MAG Company Outline

Name of Compnay	MAG Aliança Automóveis do Brasil SSC S.A. ("MAG")
Location	Resende, Rio de Janeiro, Brazil
Established	July 1, 2014
Representative	Shinichi Furuya
Number of employees	Approx. 30
Equity	BRL 106.9 million
Shareholders	Mitsui USA 50% AMG 50%
Business Description	Processing and sales of steel products mainly for automotive application
Production Capacity	Approx. 160,000 tons per year (Slitter, Blanking)

Ownership Scheme

Location

AMG Company Outline

Name of company	ArcelorMittal Gonvarri Brasil S.A.
Head Office	Araucaria, Parana, Brazil
Established	1997
Representative	José Antonio Orue CEO
Number of employees	Approx. 280
Business Description	Processing and Sales of steel products mainly for automotive application
Production Capacity	Approx. 600,000 tonnes per year

ArcelorMittal Company Outline

Name of company	ArcelorMittal
Head Office	Luxembourg
Established	1976
Representative	Lakshmi Mittal Chairman and CEO
Number of employees	Approx. 245,000
Sales (as of Dec 2012)	USD 84.2 billion
Business Description	Steel manufacturing

Gonvarri Company Outline

Name of company	Gonvarri Steel Industries
Head Office	Madrid, Spain
Established	1965
Representative	Jon Riberas President & CEO
Business Description	Processing and Sales of steel products

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