At the meeting of the Board of Directors held on November 1, 2022, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Kenichi Hori) resolved to repurchase its stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to paragraph 3 of Article 165 of the said act. Mitsui hereby announces that it has determined the specific method of repurchase as follows:

1. Method of repurchase

Mitsui will place a buy-order to repurchase its shares at 8:45 a.m. on November 2, 2022 through brokerage on the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3). The price for the shares in the buy-order shall be 3,479, which is the closing price on November 1, 2022. (No other changes to the trading system or time will be made.) The aforementioned buy-order will only be effective for the time mentioned above.

2. Details of repurchase

(Note 1) The maximum number of shares to be repurchased will not change. Depending on factors including market conditions, however, there is a possibility that Mitsui will not make any repurchase or will only make a partial repurchase.
(Note 2) The repurchase will be conducted by matching sell orders equivalent to buy orders according to the allocation method prescribed by the Tokyo Stock Exchange.

3. Others

After the completion of the above-mentioned repurchase, Mitsui intends to continue the repurchase of its own shares through auction market on Tokyo Stock Exchange based on a discretionary trading agreement up to either the total number of shares to be repurchased or the total amount to be repurchased as resolved at the meeting of the Board of Directors held on November 1, 2022.

[Reference]

Details of stock repurchase resolved at the meeting of the Board of Directors held on November 1,2022.