REG-Mitsui & Co Ltd Notification of Stock Repurchase and Cancellation of Treasury Stock

Mitsui & CoAnnouncement

03/08/2021 08:40

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Notification of Stock Repurchase and Cancellation of Treasury Stock

(Stock Repurchase in accordance with the paragraph 2 of Article 165 of the
Companies Act of Japan and cancellation of a part of treasury stock in
accordance with the Article 178 of the Act)

 

This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note
Programme.

August 3, 2021

For Immediate Release

To whom it may concern

Mitsui & Co., Ltd.

At the meeting of the Board of Directors held on August 3, 2021, 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 Companies Act of Japan and to cancel a part of its treasury stock in
accordance with Article 178 of the said Act. Details of the repurchase and
cancellation are as follows:

1. Purpose of stock repurchase: To enhance shareholder return and to improve
capital efficiency.

2. Details of repurchase:

(1) Class of share: Common stock of Mitsui

(2) Total number of shares of common stock to be repurchased: Up to 30,000,000
shares (1.8% of the total number of shares of common stock outstanding
excluding treasury stock)

(3) Total amount: Up to 50,000,000,000 yen

(4) Period: From August 4, 2021 to October 29, 2021

(5) Repurchase method: Auction market on Tokyo Stock Exchange

3. Details of cancellation:

(1) Class of share: Common stock of Mitsui

(2) Total number of shares of treasury stock to be cancelled: 45,000,000
shares (2.7% of the total number of shares outstanding)

(3) Scheduled date of cancellation: August 16, 2021

 Reference 

Status of treasury stock as of June 30, 2021

Number of outstanding shares excluding treasury stock: 1,641,428,431

Number of shares of treasury stock: 45,676,377

(Note) The number of shares of treasury stock above does not include 3,896,000
shares held by the ESOP trust.

For further information, please contact:

Mitsui & Co., Ltd.

Investor Relations Division Tel: +81-3-3285-7657

Corporate Communications Division Tel: +81-80-5912-0321

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.



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