REG-Mitsui & Co Ltd Partial Transfer of Mining-machinery Sales and Service Company in Mexico <Origin Href="QuoteRef">8031.T</Origin>

Mitsui & CoAnnouncement

05/01/2016 13:21

Partial Transfer of Mining-machinery Sales and       Service Company in Mexico
      This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note       Programme.    
      Mitsui & Co., Ltd. (Mitsui, Head Office: Tokyo, President & CEO:       Tatsuo Yasunaga) has agreed with Komatsu Ltd. ("Komatsu"; Head Office:       Tokyo; President: Tetsuji Ohashi) to transfer its 60% share of Road       Machinery Co., S.A. de C.V. ("Road Mexico"), which is Mitsuis wholly       owned subsidiary owned through its U.S. subsidiary, to Komatsus       subsidiary. Road Mexico is a mining machinery sales and service provider       company based in Mexico. The share transfer agreement was concluded       between the respective subsidiaries, and, subject to the approval of the       relevant authorities on the share transfer, this transfer is scheduled       to be executed around February 2016.    
      After completion of the transfer of the 60% share, Mitsui and Komatsu       are considering unifying Road Mexico and Komatsus wholly owned       subsidiary, Komatsu Maquinarias Mexico S.A. de C.V., which is Komatsus       Mexico-based distributor of construction machinery. As a result, a       diversified machinery distributor covering both mining and construction       machinery will be established in Mexico. Through the utilization of the       knowledge and expertise that Komatsu has accrued as a manufacturer,       Mitsui and Komatsu aim to achieve further growth of sales and service of       Komatsu mining and construction machinery in Mexico.    
Outline of Road Mexico (after Komatsu investment)    
          Name of Company        
          Road Machinery Co., S.A. de C.V.        
          Head Office        
          Mexico City, The United Mexican States        
          Established        
          1991 (Mitsui investment: 2005)        
          Shareholders        
          Komatsus subsidiary: 60.0%          
            Mitsuis subsidiary: 40.0%          
          Business Activities        
          Sales and maintenance services of Komatsu mining machinery        
For further information, please contact:
      Mitsui & Co., Ltd.    
      Investor Relations Division Tel: +81-3-3285-7910    
      Corporate Communications Division Tel: +81-3-3285-6645    
      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.    
      For diagrams omitted, please see our home page.    
      (http://www.mitsui.com/jp/en/release/2015/1215109_6474.html)    
View source version on businesswire.com: http://www.businesswire.com/news/home/20151214006489/en/
      Mitsui & Co Ltd