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Mitsui & Co Ltd: New Loan Agreement with Codelco and Additional Acquisition of Acrux Shares



  Mitsui & Co Ltd: New Loan Agreement with Codelco and Additional Acquisition
  of Acrux Shares

UK Regulatory Announcement

LONDON

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

  New Loan Agreement with Codelco and Additional Acquisition of Acrux Shares

Mitsui & Co., Ltd. (“Mitsui”) hereby announces that, pursuant to the
short-term bridge loan agreement signed in August 2012, Mitsui has entered
into a new loan agreement with Corporación Nacional del Cobre de Chile
(“Codelco”) that replaces the existing short-term bridge loan extended to
Codelco’s subsidiary and that it has acquired an additional 15.25% share of
Inversiones Mineras Acrux SpA (“Acrux”), a joint venture company between
Mitsui and Codelco that owns 29.5% share of Anglo American Sur S.A. (“Anglo
Sur”).

The New Loan Agreement

On August 23, 2012, Mitsui, through its subsidiary, extended a US$1.9 billion
short-term bridge loan to Codelco’s subsidiary for the acquisition of 24.5%
share of Anglo Sur. Pursuant to this short-term bridge loan agreement, Mitsui
and Codelco entered into a new loan agreement to repay a part of the
short-term bridge loan by the 15.25% share of Acrux and to convert the
remaining US$0.9 billion to a 20-year term loan. These events are scheduled to
take place on November 26, 2012 (Japan time).

Additional Acquisition of Acrux Shares

Pursuant to the new loan agreement, Mitsui will acquire an additional 15.25%
share of Acrux on November 26, 2012. Consequently, Mitsui’s cumulative
shareholding of Acrux will reach 32.20%.

Through these series of transactions, Mitsui hopes to further strengthen its
close business relationship with Codelco.

Mitsui is currently reviewing the impact of the transactions on its
consolidated financial results of the fiscal year ending March 2013.

For further information, please contact:    
Mitsui & Co., Ltd.
Investor Relations Division                  Tel: +81-3-3285-7910
Corporate Communications Division            Tel: +81-3-3285-7562
                                              

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 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, 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
homepage.(http://www.mitsui.com/jp/en/release/2012/1199236_3607.html)

Contact:

Mitsui & Co Ltd
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