Mitsui & Co Ltd: Mitsui to Take a 30% Equity Participation in the North and South American Operations of Leading Global

  Mitsui & Co Ltd: Mitsui to Take a 30% Equity Participation in the North and
  South American Operations of Leading Global Automotive Components Supplier,
  Gestamp Automoción

UK Regulatory Announcement


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

Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Masami
Iijima) has agreed with Gestamp Automoción, S.L. (“GA”, Head Office: Madrid,
President and CEO: Francisco Riberas), one of the world’s largest
manufacturers of automotive components, to acquire up to 30% stake in
controlling companies of GA’s North and South American operations (“GA’s
Americas Companies”) and entered into definitive agreements on January 4^th,

GA’s Americas Companies currently have a total of 15 plants in USA, Mexico,
Brazil and Argentina. Subject to regulatory approval by relevant authorities,
Mitsui will initially acquire newly issued shares of GA’s Americas Companies
through a third party allocation of newly issued shares for a 15% stake and
also provide convertible loans, for a total amount of investments and loans of
approximately €300 million (Approx. JPY 33.0 billion^*)). After the
conversion, Mitsui will ultimately be holding up to 30% shares of GA’s
Americas Companies.

GA manufactures automotive components including body-in-white, chassis and
mechanisms for automotive manufacturers primarily in Europe and the Americas.
GA has grown along with automotive manufacturers’ global business expansion,
and with 98 production plants (including plants under construction), recently
GA has become one of the world’s largest global automotive parts manufacturers
in terms of sales. Furthermore, GA has been contributing to automotive
manufacture’s efforts for fuel efficiency and safety performance through its
world top-class expertise, including hot stamping technology, expected to be
adopted by a wide range of automotive manufacturers in Europe and USA.

Global automotive industry is recovering from the impact of the Lehman Shock:
with major automotive manufacturers’s large scale investments, the automotive
market in four countries in the Americas that GA’s Americas Companies run
businesses (USA, Mexico, Brazil, and Argentina) are envisaged to grow in the
medium to long term, with total number of automotive production expected to
increase to over 20 million in 2016 from 15 million in 2011, with a compound
annual growth rate of approximately 6%.

Mitsui has been enhancing the automotive industry value chain from supply of
materials to sale of vehicles. Mitsui will contribute to expand the sales and
further growth of enterprise value of GA’s Americas Controlling Companies by
supporting GA’s diversification efforts with Asian automotive manufacturers
and  the combination of its steel supply network including Steel Technologies
Inc., logistics, financing and supply of new materials and will position this
joint venture as Mitsui’s core business in the automotive value chain, mainly
for its steel business.

Overview of the Joint Ventures

Business Location                 USA, Mexico, Brazil, and Argentina
Subscription Date of third party   June, 2013 (expected)
Headcount                          Approx. 6,100
Shareholdings                      Mitsui: 30%(*), GA: 70%
Business Overview                  Automotive components manufacturer in

(*) Ultimate shareholding ratio after the convertible loan is converted

Company Name       Gestamp Automoción, S.L.
Established in      1997
Headquarter         Madrid, Spain
Representative      Francisco José Riberas Mera, President and CEO
                    Automotive components manufacturer(98 plants globally in
Business Overview   Europe, Americas and Asia: manufacturing body in white,
                    chassis and mechanisms)
Sales               € 5,600 million (Approx. JPY 616.0 billion) (2012 Actual)
Total Assets        EUR 4,672 million (Approx. JPY 531.9 billion) (As of
                    December 2012)
Headcount           Approx. 27,000

For further information, please contact:

Mitsui & Co., Ltd.

Investor Relations Division Tel: +81-3-3285-7910

Corporate Communications Division Tel: +81-3-3285-6645


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

For diagrams omitted, please see our


Mitsui & Co Ltd
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