Mitsui & Co Ltd: Participation in power generation and power/gas retail business in Australia

  Mitsui & Co Ltd: Participation in power generation and power/gas retail
  business in Australia

UK Regulatory Announcement

LONDON

 Participation in power generation and power/gas retail business in Australia

                                                               October 8, 2013

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Masami
Iijima), has agreed with GDF SUEZ S.A. ("GDF SUEZ"), to invest in its
subsidiary International Power (Australia) Holdings Pty Ltd ("IPAH"), which
owns and operates the power generation business as well as the power and gas
retail business in Australia ("Project"). Mitsui will, by way of share
subscription through its subsidiary to be newly established, acquire a 28%
equity stake in IPAH.

The Project comprises 4 generation plants with capacity totaling 2,604MW, as
well as the power and gas retail business which has over 350,000 customers
(both residential and business) largely based in the states of Victoria and
South Australia. The power generation unit sells its output to Australia’s
National Electricity Market, including Simply Energy, the power retail unit of
IPAH. The Project represents the first example of participation by Mitsui in a
vertically integrated power business.

Mitsui and GDF SUEZ already collaborate in the Australian power generation
sector via IPM Eagle LLP, a joint venture established in 2004. As a result of
the Project, Mitsui now has an equity interest in all of the power business
operated by GDF SUEZ in Australia, with a total generation capacity of
3,748MW. This portfolio makes GDF SUEZ and  Mitsui the largest power producer
in Victoria and the fourth largest in Australia, by power production. The
companies intend to co-develop new power business in Australia through IPAH.
The Project also strengthens the global partnership between GDF SUEZ and
Mitsui, which covers power generation and LNG export businesses across 12
countries worldwide. It signals the ambition of both companies to develop
existing assets and expand their cooperation around the world.

Mitsui believes this investment will contribute to the stability and ongoing
diversification of power supply in Australia. In parallel, Mitsui will seek to
maximize the value of IPAH with its recognized strengths in financing, a large
local customer base and EPC experience in the Australian power sector. In
addition, Mitsui hopes to leverage IPAH’s experience operating in Australia’s
highly deregulated electricity market, by promoting electricity retail
business, energy efficiency and environmentally-conscious smart city
development in Japan and other countries.

Closing of the transaction is expected to occur during October 2013, upon
satisfaction of certain conditions, including obtaining approvals from
Australian regulatory authorities.

IPAH

Company      International Power (Australia) Holdings Pty Ltd
              Mitsui 28%
Ownership
              GDF SUEZ 72%
Head Quater   Melbourne, Australia
President     Alex Keisser (CEO)
Business      Power generation, power and gas retail services
Foundation    June, 2003

Project List

Name           Asset type                     Location (*1)  Capacity (*2)
Hazelwood       Coal mine and coal-fired        VIC             1,675MW
                power plant
Synergen        Gas/Light oil fired power       SA              396MW
                plant
Pelican Point   Combined-cycle gas fired        SA              487MW
                power plant
Canunda         Wind power plant                SA              46MW
Simply Energy   Power and gas retail            VIC (*3)        -
                                              Total           2,604MW

(*1) VIC: Victoria, SA: South Australia

(*2) Gross output

(*3) Head Quarter

GDF SUEZ

Company       GDF SUEZ S.A.
Head Quarter   Paris, France
President      Gerard Mestrallet (Chairman & CEO)
Business       Power, natural gas and energy services
Foundation     July 2008

Asset Location

Pelican Point Combined Cycle Gas-Fired Power Station

                                      For further information, please contact:

                                                            Mitsui & Co., Ltd.

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

                        Corporate Communications Division Tel: +81-3-3285-7596

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.

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

For diagrams omitted, please see our home page.
(http://www.mitsui.com/jp/en/release/2013/1201143_4686.html)

Contact:

Mitsui & Co Ltd