Mitsui & Co Ltd: Miscellaneous

  Mitsui & Co Ltd: Miscellaneous

UK Regulatory Announcement


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

To Whom It May Concern

   Final Investment Decision Announced on LNG Export Project in the U.S.A.

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Masami
Iijima) announced that its wholly owned U.S. subsidiary Mitsui & Co. Cameron
LNG Investment, Inc. (“MITCLI”), together with project partners, made a final
investment decision on the natural gas liquefaction business at the site of
the Cameron LNG receipt terminal (“Business”) in Louisiana, U.S.A. on August
6, 2014 (US Eastern Time). The project entity, Cameron LNG, LLC (“Cameron
LNG”), have also announced today that it has signed project financing
agreements for the Business amounting to US$7.4 billion with the Japan Bank
for International Cooperation (“JBIC”) and commercial banks, where insurance
by Nippon Export and Investment Insurance (“NEXI”) is arranged for part of the
loan by the commercial banks.

Mitsui is engaging in the project in two different aspects: 1) construction
and operation of liquefaction facilities (“Natural Gas Liquefaction
Business”), and 2) sourcing of feed gas from the North American gas market and
marketing of produced LNG (“LNG Marketing Business”).

Natural Gas Liquefaction Business:

The Business is to develop and operate liquefaction facilities with an export
capability of 12 million tonnes per annum (MTPA) (4 MTPA x 3 trains) at the
site of the Cameron LNG receipt terminal owned and operated by Cameron LNG,
which is a wholly owned subsidiary of Sempra Energy (“Sempra”). Based on the
joint venture agreement executed in May 2013, Mitsui, through MITCLI, will
acquire a 16.6% equity interest in Cameron LNG Holdings LLC, Cameron LNG’s
holding company in 2014, after satisfaction of all conditions. Other equity
holders will be Sempra, GDF Suez S.A., and a joint venture between Mitsubishi
Corporation and Nippon Yusen Kabushiki Kaisha.

Cameron LNG awarded the contract for engineering, procurement, and
construction of the natural gas liquefaction facilities in March 2014.
Commercial operation of the facilities is targeted to start in 2018, and the
total development cost is estimated at approximately US$10 billion. Based on
the project financing agreements, JBIC will provide a loan totaling up to
US$2.5 billion, and commercial banks will contribute the remaining amount, up
to US$4.9 billion. Of the loan from commercial banks, NEXI will provide loan
insurance on US$2 billion. Mitsui and the partners are respectively providing
completion guarantees to JBIC and the commercial banks for the completion of
construction of the natural gas liquefaction facilities.

LNG Marketing Business:

As a result of the natural gas tolling liquefaction agreement executed in May,
2013 between Mitsui wholly owned U.S. subsidiary and Cameron LNG, Mitsui has
secured 4 MTPA of LNG tolling capacity for 20 years. Mitsui, through its
wholly owned subsidiary, will procure natural gas from the North American
market, supply it to Cameron LNG and sell LNG produced by Cameron LNG to Japan
and other markets. Mitsui has signed pipeline transportation agreements for
the transportation of natural gas to the Cameron LNG terminal and has also
concluded sales and purchase agreements for the supply of LNG to customers. In
addition, Mitsui is in discussion to secure LNG shipping capacity for the
delivery of LNG.

To meet the expected increasing global demand for natural gas and LNG, Mitsui
will combine the expertise it possesses within its various business segments
and exert its unique comprehensive business engineering capabilities in
expanding its activities throughout the natural gas and LNG value chain from
upstream production to midstream and downstream distribution in this growing
market. Mitsui will continue to engage in the project to realize stable LNG
production, and commit to contributing to the stable energy supply to the
global market, including Japan.

                                      For further information, please contact:

                                                            Mitsui & Co., Ltd.

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

Corporate Communications Division Tel: +81-3-3285-7540


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.


Mitsui & Co Ltd
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