Mitsui to sell its entire shares in Shanghai Senmao International Real Estate Co., Ltd.

LONDON--()--

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

September 30, 2014

For Immediate Release

To Whom It May Concern

Mitsui & Co., Ltd.

Mitsui to sell its entire shares in Shanghai Senmao International Real Estate Co., Ltd.

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Masami Iijima) has reached an agreement with Mori Building Co., Ltd. ("Mori", Head Office: Tokyo, President: Shingo Tsuji) to sell its entire shares in its associated company, Shanghai Senmao International Real Estate Co., Ltd. ("Shanghai Senmao").

Mitsui will sell its shares for a 15% stake in Shanghai Senmao to Mori. Subject to the approval of Chinese authority on the transfer of its share, this transfer is scheduled to be executed around December 2014.

1. Outline of Shanghai Senmao

Corporate Name   Shanghai Senmao International Real Estate Co., Ltd.
Address 1000 Lujiazui Ring Road. Pudong New Area, Shanghai
Year of Establishment 1994
Representative Hiroo Mori, CEO
Amount of Capital

¥7.0 Billion

Major Shareholders Mori Building Co., Ltd. 65%

Mitsui & Co., Ltd 15%

Others 20%

Main Business Owner and Operator of Hang Seng Bank Tower

2. Outline of Mori

Corporate Name   Mori Building Co., Ltd.
Address Roppongi, Minato-ku, Tokyo
Year of Establishment 1959
Representative Shingo Tsuji, President and CEO
No. of Employee 1,296(as of April, 2014)
Amount of Capital

¥67.0 Billion

Main Business Urban Development

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/2014/1203345_5699.html)

Category Code: MSC
Sequence Number: 434895
Time of Receipt (offset from UTC): 20140930T074518+0100

Contacts

Mitsui & Co Ltd

Contacts

Mitsui & Co Ltd