NIPPON STEEL & SUMIKIN BUSSAN CORPORATION

Mitsubishi & Co. agreed to transfer part of its iron and steel products business to NIPPON STEEL & SUMIKIN BUSSAN CORPORATION (NSSB) and acquire additional shares in NSSB to strengthen their capital relationship, making NSSB an equity-method associate.

Mitsubishi & Co. and NIPPON STEEL & SUMIKIN BUSSAN CORPORATION (NSSB) signed a memorandum of understanding to transfer part of Mitsubishi's iron and steel products business to NSSB by April 2018, and for Mitsubishi to acquire additional shares in NSSB.