Mitsui & Co., Ltd. ("Mitsui") announced today that it has signed an agreement with Vedanta Resources plc, a FTSE 100 company, listed in London Stock Exchange headquartered in the UK, a diversified and integrated metals and mining group whose principal operations are located in India, Australia and Zambia to sell 100% of its issued shares of Finsider International Company Ltd (headquartered in the UK) for US$981 million in cash. Finsider International Company Ltd holds 51% of issued shares of an Indian iron ore mining company Sesa Goa Ltd (headquartered in Goa, listed in Indian National Stock Exchange and Bombay Stock Exchange). The after-tax proceeds from this transaction shall be approximately Yen 50 billion.

This transaction is in line with Mitsui's corporate strategy under the current Medium-term Management Outlook, in which Mitsui has been reviewing its portfolio to create shareholder value.

Iron ore business is one of Mitsui's core businesses and this status remains unchanged.