May 18, 2010
This document is an English translationof a statement written initially in Japanese.
The Japanese original should be consideredas the primary version.

ITOCHU Corporation(Code No. 8001, Tokyo Stock Exchange, 1st Section)
Representative Director and President: Masahiro Okafuji
Contact: Tomoyuki Takada
General Manager, Corporate Communication Division(TEL. +81-3-3497-7291)
Amendments to the Articles of Incorporation

ITOCHU Corporation (the “Company”) has announced that the Company has resolved, at its Board of Directors’
meeting held on May 18, 2010, to submit a proposal to amend the Articles of Incorporation to the ordinary general
meeting of shareholders for the fiscal year ended March 31, 2010, scheduled to be held on June 25, 2010 as
described below.

1. Reasons for the Amendments
The Company reformed the corporate officers system as of April 1, 2010 to centralize their authority to theexecution of duty within the Company as executive officers and to realign the responsibility and title of corporateofficers. Accordingly, the Company proposes to amend Article 21 (Representative Directors and Responsible
Directors) and Article 25 (Executive Officers and Responsible Executive Officers) of the current Articles ofIncorporation.

2. Contents of the Amendments
Please refer to the attachment.

3. Schedule
Date of general meeting of shareholders for amendments to the Articles of Incorporation: June 25, 2010
Effectuation date of Articles of Incorporation changes:

June 25, 2010

＜Attachment＞(Underlined parts are to be amended.)
Proposed Amendments

Current Articles of Incorporation

Article21.

(Representative

Directorsand Article

Responsible Directors)
The

21.

(Representative

DirectorsandResponsible Directors)

Representative

Director

shallbeThe

Representative

Director

shallbeappointed by resolution of the Board ofappointed by resolution of the Board ofDirectors.

Directors.

②The Board of Directors may appoint, by its ②The Board of Directors may appoint, by its
resolution, a Chairman of the Board, aresolution, a Chairman of the Board, a limited

limited number of Vice Chairmen of thenumber of Vice Chairmen of the Board, and aBoard, a President & Chief Executive Officer

President & Chief Executive Officer.

andalimited

numberof

Executive

Vice-Presidents, Senior Managing Directors(Senmu) and Managing Directors (Jomu),respectively.
Article 22. to Article 24. (Omitted)

Article 22. to Article 24. (Unchanged)

Article 25. (Executive Officers and Responsible Article 25. (Executive Officers and Responsible
Executive Officers)
Executive

Executive Officers)

Officersmaybeelectedby ExecutiveOfficers

maybeelectedbyresolution of the Board of Directors. The resolution of the Board of Directors. The
matters relating to the Executive Officers,

matters relating to the Executive Officers,including election, retirement, status, duties including election, retirement, status, duties
thereof, shall be governed by the Regulations

thereof, shall be governed by the RegulationsofoftheExecutiveOfficers

whichareprescribed by the Board of Directors.

theExecutiveOfficers

whichareprescribed by the Board of Directors.

② The Board of Directors may appoint, by ② The Board of Directors may appoint, byresolution,aVice-Presidents
SeniorlimitedandManaging

numberofresolution, a President & Chief Executive

Executive

Officers,Officer, a limited number of Executive Vice

Executive

Officers,

Presidents,

SeniorManaging

Executive

Managing Executive Officers and such otherOfficers, Managing Executive Officers andresponsible Executive Officers as the Board

such other responsible Executive Officers asof Directors shall prescribe.

the Board of Directors shall prescribe.

Article 26. to Article 35. (Omitted)

Article 26. to Article 35. (Unchanged)