August 12, 2022
For Immediate Release
To Whom It May Concern:
Mitsui & Co., Ltd.
Mitsui to divest equity shares in Australian coking coal business
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori), which currently holds 20%
stake in Stanmore SMC Pty Ltd (formerly BHP Mitsui Coal Pty Ltd, “SMC”) jointly with Mitsui & Co.
(Australia), Ltd. (“MAL”), today has decided to sell all of its shares in SMC held by Mitsui and MAL to an
Australian subsidiary of Stanmore Resources Limited (“Stanmore”), a coal mining company and 80%
shareholders of SMC, listed on the Australian Stock Exchange engaged in the coal business in Australia, for
USD 380 million, and has signed a share sale agreement (the “Transaction”).
SMC owns two mines that are currently in operation, producing coking coal for use in iron and steelproduction. While Mitsui has contributed to the reliable supply of resources through SMC since 1962, it has
decided to sell its shares to Stanmore as part of the restructuring of its business portfolio. Mitsui will continue
to work toward the realization of a sustainable society through a balanced approach that combines thereliable supply of coking coal, for which demand is expected to remain steady, with contribution to thedevelopment of a low-carbon society.
The Transaction is expected to be completed during the fiscal year ending March 2023, subject to thesatisfaction of conditions precedent which include obtaining relevant regulatory approvals.
While Mitsui will record a profit following the Transaction, it has not been reflected in Mitsui’s forecasts for thefiscal year ending March 2023 announced on May 2, 2022.
1. Profile of SMC
Address

Queensland, AustraliaBusiness activities

Production and sale of coking coal

Mitsui ’s share

20% (including indirect share through MAL)

2. Profile of Stanmore
Name

Stanmore Resources Limited

Business activities

Coal business in Australia

URL

https://stanmore.net.au/

For further information, please contact:
Mitsui & Co., Ltd.
Investor Relations Division Tel:

+81-3-3285-7657

Corporate Communications Division Tel:

+81-80-5912-0321

Notice:This announcement contains forward-looking statements. These forward-looking statements are basedon Mitsui's current assumptions, expectations and beliefs in light of the information currently possessedby it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties andother 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 orother securities issued by us.