June 19, 2019
For Immediate Release
To Whom It May Concern
Mitsui & Co., Ltd.
Final Investment Decision for the Mozambique LNG Project
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga),
together with its business partners (see “Participating Interest Holders of Area 1 Block”
below), has made a final investment decision on an LNG project relating to Rovuma
Offshore Area 1 Block (“Area 1”) in the Republic of Mozambique. Mitsui holds a 20%
interest in Area 1 through Mitsui E&P Mozambique Area 1 Limited (“MEPMOZ”, Mitsui:50%), which is jointly owned by Mitsui and the Japan Oil, Gas and Metals NationalCorporation (“JOGMEC”).
In 2008, MEPMOZ acquired an interest in Area 1, which is located offshore to the north ofMozambique, and through subsequent exploration and assessment activities, discovered oneof the world’s biggest natural gas fields. In addition to the abundance of the reserves, anotheradvantage of Area 1 is its geographical location in terms of access to LNG markets, including
the Far East, Asia, Europe, and Latin America. The aim of this project is to contribute to thestable supply of LNG to meet global demand that is expected to continue growing.
With the development target of the Golfinho/Atum gas field, this project is an integrated
upstream-midstream project that encompasses all stages from natural gas production andliquefaction to LNG shipment. The plan is to produce 12 million tons of LNG per year,
starting in 2024. We plan to raise finance for the project from overseas public financial
institutions and Japanese financial institutions.
Mitsui’s business activities in the LNG industry began with participation in an LNG projectin Abu Dhabi in the 1970s. Since then we have participated in LNG projects in various partsof the world, including Australia, Qatar, Oman, Russia, Indonesia, Equatorial Guinea, andthe United States. Our involvement in these projects has spanned entire value chains, fromLNG production and transportation to marketing. By using our accumulated knowledge ofthe LNG business and based on our relationships with gas-producing countries and business
partners, we will continue contributing to the provision of resources to ensure stable suppliesof energy to Japan and other countries through further expansion of the LNG business.

1Participating Interest Holders of Area 1 Block
Anadarko Moçambique Área 1 Limitada (operator)
Mitsui E&P Mozambique Area 1 Limited
ENH Rovuma Área Um, S.A.
ONGC Videsh Limited
Beas Rovuma Energy Mozambique Limited
BPRL Ventures Mozambique B.V.
PTTEP Mozambique Area 1 Limited

Location of Area 1 Block

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26.5%
20%15%10%10%10%8.5%

Artist’s rendering

For inquiries on this matter, please contact:
Mitsui & Co., Ltd.
IR Div. TEL: +81-3-3285-7910
Corporate Communications Div. TEL: +81-3-3285-7540

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 orimplied 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 inorder 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.

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