April 15, 2019
For Immediate Release
To Whom It May Concern
Mitsui & Co., Ltd.
Investment in the FPSO Charter Projectfor Area 1 Block offshore Mexico
Mitsui & Co., Ltd. (head office: Chiyoda-ku, Tokyo; president: Tatsuo Yasunaga) has reached
an agreement to invest in a long-term charter business currently promoted by MODEC, Inc.
(head office: Chuo-ku, Tokyo; president&CEO: Yuji Kozai), for the purpose of providing aFPSO for use in the Area 1 Block off the coast of Mexico, and executed related loan agreements.
The effects of this decision on Mitsui's profit forecast for the year ending March 2020 is
expected to be minor.

Attachment: Participation of Mitsui and MOL and Conclusion of Financing
for FPSO Charter Project of MODEC for Area 1 Block offshore Mexico

For further information, please contact:
Mitsui & Co., Ltd.
Investor Relations Division
Tel: +81-3-3285-7910
Corporate Communications Division
Tel: +81-3-3285-7596

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 bematerially different from any future results, financial position or cash flows expressed or implied bythese 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 andQuarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise anyforward-looking statements. This announcement is published in order to publicly announce specificfacts stated above, and does not constitute a solicitation of investments or any similar act inside oroutside of Japan, regarding the shares, bonds or other securities issued by us.

Participation of Mitsui and MOL and Conclusion of Financing
for FPSO Charter Project of MODEC for Area 1 Block offshore Mexico
April 15, 2019
MODEC, Inc.
Mitsui & Co., Ltd.
Mitsui O.S.K. Lines, Ltd.
MODEC, Inc. (“MODEC,” Head Office: Chuo-ku, Tokyo; President & CEO: YujiKozai), Mitsui & Co., Ltd. (“Mitsui,” Head Office: Chiyoda-ku, Tokyo; President &CEO: Tatsuo Yasunaga) and Mitsui O.S.K. Lines, Ltd. (“MOL,” Head Office:Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) jointly announce that Mitsui and
MOL have participated in a long-term charter business (“the Project”) operated by
MODEC for the purpose of providing a floating production, storage, and offloading
system (“the FPSO”) for use in the Area 1 block offshore Mexico and a loan agreement
for the Project was entered into on April 12, 2019.
Mitsui and MOL invested in Area1 Mexico MV34 B.V. (“MV34”), a Dutch company
established by MODEC, which will engage in FPSO leasing, operations andmaintenance services. In December 2018, MV34 concluded the charter agreement withEni Mexico S. de R.L. de C.V. (“Eni Mexico”), the operator of Area 1 block and a
subsidiary of Eni S.p.A. The charter contract initially runs for 15 years, with options forextension every year thereafter up to 5 additional years.
The loan agreement on a project finance basis was signed by Sumitomo Mitsui Banking
Corporation (lead arranger), MUFG Bank, Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui
Trust Bank, Limited, Société Générale, BNP Paribas, Oversea-Chinese Banking
Corporation Limited, Clifford Capital Pte. Ltd. and Crédit Industriel et Commercial.
This is the first project finance for the FPSO project in Mexico.

Mexico has seen numerous significant discoveries of expansive offshore oil fields inrecent years, thereby giving rise to expectations of fresh demand for additional FPSO inthe region. Area 1 block is owned by a consortium of two companies including Eni
Mexico as operator and Qatar Petroleum. Construction of the FPSO is planned to becompleted in 2021, and the FPSO will be deployed for the development of the Area 1
block at water depths of about 32 meters.

Outline of FPSO
Oil processing capacity 90,000 barrels per day
Gas processing capacity 75 million cubic feet per day
Oil storage capacity

900,000 barrels

Mooring type

Disconnectable Tower Yoke

Controlling stake of MV34
Modec, Inc.

35.0%

Mitsui & Co., Ltd.

35.0%

Mitsui O.S.K. Lines, Ltd.

30.0%

Map

For inquiries on this matter, please contact
MODEC, Inc.
General Affairs Department
Telephone: +81-3-5290-1200
Facsimile: +81-3-5290-1505

Mitsui & Co., Ltd.
Corporate Communications Division
Media Relations Department
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819
Mitsui O.S.K. Lines, Ltd.
Corporate Communications Division
Media Relations
Telephone: +81-3-3587-7015
Facsimile: +81-3-3587-7705.