November 8, 2023
For Immediate Release
To whom it may concern

Mitsui & Co., Ltd.

Underwriting of New Share Allotment for Metro Pacific Investments Corporation,an Integrated Infrastructure Company in the Philippines
As Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) announced in the release“Result of Tender Offer to Acquire Metro Pacific Investments Corporation, an Integrated Infrastructure
Company in the Philippines” dated September 20, 2023, it had acquired 11.3% of common shares of Metro
Pacific Investments Corporation (“MPIC”), through Mit-Pacific Infrastructure Holdings (“MPIH”) (Mitsui
50%+1share, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development(Head Office: Tokyo, President and CEO: Tatsuhiko Takesada) 50%-1share).
In consideration of the share acquisition ratio that was originally intended, Mitsui hereby announces that MPIH
will underwrite a new share allotment for MPIC (“Underwriting”) and increase its shareholding ratio in MPIC to14.5%, as follows.
1.

Outline of Additional Acquisition of MPIC
As of September 20, 2023

Way ofAcquisition
Acquisition Price

As of November 8, 2023

Tender Offer Process (“Offer”)

Allotment of new shares

PHP5.2 per MPIC common share

PHP5.2 per MPIC common share
Number of shares before the additional
acquisition:

Change in MPIH

Number of shares before the Offer: 0

3,242 million shares / 1,621 million shares/ Mitsui’s

Number of shares after the Offer: 3,242(11.3% / 5.6%)

Shareholding of

million shares / 1,621 million shares (11.3% /Number of shares after the additional

MPIC

5.6%)

acquisition:
4,571 million shares / 2,286 million shares(14.5% / 7.25%)

Total Amount ofPHP28,417 million

Acquisition(Approximately JPY73.9 billion)*

Additional acquisition amountPHP6,912 million

Total Amount ofAcquisition(MPIH portion /Mitsui portion)

PHP16,890 million(Approximately JPY43.9 billion, Mitsui portion
JPY21.9 billion)*(Approximately JPY18.0 billion, Mitsui portion
JPY9.0 billion)*
In total after the additional acquisition
PHP23,802 million(Approximately JPY61.9 billion, Mitsui portion
JPY30.9 billion)** Conversion rate: PHP/JPY 2.6 (approx.)

2.

Future Outlook
The share underwriting is expected to be completed by the end of November upon the completion of thenecessary procedures.

3.

Impact on the Business Results
The impact of the acquisition of MPIC shares through the Offer completed on September 20 and thisUnderwriting will be approximately 5.9 billion yen (recorded in the second quarter) and 2.0 billion yen(expected to be recorded in the third quarter), respectively, which are included in Mitsui’s forecasts for thefiscal year ending March 2024 announced on October 31, 2023.

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 based on
Mitsui’s current assumptions, expectations and beliefs in light of the information currently possessed by it andinvolve 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 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 oroutside of Japan, regarding the shares, bonds or other securities issued by us.