OREANDA-NEWS. December 19, 2012. Mitsui & Co., Ltd. ("Mitsui," Head office: Tokyo, President & CEO: Masami Iijima) announced that, in the decision made at the meeting of the Board of Directors held on December 19, 2012, Mitsui has resolved to execute a share exchange ("Share Exchange") with Mitsui as the wholly owning parent company and MITSUI FOOD CO., LTD. ("MITSUI FOOD") as the wholly owned subsidiary. A share exchange agreement with the effective date as of February 5, 2013 was concluded between Mitsui and MITSUI FOOD today.

The Share Exchange will be executed through a short-form share exchange procedure under the provisions of Article 796, Paragraph 3 of the Companies Act, without obtaining approval of the general shareholders' meeting of Mitsui.

This Share Exchange is not expected to have any significant impact on Mitsui's financial results.