*Mitsuis Recycling Business7 December, 2011Hideki Yoshimi Mineral & Metal Resources Div. Mitsui & Co. (Asia Pacific) Pte. Ltd., Kuala Lumpur Branch

Hitomi Yokota Mineral & Metal Resources Project Dept.Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore Branch

*1. Company Overview 1-1. Company Profile 1-2. Company Profile at a Glance(1) 1-3. Company Profile at a Glance(2) 1-4. Mitsuis Organization

2. Mitsuis Activity in Recycling Business 2-1. Activity in Japan 2-2. International Activity 2-3. Domestic/International Activity (with Municipalities in Japan)

3. Mitsuis Future Prospective 4. Appendix - Fuji Xerox in Thailand - Urban Mines in JapanContents

*1. Company Overview

*1-1. CompanyProfileCompany Name Date of Establishment Representative Common Stock Number of Employees

Number of Offices and Overseas Trading Subsidiaries (As of April 1, 2011)

Head Office

Number of Subsidiaries and Associated Companies

Stock Information(As of March 31, 2011)MITSUI & CO., LTD.July 25, 1947Masami Iijima, Representative Director, President and Chief Executive Officer\341,481,648,9466,095 (40,026 on consolidated basis)

154 offices in 66 countries Japan: 12 offices Overseas: 142 offices in 65 countries

2-1, Ohtemachi 1-chome, Chiyoda-ku, Tokyo 100-0004, JapanTEL: 81(3)3285-1111 FAX: 81(3)3285-9819 URL: http://www.mitsui.com/jp/en/

Subsidiaries: Japan 81 Overseas 194Associated Companies: Japan 47 Overseas 114

Total 436

Stock Exchange Listings: Tokyo, Osaka, Nagoya, Sapporo, FukuokaNumber of Shares Authorized: 2,500,000,000 sharesCommon Stock Issued: 1,829,153,527 sharesNumber of Shareholders: 169,819 shareholders

*The Numbers Tell It AllMitsui & Co., Ltd.As of or for the Year Ended March 31, 20111-2. Company Profile at a Glance (1)

*1-3. Company Profile at a Glance (2)

*Mineral & MetalResources B.U.Performance Chemicals B.U.1-4. Mitsuis Organization

*2. Mitsuis Activity in Recycling Business

*2-1. Activity in Japan

* Shareholder: Mitsui & Co., Ltd. (100%) Annual sales: Approx. 280 billion yen(as of March 2011) Number of employees 323 (as of March, 2011) Key business:Domestic trading and import/export of steel scrap, pig iron, ferro-alloys, and other ferrous raw materials. Domestic trading and import/export of non-ferrous metal scraps, special steel scrap. Domestic trading and import/export of non-ferrous metals product (titanium, aluminum products, secondary aluminum alloys, etc.)Environmental solutions business (electric and electronic appliance recycling, collection of and resource recovery from shredded residues)Sales of waste processing equipment and facilities.Import of mineral resources.

Mitsui Bussan MetalsSource recoveryURL : http://www.mitsui-metals.com/en/index.htmlSteel ScrapNon-Ferrous ScrapNon-Ferrous ProductLight MetalTitaniumFerro-AlloyIron Making Raw MaterialPetroleum CokeRecycleMain Business Fields / 9 business unit

* A new technology that simultaneously achieves waste detoxification processing, recycling, and energy conservation.A final solution for waste instead of a landfill site.Shareholder structure Mitsui & Co. 33.5%, Kyoei Steel 41.5% Sumitomo Metal Industries 20% Air Water Inc.5%Volume of waste processed 90 t/dayEstablished February 1, 2004 (Operation started in April, 2004) Energy conservation effects equivalent to 8,525 kl of crude oil per year CO2 emissions reduced by 23,102 t/yearOverview of Kyoei Recycling Co., Ltd.Kyoei Recycle (Gasification Furnace)

*Company name:Green Cycle CorporationEstablishment:1998Company Address:Nagoya-city, Aichi Pref.Main Business:a) Recycling of 6 home appliance items based on the Home Appliance Recycling Act Group B) b) Recycling of office automation equipment based on the Law for Promotion of Effective Utilization of ResourcesMain Shareholders:Sony (49.39%), Takashima (12.12%), Mitsubishi Electric Corporation (6.06%), Sekisui Plastics(5.76%),Mitsui3.03%)Recycled volume:Approx. 1.83 Mil Units (2011)WEEE Recycling - Plant OperationHome Appliance Recycling Law in Japan was launched in April 2001 for promoting recycling materials and decreasing waste materials.Objective Home ApplianceWashing MachineRefrigeratorTVAir ConditionerFerrous Non Ferrous PlasticsCRT Etc. ConsumerRecycling CompanyLand fillRetailing (Home electronics)MunicipalityRecycling as materialHome Electronics producersAfter starting Home Appliance LawBefore starting Home Appliance Law

*Automobile manufacturers and car importers are required by law to recover and recycle ASRs, air bags and CFCs arising from discarded automobiles. Mitsui (and Mitsui Bussan Metals) is entrusted with back-office operations of the ASR process from ART team. ASR process team:a) ART team Nissan, Isuzu, Suzuki, Mazda, Mitsubishi, etc (13 companies)b) TH team Toyota, Honda etcAutomobile Recycling Law: To improve the recycling rate of vehicles, Enforced in Jan 2005Automobile Recycling (ASR treatment)

*2-2. International Activity

*Establishment 1917 Head office NY and Chicago Stock listings ASX, NYSE Market cap. A$2.6 billion (as of 22 Sep 2011Sales A$8.9 billionFY 2011) Net profit A$192 millionFY 2011 Ownership stake 17.6% (largest shareholder Mitsuis total investment approx. JPY95 billion Sims metal Management ltd.

*Thailand Project with Fuji Xerox

*Malaysia Project with SDPMOU with Sime Darby and TENEGA on biogas power generation

In April 2011, Mitsui signed a memorandum with Sime Darby Plantation (SDP), a major Malaysian government linked palm oil company, and Tenaga Natsional Bhd (TNB), a government linked power company, providing for a joint study concerning the commercial viability of biogas generation at palm oil extraction plants owned by SDP.

*2-3. Domestic/International Activity with Municipalities in Japan)

*Recycling Campaign for Used Cell-PhonesRecycling Campaign for Used Small WEEEsMitsui has launched the first nationwide scale collection & recycling campaign for used cell-phones, co-working with METI (Ministry of Economy Trade and Industry).

Co-Working with government (Ministry of the Environment & Tokyo Metropolitan Government).Fieldwork to analyze and design an effective recycling scheme for used small WEEEs.-Lottery card:

-Making a hole at Collection point:

-Logo:Small WEEE Recycling Business with municipalities in JapanJapan Government is considering legislation of Small WEEE.Campaign result was very helpful to legislate for Government and to consider future business for Mitsui..

*Project Outline:In Thailand, Waste Electrical and Electronic Equipment Law (T-WEEE) is expected to be enacted in 2015. Based on this, Mitsui will start a feasibility study on electronic waste recycling business in Thailand with local partners, and conduct research on market size, profitability and licensing procedure.Project Period: Aug 25, 2011Feb 29, 2012 Thailand - WEEE Recycling

*3. Mitsuis Future Prospects

*To create new recycle value chain in liaising with governments, e-waste generators and recyclers

To introduce Japans advanced recycling technology and infrastructures to ASEAN region

To secure stable supply of resources and to achieve industrial solution for environmental issuesE-waste GeneratorsRecyclingCompaniesConsortium (Recycle Value Chain)3. Mitsuis Future ProspectsGovernmentMunicipalitiesJapan Advanced technology

*Thank You!

*Appendix

*Fuji Xerox in Thailand(1)(Mitsuis support on FX International Resource Recycling System)

*Fuji Xerox in Thailand(2)(Recycling Flow of Used Xerox Office Equipment)

*Mobile Phone40 mg /Unit(100g)230g / MT150g / MT

5g / MTGold Ore of South African Gold MineLaptop150 mg /Unit(1kg)400g / MT

Digital Camera35 mg /Unit(150g)Precious Metal Content per mobile phoneAu: 0.16% Ag: 0.53% Cu: 30.12% Pd: 0.02%Urban Mines in Japan - 1

*Estimated Urban Mine in JapanWorld Annual ConsumptionUrban Mine (Cumulative reserves) in JapanMillion MTMillion MTMillion MTThousand MTThousand MTThousand MTThousand MTThousand MTUrban Mines in Japan - 2

Graph3

858

1200

Iron (Fe)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph4

177

60

Aluminum (Al)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph5

15.3

38

Copper (Cu)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph6

1550

1700

Nickel (Ni)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph7

2.5

6.8

Gold (Au)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph8

0.445

2.5

Platinum (Pt)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph9

19.5

60

Silver (Ag)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

Graph10

0.45

1.7

Indium (In)

Sheet1

World Annual ConsumptionUrban mining in JapanWorld Annual ConsumptionWorld ReserveUrban mining in Japan

Iron8581,2000%858,000,00079,000,000,0001,200,000,0001000000

Aluminum177600%177,000,00025,000,000,00060,000,000

Copper15380%15,300,000480,000,00038,000,000

Zinc10130%10,000,000220,000,00013,000,000

Lead360%3,300,00057,000,0005,600,000

Chrome20,00016,0000%20,000,000810,000,00016,000,0001000

Nickel1,5501,7000%1,550,00064,000,0001,700,000

Cobalt581300%57,5007,000,000130,000

Gold370%2,50042,0006,8001000

Silver20600%19,500270,00060,000

Platinum030%44571,0002,500

Indium0.451.70%4502,8001,7001000

Lithium21.11500%21,1004,100,000150,000

Tantalum1.294.40%1,29043,0004,400

Sheet1

0

0

Iron (Fe)

Sheet2

0

0

Aluminum (Al)

Sheet3

0

0

Copper (Cu)

0

0

Nickel (Ni)

0

0

Gold (Au)

0

0

Platinum (Pt)

0

0

Silver (Ag)

0

0

Indium (In)

P3

++

Well, Oka-san. As you may know well, mobile phones are made of a lots of precious metal and rare metals.If we collect 10 thousand of used mobile phone, namely 1MT, how much can we extract GOLD ?

11MT

Hmm... 400g ?400g

Exactly !! Thats correct ! OhIts written on a page ! god damn you !

Cackling..P4

++

Tokyo is a big urban mine, isnt it ? I think our new business chance is to mine this.Do you have any Urban mine in your house ?

MineBusiness Chance

Yes, I have a few used mobile phones.

What's more recycling of used mobile phones than our good representative recycle project ?Well, Watanabe-san, please explain the guide line of the project.

Used mobile phones