1

Mitsui’s Recycling Business

7 December, 2011

Hideki YoshimiMineral & Metal Resources Div.Mitsui & Co. (Asia Pacific) Pte. Ltd., Kuala Lumpur Branch

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

2

1. Company Overview1-1. Company Profile

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

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

1-4. Mitsui’s Organization

2. Mitsui’s Activity in Recycling Business2-1. Activity in Japan

2-2. International Activity

2-3. Domestic/International Activity (with Local Governments in Japan)

3. Mitsui’s Future Prospective

4. Appendix- Fuji Xerox in Thailand

- Urban Mines in Japan

Contents

3

1. Company Overview

4

1-1. Company Profile

Company Name

Date of Establishment

Representative

Common Stock

Number of Employees

Number of OfficesandOverseas Trading Subsidiaries(As of April 1, 2011)

Head Office

Number of SubsidiariesandAssociated Companies

Stock Information

(As of March 31, 2011)

MITSUI & CO., LTD.

July 25, 1947

Masami Ii j ima, Representative Director, President and Chief Executive Officer

¥341,481,648,946

6,095 (40,026 on consolidated basis)

154 officesin 66 countries Japan: 12 officesOverseas: 142 officesin 65 countries

2-1, Ohtemachi 1-chome,Chiyoda-ku, Tokyo 100-0004,Japan

TEL: 81(3)3285-1111 FAX: 81(3)3285-9819 URL: http://www.mitsui.com/jp/en/

Subsidiaries: Japan 81 Overseas194

Associated Companies: Japan 47 Overseas114

Total 436

Stock Exchange Listings: Tokyo, Osaka, Nagoya, Sapporo, Fukuoka

Number of SharesAuthorized: 2,500,000,000 shares

Common StockIssued: 1,829,153,527 shares

Number of Shareholders: 169,819 shareholders

5

The Numbers Tell It All－Mitsui & Co., Ltd.（As of or for the Year Ended March 31, 2011）

Total Assets:103.6billion

US$

Revenues:56.4billion

US$

Investments and LoansResult: 8.3US$

billion

28.5Shareholders’Equity:

US$billion

We develop a wide range ofbusinesses in four core areas:Mineral Resources & Energy, Global Marketing Networks,Lifestyle Business, and Infrastructure.

3,695million

US$

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

6

The Numbers Tell It All－Mitsui & Co., Ltd.（As of or for the Year Ended March 31, 2011）

Global Network (as of November 1, 2011):

68countries

154Number of Offices andOverseas Trading Subsidiaries:(as of November 1, 2011)

436Number of Subsidiaries andAssociated Companies:

40,026Number of Employees (consolidated):

135A Total ofyears sinceestablishment

*Former Mitsui & Co. established in 1876.(Legally speaking, there has been no continuation betweenthe former Mitsui & Co. and the current Mitsui & Co.)

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

7

Mineral & MetalResources B.U.

PerformanceChemicals B.U.

1-4. Mitsui’s Organization

Iron & Steel Product B.U.(ex. pipeline)

14 Business Units

Infrastructure Project Business B.U.(ex. IPP projects, trains)

Motor Vehicle B.U.(ex. automobiles)

Energy B.U.Ⅰ / Energy B.U.Ⅱ(ex. oil & gas)

Food and Retail B.U.(ex. demand chain

management)

Consumer Service B.U.(ex. apparel)

IT B.U.(ex. e-commerce, IT)

Financial Markets B.U.(ex. VC, commodity trading)

Transportation Logistics B.U.(ex. shipping)

Marine & Aerospace B.U..(ex. ships, airplanes,)

Basic Chemicals B.U.

8

2. Mitsui’s Activityin Recycling Business

9

2-1. Activity in Japan

10

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 rawmaterials.

Domestic trading and import/export of non-ferrous metal scraps,special steel scrap.

Domestic trading and import/export of non-ferrous metalsproduct (titanium, aluminum products, secondary aluminumalloys, etc.)

Environmental solutions business (electric and electronicappliance recycling, collection of and resource recovery fromshredded residues)

Sales of waste processing equipment and facilities. Import of mineral resources.

Mitsui Bussan Metals

Sourcerecovery

◆URL : http://www.mitsui-metals.com/en/index.html

Steel Scrap Non-FerrousScrap

Non-FerrousProduct

Light Metal Titanium Ferro-Alloy

Iron MakingRaw Material Petroleum Coke Recycle

Main Business Fields / 9 business unit

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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/day

【Established】

February 1, 2004 (Operation started inApril, 2004)

【Energy conservation effects】

equivalent to 8,525 kl of crude oil per yearCO2 emissions reduced by 23,102 t/year

Overview of Kyoei Recycling Co., Ltd.

【Waste】

Metal scrap

【Shredding and sorting】

【Conversion to gas fuel】

【Manufacture】

Industrial waste(automobile scrap)

General waste

Shredder

Steel products forconstruction

【Gas fuel utilized】

Kyoei Steel/steel making

Business area ofKyoei Recycling

res

ou

rce

rec

ov

ery

Gasificationmelting furnace

Gasifies and detoxifies industrialwaste* at high temperatures inmelting furnace

*Automobile shredder residue, medical waste,waste effluent, contaminated soil, asbestos, etc.

Collected gas is reused as aheating source (substitute forkerosene)

Kyoei Recycle (Gasification Furnace)

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◆Company name: Green Cycle Corporation◆Establishment: 1998◆Company Address: Nagoya-city, Aichi Pref.◆Main Business: a) Recycling of 6 home appliance

items based on the Home ApplianceRecycling Act （Group B)

b) Recycling of office automationequipment based on the Law forPromotion of Effective Utilization ofResources

◆Main Shareholders: Sony (49.39%), Takashima (12.12%),Mitsubishi Electric Corporation (6.06%),Sekisui Plastics(5.76%),Mitsui（3.03%)

◆Recycled volume: Approx. 1.83 Mil Units (2011)

WEEE Recycling - Plant Operation

Home Appliance Recycling Law in Japan was launched in April 2001 for promoting recycling materialsand decreasing waste materials.

Objective Home Appliance

W ashing Machine Refrigerator

TV Air Conditioner

Ferrous Non Ferrous Plastics CRTEtc.

Consumer

RecyclingCompany

Land fill

Retailing (Home electronics)

Municipality

Recycling

as material

Home Electronics producers

After starting Home Appliance Law

Before starting Home Appliance Law

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Automobile manufacturers and car importers are required by law to recover and recycle ASRs, air bagsand CFCs arising from discarded automobiles. Mitsui (and Mitsui Bussan Metals) is entrusted withback-office operations of the ASR process fromART team.

ASR process team:a) ART team

Nissan, Isuzu, Suzuki,Mazda, Mitsubishi, etc(13 companies)

b) TH teamToyota, Honda etc

Automobile Recycling Law:To improve the recycling rate ofvehicles,Enforced in Jan 2005

Re po rt of del ivery/tak in g- over

by dig it al manife st sys tem

Junk dealerChloro fluo roc arbon c ol le cte r

Scrapper Sh redderE LV

4m il cars

O bil ig at io nto de liver

￥

Automobile company / Importer / Recycling facilities appointed by JARC

ASRRecycling facilities

ART※

￥C ￥5mil cars are dispo sa l

￥

Fund Management Center / JARC

Information Control Center / JARC (Japan Automobile Recycling Promotion Center)

ASRRecycling facilities

T・H※

Exported

1 mil c ars

7 8m il cars in Japan Recycling Charge

\7,000-18,000/car

ASR0 .6mil to n

ELV

※Taking overASR and Chlorofluorocarbon,

and dispose them properly

Ele ctric Furn ace

5.0 mil c ars are

pu rchased ann ua lly

Obil ig a t ion

to del iver

ELV

Obil igat ion

to de l iver

Report of del ive ry/ taking-o ve r

by digita l m an ifes t sys temRe po rt of del ivery/tak in g- over

by dig ital manife st sys tem

Re po rt of del ivery/tak in g- over

by dig it al manife st sys tem

Automobile Recycling (ASR treatment)

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2-2. International Activity

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【Establishment】 1917 【Head office】 NY and Chicago

【Stock listings】 ASX, NYSE 【Market cap.】A$2.6 billion (as of 22 Sep 2011）

【Sales】 A$8.9 billion （FY 2011) 【Net profit】A$192 million （FY 2011）

【Ownership stake】 17.6% (largest shareholder） 【Mitsui’s total investment】 approx. JPY95 billion

Sims metal Management ltd.

Metal recycling business：

• Ferrous and non-ferrous metal scrap

(approx. 13million MT/year)

Environmental recycling business：

• Recycling of used household appliances

• Waste treatment（metal/glass/plastic)

257 Global BasesBusiness Activities

EU54

Asia15

Australia/NZ64

NorthAmerica

124

20-year long-termagreementwith NYCity for wastecollection

Tie up w ith Samsungin householdappliances recyclingbusiness (in NorthAmerica)

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Thailand – Project with Fuji Xerox

Disassemble/Separation

= Exporter of Used Copier

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Malaysia – Project with SDP

MOU with Sime Darby and Tenaga 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 NasionalBerhad (TNB), a government linked power company, providing for a joint studyconcerning the commercial viability of biogas generation.

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

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1. Recycling Campaign for UsedCell-Phones

2. Recycling Campaign for UsedSmall WEEEs

• Mitsui has launched the first nationwidescale collection & recycling campaignfor used cell-phones, co-working withMETI (Ministry of Economy Trade andIndustry).

Collection Ev entCollection BOX-Lottery card:

-Making a hole atCollection point:

-Logo:

Small WEEE Recycling– Business with Local Governments in Japan

Japan Gov ernment is considering legislation of Small WEEE.

Campaign result was v ery helpful to legislate for Gov ernment and

to consider future business for Mitsui.

.

• Co-Working with government (Ministryof the Environment & TokyoMetropolitan Government).

• Fieldwork to analyze and design aneffective recycling scheme for usedsmall WEEEs.

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Project Outline: In Thailand, Waste Electrical and Electronic Equipment Law (T-WEEE) isexpected to be enacted in 2015. Based on this, Mitsui will start a feasibilitystudy on electronic waste recycling business in Thailand with local partners,and conduct research on market size, profitability and licensing procedure.

Project Period: Aug 25, 2011～Feb 29, 2012

SmeltingRecyclingCollection

Introduction ofJapanese advanced

recycling technologiesfor Home appliance

‐ Operation‐ Man Power‐ Log istics

• High value added to recycledmaterials

Market Research

Mitsui (Thailand)

Mitsui (Asia Pacific)

Mitsui Bussan Metals

Local Partner(Scrap Company in Thailand)

Consumer Market inThailand

Products subject to T-WEEE

1. TV 6. Personal Computer2. Digital Camera/Camcorder 7. Air Conditioner3. Portable Media Play er 8. Ref rigerator4. Printer/ Facsimile 9. Fluorescent Lamp5. Mobile Phone 10. Dry -cell Battery

/Handheld transceiv er

J/V

Mitsui

Smelting Company

Thailand - WEEE Recycling

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3. Mitsui’s Future Prospects

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

・To introduce Japan’s advanced recycling technology and infrastructuresto ASEAN region

・To secure stable supply of resources and to achieve industrial solutionfor environmental issues

E-wasteGenerators

RecyclingCompanies

Consortium (Recycle Value Chain)

3. Mitsui’s Future Prospects

GovernmentMunicipalities

Japan Advancedtechnology

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Thank You!

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Appendix

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Recycling PartnersFuji Xerox Operating Companies

Disassembly/separation

Material recyclingExport

FXEM

Import

Ship CustomCustomer warehouse

Assist in・ Applying for Import/Export Permitunder Basel Convention andHazardous Substance Act of Thailand・Discussion and Negotiation withGovernmental Agencies・Updating Information on RelatedLaws and Regulations・Logistics and Customs Matters

Assist in・Selecting Alternative RecyclingPartner・Concluding Contractual Details・Providing Financial Status andPerformance・Conducting Audit② Import Copiers

and Components

③ Sale of Scraps① Apply for Export Permit underBase Convention

① Apply for Import Permit underBasel Convention

MOI/DIW/MNRE/PCD

Recycling Partners

9 Operation Companiesin Asia Pacific Region

Competent Authorityof Export Country

Fuji Xerox in Thailand(1)(Mitsui’s support on FX International Resource Recycling System)

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Recycling Ratio

99.8%

99.8% 0.2%

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

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Mobile Phone40 mg /Unit(100g)

230g / MT150g / MT

5g / MT

Gold Ore ofSouth African Gold Mine

Laptop150 mg /Unit(1kg)

400g / MT

Digital Camera35 mg /Unit(150g)

Precious Metal Contentper mobile phone

Au: 0.16%Ag: 0.53%Cu: 30.12%Pd: 0.02%

Urban Mines in Japan - 1

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Iron (Fe )

0

500

1,000

1,500

Aluminum (Al)

0

50

100

150

200

Copper (Cu)

0

10

20

30

40

Nickel (Ni)

1,450

1,500

1,550

1,600

1,650

1,700

1,750

Gold (Au)

0

2

4

6

8

Platinum (Pt)

0

1

1

2

2

3

3

Silver (Ag)

0

10

20

30

40

50

60

70

Indium (In)

0

0.5

1

1.5

2

Estimated Urban Mine in Japan

World Annual Consumption Urban Mine (Cumulativ e reserves) in Japan

Million MT Million MT Million MT Thousand MT

Thousand MTThousand MTThousand MTThousand MT

Urban Mines in Japan - 2