Mitsui & Co., Ltd. ("Mitsui", head office; Tokyo, President and CEO: Masami Iijima) has established a joint venture company of large scale agricultural production named SLC-MIT Empreendimentos Agrícolas LtdaS.A. ("The Joint Venture Company", head office; Brazil) with SLC AGRÍCOLA S.A. ("SLC", head office; Brazil), a Brazil-based Major Agricultural Producer. Mitsui will strive to strengthen its agricultural production and increase its production scale by collaborating with a local partner in Brazil.

SLC operates 14 farms located in 6 Brazilian states, and has the largest scale of owned farms in Brazil, currently totaling 320 thousand hectares. SLC started its agricultural operation in 1977, focusing on soybean, cotton and corn production, thus having a wide experience in large scale agricultural production.

Mitsui has been developing its agricultural production in Brazil since 2007 through Multigrain Group, its wholly owned subsidiaries which are involved in grain production and originated in Brazil. Specifically, the Agricola Xingu S.A. ("Xingu",head office; Brazil), agricultural producer company of Multigrain Group, own farms in 3 states over 116 thousand hectares, focusing on soybean, cotton and corn. Xingu also handles production of non-genetically modified organism (Non-GMO) soybean to export to markets with Non-GMO demand, such as Japan, etc.

The Joint Venture Company will lease a part of Xingu's farm (22 thousand hectares) and start agricultural production in October 2013. Mitsui and SLC are aligned towards expanding the business in multiple locations of Brazil.

The global demand for grain is expected to increase as population grows and as the economies of emerging countries continue to improve. Mitsui will strive to strengthen its agricultural production business in Brazil, which has high potentiality to enhance a stable supply of "safe and secure" grains to Japan, Asian and other markets.

Profile of The Joint Venture Company

Name of Company	SLC-MIT Empreendimentos Agrícolas S.A.
Head Office	Porto Alegre, RS, Brasil
Representative	Aurélio Pavinato CEO
Establishment	August 2013
Equity	USD 28 million
Shareholders	SLC 50.1%, Mitsui 49.9%
Main Business	Agricultural Production
Major Products	Soybean, cotton and corn
Farm Location	1st year: 22 thousand hectares farm at Bahia State After 1st year: expanding in multiple locations

Profile of SLC

Name of Company	SLC AGRÍCOLA S.A.
Head Office	Porto Alegre, RS, Brasil
Representative	Aurélio Pavinato CEO
Establishment	1977
Equity	USD 994 million
Revenues	USD 558 million (FY2012/12)
Employees	3,000 (as of May 2013, including temporary staff of 1,000)
Main Business	Agricultural Production
Stock Exchange Listing	BM&F BOVESPA São Paulo Stock Exchange (listed on 2007) NASDAQ ADR (listed on 2011)

Scheme

Location of farms of SLC and The Joint Venture Company (1st Year)

Xingu's Tabuleiro Farm - A part of the farm will be leased to The Joint Venture Company

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 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.
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