Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) previously announced in the release "Planned Commencement of Tender Offer to Acquire Metro Pacific Investments Corporation, an Integrated Infrastructure Company in the Philippines" dated April 27, 2023, that through Mit-Pacific Infrastructure Holdings ("MPIH") (Mitsui 50% + 1 share, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development ("JOIN", Head Office: Tokyo, President and CEO: Tatsuhiko Takesada) 50% - 1 share), it was to make a tender offer ("Offer") for the common shares of Metro Pacific Investments Corporation ("MPIC"), a company listed on the Philippine Stock Exchange, together with Metro Pacific Holdings, Inc. ("MPHI"), GT Capital Holdings, Inc. ("GTC") and MIG Infrastructure Holdings Incorporated ("MIG") (together with MPIH, MPHI, GTC, and MIG are collectively referred to as the "Offeror Parties") after the completion of the procedures at the relevant authorities. As of April 27, 2023, Mitsui announced that the Tender Offer was to commence from late May, 2023.

Although the Offeror Parties are proceeding with preparations to obtain a fairness opinion and valuation report on MPIC which is to be prepared by a third-party, as of today, such procedures have not yet been completed, and thus the commencement of the Tender Offer will be delayed.

If the conditions for the commencement of the Tender Offer are satisfied and the Tender Offer is commenced, Mitsui will promptly make an announcement.