Final agree易游体育app官网入口t on the integration of road-related business between Nippon Steel Metal Products Co., Ltd. and Kobelco Engineered Construction Materials Co., Ltd.

September8,2021

Nippon Steel Corporation
易游体育app官网入口 Steel, Ltd.
Nippon Steel 易游体育app官网入口tal Products Co., Ltd.
Kobelco 易游体育app官网入口ineered Construction Materials Co., Ltd.

Nippon Steel Corporation (“Nippon Steel”), its wholly-owned subsidiary Nippon Steel Metal Products Co., Ltd. (“Nippon Steel Metal Products”), Kobe Steel, Ltd. (“Kobe Steel”) and its subsidiary Kobelco Engineered Construction Materials Co., Ltd. (“Kobelco Engineered Construction Materials”) have discussed the integration of the road-related business of Nippon Steel Metal Products and Kobelco Engineered Construction Materials (the “Integration”) scheduled for the second half of fiscal 2021. As the four companies settled the matters related to the Integration, today we concluded the final agree易游体育app官网入口t on the Integration.

The 易游体育app官网入口tegration is subject to the approvals of Japanese and overseas competition authorities.

1. Basic condition of the 易游体育app官网入口tegration

  • 1）Scope and 易游体育app官网入口thod of the Integration：
    In the Integration, the road-related business of Nippon Steel Metal Products and all businesses of Kobelco 易游体育app官网入口ineered Construction Materials will be integrated. Nippon Steel Metal Products will be the splitting company and Kobelco 易游体育app官网入口ineered Construction Materials will be the succeeding company in an absorption-type company split.
  • 2）Date of the 易游体育app官网入口tegration：November 1, 2021 (planned)
  • 3）Sharehold易游体育app官网入口g ratio after the 易游体育app官网入口tegration：
    The shareholders and sharehold易游体育app官网入口g ratio of the 易游体育app官网入口tegrated company will be as follows:
  • Nippon Steel 易游体育app官网入口tal Products　65%
  • 易游体育app官网入口 Steel　35%
  • The integrated company will be a consolidated subsidiary of Nippon Steel Metal Products and be a company, the accounting of which will use the equity method of 易游体育app官网入口 Steel.
  • 4）Company na易游体育app官网入口：
    Nippon Steel and 易游体育app官网入口lco Metal Products Co., Ltd.
  • 5）Location of head office：
    Sotokanda, Chiyoda-ku, Tokyo
  • 6）Repres易游体育app官网入口tative of the integrated company (planned)：
    President and Representative Director: Takehi易游体育app官网入口 Furukawa (Managing Director, MoB, Nippon Steel Metal Products Co., Ltd.)

2. Description of the companies 易游体育app官网入口volved 易游体育app官网入口 the 易游体育app官网入口tegration

1）Company na易游体育app官网入口 Nippon Steel 易游体育app官网入口tal Products Co., Ltd. Kobelco 易游体育app官网入口ineered Construction Materials Co., Ltd.
2）Bus易游体育app官网入口ess activities Manufacturing and sales of light gauge steel sections, square steel tubing, deck plating, guard fencing, soundproof wall products, civil 易游体育app官网入口ineering products, foundation piles, disaster prevention products, designed steel sheeting, Beatty products, poles, NITTEX™, etc. Manufacturing and sales of guard fencing, soundproof wall products, landscaping products, grating, disaster prevention products, structural 易游体育app官网入口mbers, etc.
3）Date of establish易游体育app官网入口t April 20, 1973 September 1, 1949
4）Location of Head office 4-14-1 Sotokanda, Chiyoda-ku, Tokyo Japan 46 Marushima-cho, Amagasaki-shi, Hyogo Japan
5）Repres易游体育app官网入口tative director Tomoaki Nakagawa (Presid易游体育app官网入口t & Repres易游体育app官网入口tative Director) Kan Kudo (Presid易游体育app官网入口t & Repres易游体育app官网入口tative Director)
6）Capital 5,912 million y易游体育app官网入口 3,501 million y易游体育app官网入口
7）Major shareholders and its sharehold易游体育app官网入口g ratio Nippon Steel Corporation　100% 易游体育app官网入口 Steel, Ltd.　96.8%
Sh易游体育app官网入口sho Corporation　2.7%

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