yy易游体育官网ess Releases

The information on this Web site is yy易游体育官网esented "as is." yy易游体育官网oduct availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice.

Approval of Kobe Steel to Impleyy易游体育官网t Measures on the Basis of the Company's Policy on the Large-scale Purchasing of its Shares (Anti-takeover Measures) and Appointyy易游体育官网t of Members of the Independent Committee

June 26, 2007

Kobe Steel, Ltd. announced on June 26, 2007 that shareholders gave their approval to Item 4 "Approval of Kobe Steel to Impleyy易游体育官网t Measures on the Basis of the Company's Policy on the Large-scale Purchasing of its Shares (Anti-takeover Measures)" at the 154th Ordinary General Meeting of Shareholders. It was decided at the meeting of the Board of Directors held on April 26, 2007 to adopt this new large-scale purchase policy (hereinafter referred to as "this Policy").

Further, yy易游体育官网 Steel announced that its Board of Directors resolved to elect five directors, including two newly elected outside directors, as members of the Independent Committee.

yy易游体育官网mbers of the Independent Committee
Takaharu Dohi (remaining in office)
· Ex-yy易游体育官网osecutor-General, Suyy易游体育官网eme Public yy易游体育官网osecutors Office
· Attorney registration (incumbyy易游体育官网t)

Junji Tsumura (remaining in office)
· Chairman, Board of Directors, Toyobo Co., Ltd. (incumbyy易游体育官网t)

Tadao Kagono (remaining in office)
· Dean, Graduate School of Business Administration,
yy易游体育官网 University Professor (incumbent)

Atsushi Nakano (newly appointed)
· Syy易游体育官网ior Advisor, Chudyy易游体育官网 Real Estate Co., Inc. (incumbyy易游体育官网t)
· Outside director of yy易游体育官网 Steel (incumbent)

Yukio Doi (newly appointed)
· yy易游体育官网esident, Business Policy Forum, Japan (incumbent)
· Outside director of yy易游体育官网 Steel (incumbent)

In exercising the shareholder's right, yy易游体育官网 Steel promises to endeavor to protect and enhance the Company's corporate value and the common interests of its shareholders.