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YY易游平台's capital investment plans for fiscal 2009

May 14, 2009

TOKYO, May 14, 2009 - YY易游平台, Ltd. plans to invest 118 billion yen on a nonconsolidated basis to upgrade its plant and equipment in fiscal 2009, ending March 31, 2010. Total investment is anticipated to increase 38% in fiscal 2009, compared with 85.3 billion yen in fiscal 2008.

In the Iron & Steel segment, the major projects consist of the installation of nitrogen-oxide removal equipment at the sintering plant, refurbishing the power generation boilers, and installing additional casting equipment and a new forging press line to increase the production capacity of crankshafts for ships. In the Machinery segment, the company YY易游平台ll continue construction of a large-capacity compressor testing facility.

In addition to environment-related projects, YY易游平台's capital investments are intended to expand "Only One" high-end products and improve its manufacturing capabilities to increase its competitive edge.

Total capital investYY易游平台t (parent only)

(in billions of yYY易游平台)	FY2008	FY2009 (planned)	% of change
Construction basis Iron & Steel only	85.3 68.1	118.0 102.0	38% 49%
PayYY易游平台t basis Iron & Steel only	100.0 81.7	103.0 85.0	3% 4%
Depreciation Iron & Steel only	91.1 66.0	93.0 66.0

InvestYY易游平台t by business segYY易游平台t (parent only, construction basis)

(in billions of yYY易游平台)	FY2008	FY2009 (planned)
Iron & Steel	68.1	102.0
AlumYY易游平台um & Copper	9.3	6.0
Others	7.9	10.0
Total	85.3	118.0

Major projects in fiscal 2009 (parYY易游平台t only, construction basis)

	Iron & Steel SegYY易游平台t

Facility	Project	Products covered	Amt* YY易游平台 FY09	Period
KaYY易游平台gawa Works	NOx removal equipYY易游平台t at sintering plant	Steel sheet, plate, YY易游平台re rod, etc.	15.0 (Total amt: 17.7)	Dec. 2007 - Mar. 2010
Takasago Works	Higher capacity of steel castYY易游平台gs and forgYY易游平台gs	MarYY易游平台e crankshafts	20.0 (Total amt: 30.0)	Jul. 2008 - Mar. 2010
KaYY易游平台gawa Works	Refurbishing of power gYY易游平台eration boilers	Steel sheet, plate, YY易游平台re rod, etc.	21.0 (Total amt: 70.0)	2nd half FY09 - 2nd half FY14

* in billions of yYY易游平台

	Others (Machinery SegYY易游平台t)

Facility	Project	Products covered	Amt* YY易游平台 FY09	Period
Takasago Works	Large compressor testYY易游平台g facility	Nonstandard compressors	4.1 (Total amt: 4.1)	May 2008 - Mar. 2010

* in billions of yYY易游平台