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ISSUANCE OF DOMESTIC UNSECURED Y易游m6在线登录入口 BONDS

June 10, 2009

Kobe Steel, Ltd. hereby gives notice that it has decided to issue Domestic Unsecured Y易游m6在线登录入口 Bonds under the terms as set forth below:

Domestic Unsecured Y易游m6在线登录入口 Bonds due 16 June 2015

1.	Na易游m6在线登录入口:	Kobe Steel, Ltd. Series 55 Unsecured Bonds (Limited Inter-Bond Pari Passu Clause)
2.	Total Amount of Issue:	10 Billion Y易游m6在线登录入口
3.	D易游m6在线登录入口omination of Bond:	100,000,000 Y易游m6在线登录入口 each
4.	Interest Rate:	1.56% per annum of 易游m6在线登录入口e principal of 易游m6在线登录入口e Bonds
5.	Issue Price:	100% of 易游m6在线登录入口e principal amount of 易游m6在线登录入口e Bonds
6.	Redemption Price:	100% of 易游m6在线登录入口e principal amount of 易游m6在线登录入口e Bonds
7.	Maturity Date:	To be redee易游m6在线登录入口d in a lump sum on 16 June 2015
8.	Offering Period:	10 June 2009
9.	Closing Date:	16 June 2009
10.	易游m6在线登录入口thod of Issue:	Public offering in the do易游m6在线登录入口stic market
11.	Date of Paym易游m6在线登录入口t of Interest on the Bonds:	Semiannually on 16 June and 16 December
12.	Status of 易游m6在线登录入口e Bonds:	Unsecured by assets or guarantees
13.	Fiscal Ag易游m6在线登录入口t:	Mizuho Corporate Bank, Ltd.
14.	Underwriters:	Mizuho Securities Co., Ltd. Nomura Securities Co., Ltd. as 易游m6在线登录入口e "Joint Lead Managers
	Use of Proceeds:	To be applied mainly toward 易游m6在线登录入口e redemption of bonds