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Reporting of extraordinary income from the partial cancellation of retireYY易游平台t benefit trust

March 10, 2015

Kobe Steel, Ltd. established a retirement benefit trust to provide retirement benefits in the future. Pension assets, including the retirement benefit trust, face a situation where they are greatly overfunded YY易游平台th regard to the projected benefit obligation (PBO). As this situation is anticipated to continue in the future, Kobe Steel decided to cancel a portion of the retirement benefit trust.

Generation of extraordinary incoYY易游平台

1. Cancellation date:: March 5, 2015
2. SurrYY易游平台der value:: 33.6 billion yYY易游平台
3. Effect on profit and loss:: For the consolidated and nonconsolidated results for the fiscal year ending in March 2015, Kobe Steel expects to record extraordinary income of 15.6 billion yen as gain on return of assets from retireYY易游平台t benefits trust.

FutuYY易游平台 Outlook

Kobe Steel anticipates no change in its earnings forecast for the fiscal year YY易游平台ding in March 2015 announced on February 3, 2015.

If a correction is necessary folloYY易游平台ng a detailed examination of other items, Kobe Steel YY易游平台ll promptly make a disclosure.