Mitsubishi & Co., Ltd. (“Mitsubishi”, head office: Tokyo, President and CEO: Kenichi Hori) previously announced the signing of a heads of agreement with AMB Holdings Pty Ltd (“AMB”) to acquire a 15% interest in the Rhodes Ridge iron ore project in Australia (“Rhodes Ridge”) in the release “Acquisition of Interest in Rhodes Ridge Iron Ore Project in Australia” dated February 19, 2025. Mitsubishi now announces that today a definitive sale and purchase agreement with AMB has been signed to acquire a 15% interest in Rhodes Ridge. There is no change to the acquisition price announced on February 19, 2025 of 2,003 million USD (approximately 300 billion JPY) including stamp duty. The acquisition is planned to be completed within FY March 2026, after the fulfillment of conditions precedent, including obtaining the necessary approvals from relevant authorities.

The impact of this acquisition on Mitsubishi’s consolidated financial results for FY March 2025 is expected to be minor.