May 27, 2015

Company name: Nippon Steel & Sumitomo Metal Corporation Representative: Kosei Shindo, Representative Director and President Code number: 5401

Contact: Nozomu Takahashi, General Manager, Public Relations Center

Generation of Extraordinary Profit Resulting from Exercise of SUMCO Class Stock Put Option and Secondary Offering of a Portion of SUMCO Common Stock

Concerning the "Announcement regarding the Exercise of Put Option of SUMCO Class Stock and a Schedule of Secondary Offering of a Portion of SUMCO Common Stock" released on March 3,
2015, Nippon Steel & Sumitomo Metal Corporation (the "Company") exercised all of the put options attached to Class A Stock of SUMCO Corporation (listed on the Tokyo Stock Exchange First Section, Code: 3436) held by the Company, the consideration for which was cash and Class B Stock, on May 11, 2015. On the same day, the Company also agreed to SUMCO's acquisition of all Class B Stock issued to the Company upon the exercise of such put options. As a result, all class stock, other than common stock, of SUMCO held by the Company has been acquired by SUMCO.
In addition, the Company completed the sale of 17,766,800 shares out of all common stock of
SUMCO held by the Company, through a secondary offering as of May 27, 2015.
As a result, with regard to the consolidated financial and operating results of the first quarter (April to June) of fiscal 2015 of the Company, the Company estimates that the above transactions will generate an extraordinary profit of approximately 33 billion yen, and will have an impact of approximately 50 billion yen on its consolidated cash flow.
The Company will disclose its financial and operating forecast for fiscal 2015 as soon as it can be reasonably determined.
For more information, please contact:
Public Relations Center, General Administration Division
TEL: +81-3-6867-2135, 2146, 2977, 5807

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