Aug.26, 2015
Nippon Steel & Sumitomo Metal Corporation

Notice Regarding Change in Ratio of American Depositary Receipts

(ADRs) to Underlying Shares

Nippon Steel & Sumitomo Metal Corporation ("NSSMC") hereby announces that the exchange ratio of underlying shares to American Depositary Receipts ("ADRs") for its sponsored ADR program shall be changed in conjunction with a share consolidation scheduled to take effect on October 1, 2015.
1. Objective of Change
NSSMC plans to carry out the share consolidation at the ratio of 10 shares to 1 share effective October 1, 2015. According to it, NSSMC intends to change the exchange ratio from 1
ADR to 10 underlying shares to a new ratio of 1 ADR to 1 underlying share so that the current
ADR investment unit price levels will not be affected by the share consolidation.
2. Outline of Change in Ratio of ADRs to Underlying Shares

(1)

Current Ratio :

1 ADR = 10 Underlying Shares

(2)

New Ratio :

1 ADR = 1 Underlying Share

(3)

Effective Date of New Ratio :

October 1, 2015, U.S. (Scheduled)

(4)

Trading Market :

OTC = Over The Counter

(5)

Ticker Symbol :

NSSMY

(6)

CUSIP Number :

65461T101

(7)

Depositary Bank :

JPMorgan Chase Bank, N.A.

3. Contact for Inquiries regarding NSSMC's ADR Program
JPMorgan Service Center
P.O. Box 64504
St. Paul, MN 55164-0504, U.S.A.
TEL: 1-800-990-1135 (toll free within the U.S.) TEL: +1-651-453-2128 (outside the U.S.)
E-mail: jpmorgan.adr@wellsfargo.com
URL: https://www.adr.com/Home/Index

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