To whom it may concern:

March 27th, 2017

Company: Sumitomo Corporation Representative: Kuniharu Nakamura, President and CEO Code No. 8053 Tokyo Stock Exchange (TSE), 1st Section

Inquiries: Kenji Shinmori,

General Manager Corporate Communications Dept.

(TEL 03-5166-3100)

Sumitomo Corporation to acquire shares of Sumitomo Precision Products Co., Ltd.

Sumitomo Corporation (Chuo-ku, Tokyo; President and CEO: Kuniharu Nakamura; hereinafter, Sumitomo) hereby announces its plan to acquire shares in Sumitomo Precision Products Co., Ltd. (Amagasaki, Hyogo; President: Shinichi Miki; hereinafter "SPP") on March 27, 2017 from Nippon Steel & Sumitomo Metal Corporation (Chiyoda-ku, Tokyo; Representative Director & President: Kosei Shindo; hereinafter, NSSMC) as detailed below. Sumitomo will be the largest shareholder of SPP with 27.75% of its share.

Sumitomo and its group companies have maintained a business relationship with SPP for many years, with transactions ranging from the sales of aircraft equipment, components and equipment of heat exchanger to the export of LNG vaporizers. In taking this opportunity for additional investment in SPP, Sumitomo contributes to the maximization of SPP's corporate value.

Sumitomo is also planning to have a capital and business tie-up contract with SPP to enhance their partnership in each business area.

Seller

：

Nippon Steel & Sumitomo Metal Corporation

Number of shares to be acquired

：

13,745,441

Date of acquisition

：

April 27, 2017

Stake in SPP before the share acquisition

：

1.67%

Stake in SPP after the share acquisition

：

27.75%

Amount of acquisition:

：

5.2 billion yen

Sumitomo Corporation published this content on 27 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 March 2017 06:39:02 UTC.

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