AWE : Mitsui offer extended

1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, 100-8631, Japan

18 April 2018

Mitsui extends the offer period for its unconditional recommended cash takeover offer for AWE

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) announces today that it has extended the Offer Period for its unconditional recommended cash takeover offer for AWE Limited ("AWE") (the "Offer") so that it will now close at 7:00pm (Sydney time) on 2 May 2018.

Mitsui currently has an interest of 93.19% in AWE shares.

Given Mitsui has an interest of more than 90% in AWE shares it intends to proceed with the compulsory acquisition of outstanding AWE shares1.

Remaining AWE shareholders are strongly encouraged to accept the Offer prior to the end of the Offer Period, as shareholders that do accept will receive their consideration within 7 business days of their valid acceptance being received, a faster timeframe than that under compulsory acquisition.

A further announcement regarding Mitsui's compulsory acquisition of outstanding AWE shares will be made at a later date.

For further information regarding the Offer, including details on how to accept, please refer to the Bidder's Statement dated 9 February 2018 which was sent to AWE shareholders and is available on the ASX or at the Offer's website(https://events.miraqle.com/Mitsui-Takeover/). Personalised Acceptance Forms can also be downloaded from this website. AWE shareholders can also call the Mitsui Offer Information Line on 1800 095 654 (toll free Australia) or +61 1800 095 654 (for international callers) if they require further information or assistance.

ENDS

For media enquiries, please contact:

Peter Brookes (M: +61 407 911 389) or Yvonne Ball (M: +61 448 232 398). Citadel-MAGNUS (on behalf of Mitsui), Perth: +61 8 6160 4900, Sydney: +61 2 8234 0100

1 in accordance with Part 6A.1 of the Corporations Act