Notice Concerning Shelf Registration for Issuance of Stock Acquisition Rights

Sumitomo Metal Industries, Ltd. (Sumitomo Metals) has decided to file another shelf registration for issuance of stock acquisition rights, based on its "Continuation of Policy Toward Large-scale Purchases of Sumitomo Metals Shares (Anti-takeover Defense Plan)," that was approved at a meeting of the Board of Directors held today.

 

1. Type of Securities:	Stock acquisition rights
2. Schedued issuance period:	Until the date 2 years after the scheduled effective date of the shelf registration (April 7, 2012 to April 6, 2014)
3. Method of Allotment:	Allotment of stock acquisition rights without contribution
4. Allowable Issuance Amount:	5 billion yen
	(Aggregate of (i) total issue price of the stock acquisition rights (zero yen) and (ii) total amount to be paid upon exercise of the stock acquisition rights)

As of today, Sumitomo Metals has withdrawn the registration for issuance (valid until April 13, 2012) by way of the filing that was submitted on April 6, 2010 based on prior and existing countermeasures against a large-scale purchase of Sumitomo Metals shares.

For details regarding the "Anti-takeover Defense Plan," please refer to the news release entitled "Sumitomo Metals Announces the Continuation of Policy Toward Large-scale Purchases of Sumitomo Metals Shares (Anti-takeover Defense Plan)," issued on March 30, 2012 and available on the company’s website （http://www.sumitomometals.co.jp/e/).

Sumitomo Metals plans to merge with Nippon Steel Corporation on the effective date of October 1st, 2012 (Please refer to the press release, “Execution of Master Integration Agreement between Nippon Steel Corporation and Sumitomo Metal Industries, Ltd.” issued on September 22nd, 2011, for details of the merger). In case such merger takes effect, then Sumitomo Metals will withdraw the registration.