Correction to October 11 news release “Report on improper conduct: the case of steel powder and an inspection company”

At this time, we once again deeply apologize for the enormous amount of trouble we have caused to customers, suppliers, shareholders and many others concerning the improper conduct in Kobe Steel, Ltd. and its group companies.

Kobe Steel issued the abovementioned news release on October 11. However, it makes a correction to the contents as noted below.

Production location appearing in the section entitled "Nonconforming product 2"

Takasago Works, Sputtering Target Business, Kobelco Research Institute, Inc.

Sputtering Target Business, Kobelco Research Institute