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Notice on the Sale of Shares
April 14, 2010
1. Contents of Sale of Shares
(1) No. of shares to be sold: | Kobe Steel intends to sell all 2,240 shares it holds in KEMEL (35% of total issued shares). As a result, Kobe Steel will have 0 shares in KEMEL after the sale. |
(2) Value of sale: | 3.29 billion yen |
(3) Buyer of the shares: | Eagle Industry Co., Ltd. |
(4) Date of sale: | Planned for May 10, 2010 |
2. Effect on Kobe Steel's Business Results
As a result of the sale of shares, Kobe Steel is anticipated to record a gain on sale of securities amounting to 2.2 billion yen on a consolidated basis for fiscal 2010, ending in March 2011.
(The sale of shares will have no effect on Kobe Steel's business results for fiscal 2009, ended in March 2010.)