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Notice of Right to Exercise Call Option on JPY30 billion Zero Coupon Convertible Bonds due 2006
October 17, 2005
TOKYO, 17 October, 2005 -- Kobe Steel, Ltd. (the "Company") hereby gives notice that the right to exercise a 130% call option to redeem JPY30 billion Zero Coupon Convertible Bonds issued on 2 February, 2004 has arisen today. The bonds were due to run to term in 2006, and may be redeemed at their principal value.
It is yet undecided whether the Company will exercise the option.
The bonds in question have been listed on the London Stock Exchange.
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