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ISSUANCE OF DOMESTIC UNSECURED YEN BONDS

June 10, 2009

Kobe Steel, Ltd. hereby gives notice that it has decided to issue Domestic Unsecured Yen Bonds under the terms as set forth below:

Domestic Unsecured Yen Bonds due 16 June 2015

1.	Name:	Kobe Steel, Ltd. Series 55 Unsecured Bonds (Limited Inter-Bond Pari Passu Clause)
2.	Total Amount of Issue:	10 Billion Yen
3.	Denomination of Bond:	100,000,000 Yen each
4.	Interest Rate:	1.56% per annum of the principal of the Bonds
5.	Issue Price:	100% of the principal amount of the Bonds
6.	Redemption Price:	100% of the principal amount of the Bonds
7.	Maturity Date:	To be redeemed in a lump sum on 16 June 2015
8.	Offering Period:	10 June 2009
9.	Closing Date:	16 June 2009
10.	Method of Issue:	Public offering in the domestic market
11.	Date of Payment of Interest on the Bonds:	Semiannually on 16 June and 16 December
12.	Status of the Bonds:	Unsecured by assets or guarantees
13.	Fiscal Agent:	Mizuho Corporate Bank, Ltd.
14.	Underwriters:	Mizuho Securities Co., Ltd. Nomura Securities Co., Ltd. as the "Joint Lead Managers
	Use of Proceeds:	To be applied mainly toward the redemption of bonds