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Kobe Steel announces simple- and short-form merger of consolidated subsidiary through absorption

April 28, 2010

Kobe Steel, Ltd. announced today that at its Board of Directors' meeting convened on April 28, 2010 it had passed a resolution to effect an absorption-type merger of its wholly-owned subsidiary Shinko Taseto Co., Ltd.

1. Purpose of the Merger

The principal activity of Shinko Taseto Co., Ltd., a wholly-owned subsidiary, is the manufacture of stainless steel welding consumables. Merging Shinko Taseto into Kobe Steel's Welding Business will integrate operations by improving business efficiency, facilitating communication, and maintaining stable profits.

Profile of Shinko Taseto (as of March 31, 2010)

Company name:		Shinko Taseto Co., Ltd.
President:		Yukinobu Matsushita
Capital:		175 million yen
Sales:		5,708 million yen (fiscal 2009)

2. Schedule for the Merger

Resolution at Board of Directors' meeting:		April 28, 2010
Signing of agreement:		April 28, 2010
Effective date (date of merger):		October 1, 2010

3. Effect on Kobe Steel's Business Results

This merger will have no effect on the consolidated business results of Kobe Steel, Ltd. as Kobe Steel will effect an absorption-type merger of a wholly owned subsidiary.