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M&A and Subsidiary Changes8031MITSUI & CO.,LTD.Trading & Wholesale

(Progress Update) Partial Sale of Interests in Onshore Oil and Gas Field Operations in Oman

Mitsui & Co. is pursuing a transaction to sell interests in onshore oil and gas fields in Oman. As obtaining approvals and permits from the relevant authorities and satisfying other conditions precedent are taking longer than expected, completion is no longer expected during the fiscal year ending March 2026. Although completion will be delayed, Mitsui & Co. continues to seek early completion.

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This transaction

Partial Sale of Interests in Onshore Oil and Gas Field Operations in Oman
CounterpartyKistos Energy Middle East Limited
Disclosing companyMITSUI & CO.,LTD.
Subject of this transaction
Execution Date / Effective DateThe outlook has changed from completion during the fiscal year ending March 2026 to no completion during that period. New completion date: Not disclosed.
Impact on Business Performance

The impact on earnings will be finalized after reviewing the amount and timing of the gain or loss to be recognized in connection with this transaction.

Procedures and assumptions
Conditions Precedent to ExecutionSatisfaction of certain conditions precedent, including approval by the relevant authorities.
This transaction
ItemDetails
Transaction namePartial Sale of Interests in Onshore Oil and Gas Field Operations in Oman
Counterparty nameKistos Energy Middle East Limited
Impact on Business PerformanceThe impact on earnings will be finalized after reviewing the amount and timing of the gain or loss to be recognized in connection with this transaction.
Execution Date / Effective DateThe outlook has changed from completion during the fiscal year ending March 2026 to no completion during that period. New completion date: Not disclosed.
Conditions Precedent to ExecutionSatisfaction of certain conditions precedent, including approval by the relevant authorities.
Items this document does not state (27)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Satisfying conditions precedent, including obtaining approvals and permits from the relevant authorities, is taking longer than expected.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Progress Update) Partial Sale of Interests in Onshore Oil and Gas Field Operations in Oman | MITSUI & CO.,LTD. (8031) timely disclosure | Komori