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A$200,000,000 Commercial Paper Programme
Mitsui & Co. Financial Services (Australia) Ltd. ("MFSA") is a wholly owned subsidiary of Mitsui & Co. (Australia) Ltd., ("MCA") and ultimately a wholly owned subsidiary of Mitsui & Co., Ltd. in Japan. The principal activity of MFSA is a finance company for the Mitsui group in Australia.

This programme has been rated A-2 by Standard & Poor’s.

Issuer:
Mitsui & Co. Financial Services (Australia ) Ltd. ("MFSA")

Guarantor:
Mitsui & Co. (Australia ) Ltd. ("MCA")

Programme Arranger & Manager:
National Australia Bank Limited ("National")

Dealers:
Australia and New Zealand Banking Group Limited.
Commonwealth Bank of Australia Limited.
National Australia Bank Limited.

Notes:
Promisory Notes as defined in the Bills of Exchange Act 1909 issued in bearer form drawn by the Issuer.

Programme Type:
A non-underwritten Commercial Paper Programme enabling MFSA to issue Notes.

Programme Amount:
Two hundred million Australian dollars (A$200,000,000) or such other amount which may be agreed by the Issuer and the Dealers.

Termination Date:
The Programme will have a perpetual term but will be cancelable at MFSA’s discretion upon 30 days written notice to the Programme Manager.

Use of Proceeds:
The net proceeds of any securities issued under the terms of the Programme will be used for general Corporate funding purposes. Issuing and Paying (‘I & P’) Agent:
National.

Guarantee:
The payment obligations of the Issuer in respect of the Notes are irrevocably guaranteed by MCA.

Credit Rating:
The Programme has been assigned a short term rating of A-2 by Standard & Poor’s.

Tenor:
Notes will be issued with a minimum tenor of  7 days and a maximum tenor of 364 days.

Denomination:
Notes will be issued in denominations of A$500,000, A$1,000,000 or such other amount as agreed between the Issuer and the Dealers so long as the minimum amount issued will be A$500,000 enabling the Programme to be an excluded issue.

Status of Notes:
The Notes rank at least equally with all other unsecured and unsubordinated indebtedness of the Issuer except liabilities mandatorily preferred by law.

Governing Law:
Laws of the State of New South Wales.

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