March 28, 2019

Nippon Steel & Sumitomo Metal Corporation

Sanyo Special Steel Co., Ltd.

Regarding the Completion to Make Sanyo Special Steel Co., Ltd. a Subsidiary

of Nippon Steel & Sumitomo Metal Corporation and Other Matters

Today, Nippon Steel & Sumitomo Metal Corporation ("NSSMC") completed the procedures to

acquire 51% of the common shares of Sanyo Special Steel Co., Ltd. ("Sanyo Special Steel") and

made the company a subsidiary of NSSMC. On the same day, Sanyo Special Steel acquired all

shares of Ovako AB, a manufacturer of special steel the headquarters of which is located in Sweden,

from NSSMC and made Ovako a wholly-owned subsidiary.

(For Inquiries)

Nippon Steel & Sumitomo Metal Corporation, Public Relations Center: Tel. +81-3-6867-2135, 2146, 2977, 3419

Sanyo Special Steel Co., Ltd., General Administration Department: Tel. +81-79-235-6003

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Nippon Steel & Sumitomo Metal Corporation published this content on 28 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2019 06:44:09 UTC