Sumitomo Metal Mining : FY2017 Capital Expenditure and Total Investment Plans Announced

Press Release

May 11, 2017

Sumitomo Metal Mining Co., Ltd.

FY2017 Capital Expenditure and Total Investment Plans Announced

Sumitomo Metal Mining Co., Ltd. (SMM) has announced plans to undertake a total of 73.6 billion yen in investments, including capital expenditures, on a groupwide basis during the 2017 fiscal year (April 1, 2017 - March 31, 2018). The total represents a 51.1% decrease from the level of FY2016. A breakdown by business segment is shown below.

(Unit: billion yen)

FY2016 (actual)	FY2017 (current forecast)
	First half	Second half	Total
Mineral Resources	4.4	6.4	6.4	12.8
Smelting & Refining	10.9	13.2	14.2	27.4
Materials	18.8	15.3	14.5	29.8
Others	4.2	1.2	2.4	3.6
Total capex	38.3	36.1	37.5	73.6
Investments in overseas mineral resources & non-ferrous metals projects*	112.0	－	－	－
Total	150.3	36.1	37.5	73.6

(Depreciation) (43.9) (23.5) (24.6) (48.1)

*Interest base

The following large-scale outlays are scheduled on a consolidated basis in FY2017:

1. Expansion of lithium nickel oxide production: 17.5 billion yen (total outlay: 18 billion yen)

2. Expansion of lithium tantalate and lithium niobate substrates production:

   2.0 billion yen (total outlay: 13.5 billion yen)

3. Scandium Recovery Business: 3.5 billion yen (total outlay: 4.0 billion yen)

4. Development of newly confirmed ore body at Hishikari Mine: 0.5 billion yen (total outlay: 3.2 billion yen)

Address inquiries concerning this Press Release to:

Sumitomo Metal Mining Co., Ltd.

Hidenobu Tasaki, Public Relations & Investor Relations Department TEL: [phone]