Notice Concerning the Conclusion of Agreement of Company Split

Sumitomo Corporation Global Metals hereby announces that it has resolved at its meeting of the Board of Directors held today that it will conclude an agreement on an absorption-type company split with Sumitomo Corporation, which is scheduled to come into effect on April 1, 2018.

This company split will entail appropriate transfer of authorities from Sumitomo Corporation, and on the business platform that Sumitomo Corporation has established its strong relationship with various customers and partners, Sumitomo Corporation Global Metals will establish an organization that will speed up its business management and leverage diverse human resources. By establishing an agile organization that can flexibly respond to the changes that surrounds the metal business, Sumitomo Corporation Global Metals seeks to provide customers with further added values.

Please visit Sumitomo Corporation’s website from the following URL for the details of this notice. https://www.sumitomocorp.co.jp/english/news/

For further information, please contact: https://www.scgm.co.jp/eng/contact/