Paid-in Capital and Shares Issued

Paid-in Capital and Shares Issued

Date Increase Capital Paid-in capital Newly issued shares Total shares issued Notes
Sept. 27, 2002 100 billion Yen

100
Shares

574,733,051
Shares

574,733,051
Establishment
Oct. 1, 2003 - 100 4,785,876 579,518,927 Stock-for-stock exchange with Kawatetsu Galvanizing Co., Ltd. and Tokyo Shearing Co., Ltd
Feb. 1, 2004 - 100 6,845,377 586,364,304 Stock-for-stock exchange with JFE Koken Corporation
Mar. 1, 2004 - 100 870,974 587,235,278 Stock-for-stock exchange with JFE Metal Products & Engineering Inc.
Apr. 1, 2006 -
Mar. 31, 2007
42 142 24,428,384 611,663,662 Exercise of Conversion Rights of Convertible Bonds
Apr. 1, 2007 -
Mar. 31, 2008
4 147 2,774,737 614,438,399 Exercise of Conversion Rights of Convertible Bonds

Notes:
1.Shares include treasury stock, stock held by subsidiaries, mutually held stock and odd stock.
The totals are different from those used for the denominator to calculate BPS, EPS and voting rights ratios.