November 8, 2001
Kawasaki Steel Corporation
NKK Corporation

Fair Trade Commission Approves Kawasaki Steel-NKK Consolidation

   The Japan Fair Trade Commission (JFTC) today affirmed that the consolidation of Kawasaki Steel Corporation and NKK Corporation, including their group companies, does not violate Japan's Antimonopoly Law.

   Both companies deeply appreciate the JFTC's prompt action to reach this decision. Kawasaki Steel and NKK have been in joint discussions with the JFTC since the companies reached a basic agreement on April 13 to consolidate their entire operations, subject to approval by regulatory authorities and shareholders.

   Kawasaki Steel and NKK will exert their efforts to proceed with the smooth consolidation.

For further information, please contact:
  Public Relations Department, Kawasaki Steel Corporation
  Tel: +81-3-3597-3161
    Public Relations Department, NKK Corporation
  Tel: +81-3-3217-2140


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