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  November 10, 2006

  Notification of Acquisition of Treasury Shares
(Acquisition of treasury shares pursuant to the Articles of Incorporation
and the provisions of Article 165:2 of the Companies Law)


Name of company: JFE Holdings, Inc.
Representative:   Fumio Sudo, President and CEO
Listings:   Tokyo, Osaka and Nagoya stock exchanges in Japan
Code number:   5411
Contact:   Shuichiro Hayashi, Manager,
Public Relations Sec., General Administration Dept.
Tel: +81-3-3217-4030

TOKYO – The Board of Directors of JFE Holdings, Inc., meeting today, resolved to acquire treasury shares pursuant to Article 156 of the Companies Law as applied mutatis mutandis to Article 165:3 of the law.


1. Reason for acquisition of treasury shares:
To enable implementation of more dynamic capital policies in response to changing business environments.
2. Details of acquisition
Class of shares to be acquired:   Common stock
Number of shares to be acquired:   30 million shares (maximum)
(5.11 percent of total issued and outstanding shares)
Total acquisition price:   120 billion yen (maximum)
Acquisition period:   From November 13, 2006 to June 30, 2007

(Reference) Treasury Shareholdings as of September 30, 2006

Total issued and outstanding shares (excluding treasury shares) 585,397,375 shares
Treasury shares 1,840,861 shares
For further information, please contact:

Mr. Shinji Okutsu
Public Relations, General Administration and Legal Division
JFE Holdings, Inc.
Tel: +81-3-3217-4030


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