July 30, 2007
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

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)

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:20 million shares (maximum)
(3.26 percent of total issued and outstanding shares)
Total acquisition price:120 billion yen (maximum)
Acquisition period:From July 31, 2007 to December 28, 2007

(Reference) Treasury Shareholdings as of June 30, 2007

Total issued and outstanding shares (excluding treasury shares)590,252,776 shares
Treasury shares22,653,304 shares