Press Release
March 14, 2002

NKK Corporation    
Kawasaki Steel Corporation    

Comment on Negotiations with ThyssenKrupp Steel
Regarding Possible Strategic Alliance


TOKYO - NKK Corporation and Kawasaki Steel Corporation, responding to media reports appearing today, announced that they have not reached any basic agreement with ThyssenKrupp Steel AG in ongoing negotiations regarding a possible global strategic collaboration.

The companies previously announced that they had entered into discussions on April 23, 2001. Presently, the discussions are focused on collaboration mainly in the field of automotive steel.


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

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