Metal One Corporation

February 25, 2008

Announcement on Board of Directors

Metal One Corporation (headquartered in Minato-ku, Tokyo; president: Moriji Kanada) hereby announces its new executive officers:

1. New Executive Officers (Effective from April 1, 2008)

Name	New position	Present position
Hiromi Fujikawa	Executive Officer Division COO (Steel Products for Energy Industries Division)	Division COO (Steel Products for Energy Industries Division)
Takeshi Sakasai	Executive Officer CIO; Corporate Functional Officer (Human Resources, Corporate Social Responsibility, General Affairs, IT); General Manager (Human Resources Department)	General Manager (Wire & Specialty Steel Department)

2. Promoted Executive Officers (Effective from April 1, 2008)

Name	New position	Present position
Tetsuro Nagai	Senior Executive Vice President Corporate Supervising Officer (CFO, Corporate Administration)	Managing Executive Officer Corporate Supervising Officer (CFO, Corporate Administration)
Naoto Matsuoka	Senior Managing Executive Officer Group COO; Division COO (Steel Plate, Tube & Construction Materials Division)	Managing Executive Officer Group COO (Steel Plate, Tube & Construction Materials Division, International Steel Operation Division); Division COO (Steel Plate, Tube & Construction Materials Division)
Saburo Takada	Managing Executive Officer Group COO; Division COO (Stainless Steel Division)	Executive Officer CIO; Corporate Functional Officer (Corporate Social Responsibility, General Affairs, IT); Division COO (Stainless Steel Division)
Terumitsu Kiba	Managing Executive Officer Corporate Supervising Officer (Business Development, Corporate Planning, Regional Strategy & Coordination, CISO)	Executive Officer Corporate Functional Officer (Business Development, Corporate Planning, Human Resources, CISO)

3. Newly Assigned Responsibilities of Executive Officers (Effective from April 1, 2008)

Name	New position	Present position
Shinichi Tateno	Senior Executive Vice President, Director Senior Assistant to the President	Senior Executive Vice President, Director Senior Assistant to the President; Corporate Supervising Officer (Business Development, Corporate Planning, Human Resources, Domestic & Overseas); Group COO (Wire & Specialty Steel Division)
Saburo Takada	Managing Executive Officer Group COO; Division COO (Stainless Steel Division)	Executive Officer CIO; Corporate Functional Officer (Corporate Social Responsibility, General Affairs, IT); Division COO (Stainless Steel Division)
Terumitsu Kiba	Managing Executive Officer Corporate Supervising Officer (Business Development, Corporate Planning, Regional Strategy & Coordination, CISO)	Executive Officer Corporate Functional Officer (Business Development, Corporate Planning, Human Resources, CISO)

4. Resigning Executive Officers (Effective on March 31, 2008)

Name	Present position
Minetsugu Takeda	Senior Executive Vice President, Director Group COO (Steel Sheet Products, Automotive Steel Products Business Division, Stainless Steel Division, Steel Products for Energy Industries Division)
Shiro Ueno	Executive Officer Assistant to the President (Special Projects)

5. Reappointed Executive Officers (Effective on April 1, 2008)

President, Director	Moriji Kanada
Senior Executive Vice President, Director	Shinichi Tateno
Senior Executive Vice President	Tetsuro Nagai
Senior Managing Executive Officer	Naoto Matsuoka
Managing Executive Officer	Yoshiharu Harima, Saburo Takada, Terumitsu Kiba
Executive Officer	Minori Nakamura, Ryoji Shinohe, Masakazu Okamura, Tetsuo Suzuki, Mikio Kinoshita

[Reference]

Executive Officers (Effective from April 1, 2008)

A. Directors

Position	Name
President, Director	Moriji Kanada
Senior Executive Vice President, Director	Shinichi Tateno
Director	Ichiro Mizuno (Senior Executive Vice President, Mitsubishi Corporation)
Director	Mutsumi Kotsuka (Executive Vice President, Mitsubishi Corporation)
Director	Hiroyuki Tanabe (Executive Vice President, Sojitz Corporation)

B. Corporate Auditors

Position	Name
Corporate Auditor	Masahiro Nakano
Corporate Auditor	Kazuya Kawaguchi (Group Controller [Metals Group], Mitsubishi Corporation)
Corporate Auditor)	Yoji Sato (Director, Senior Managing Executive Officer, Sojitz Corporation)

C. Executive Officers

Position	Name
President, Director	Moriji Kanada (Chief Compliance Officer)
Senior Executive Vice President, Director	Shinichi Tateno (Senior Assistant to the President)
Senior Executive Vice President	Tetsuro Nagai (Corporate Supervising Officer [CFO, Corporate Administration])
Senior Managing Executive Officer	Naoto Matsuoka (Group COO; Division COO [Steel Plate, Tube & Construction Materials Division])
Managing Executive Officer	Yoshiharu Harima (Chief Regional Officer [China])
Managing Executive Officer	Saburo Takada (Group COO; Division COO [Stainless Steel Division])
Managing Executive Officer	Terumitsu Kiba (Corporate Supervising Officer [Business Development, Corporate Planning, Regional Strategy & Coordination, CISO])
Executive Officer	Minori Nakamura (Division COO [Steel Sheet Products, Automotive Steel Products Business Division])
Executive Officer	Ryoji Shinohe (Division COO [Wire & Specialty Steel Division])
Executive Officer	Masakazu Okamura (Chief Regional Officer [Asia])
Executive Officer	Tetsuo Suzuki (President, Metal One Structural Steel & Resource Corporation)
Executive Officer	Mikio Kinoshita (Division COO [International Steel Operation Division])
Executive Officer	Hiromi Fujikawa (Division COO [Steel Products for Energy Industries Division])*
Executive Officer	Takeshi Sakasai (CIO; Corporate Functional Officer [Human Resources, Corporate Social Responsibility, General Affairs, IT]; General Manager [Human Resources Department])*

* New executive officers