Metal One Corporation

February 12, 2009

Announcement on Board of Directors for FY2009

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Moriji Kanada) hereby announces changes to its board of directors, effective from April 1, 2009:

[1] Director

A. New Director (Effective from April 1)

Name	New position	Present position
Naoto Matsuoka	President & CEO, Director	Senior Managing Executive Officer

B. Promoted Director (Effective from April 1)

Name	New position	Present position
Shinichi Tateno	Chairman, Director	Senior Executive Vice President, Director

C. Resigning Director (Effective from April 1)

Name	New position	Present position
Moriji Kanada	Executive Officer*	President, Director

*Executive Officer who will resign following the ordinary meeting of shareholders scheduled for June

[2] Executive Officer

A. New Executive Officers (Effective from April 1)

Name	New position	Present position
Tomohiro Kadokura	Managing Executive Officer Division COO (Corporate Administration Division)	Senior Vice President, Mitsubishi Corporation
Tetsuya Onishi	Executive Officer President, Kyushu Steel Corporation	President, Kyushu Steel Corporation

B. Promoted Executive Officers (Effective from April 1)

Name	New position	Present position
Shinichi Tateno	Chairman, Director	Senior Executive Vice President, Director
Naoto Matsuoka	President & CEO, Director	Senior Managing Executive Officer
Minori Nakamura	Managing Executive Officer Group COO; Division COO (Steel Sheet Products, Automotive Steel Products Business Division)	Executive Officer Division COO (Steel Sheet Products, Automotive Steel Products Business Division)

C. Newly Assigned Responsibilities of Executive Officers (Effective from April 1)

Name	New position	Present position
Tetsuro Nagai	Senior Executive Vice President & CFO Corporate Supervising Officer (CFO)	Senior Executive Vice President Corporate Supervising Officer (CFO, Corporate Administration)
Masakazu Okamura	Executive Officer Chief Regional Officer (Latin America)	Executive Officer Chief Regional Officer (Asia)
Tetsuo Suzuki	Executive Officer Division COO (Steel Plate, Tube & Construction Materials Division)	Executive Officer President, Metal One Structural Steel & Resource Corporation

D. Resigning Executive Officers
(Effective on April 1)

Name	New position	Present position
Yoshiharu Harima	None (will resign)	Managing Executive Officer Chief Regional Officer (China)

(Effective on the day of the ordinary meeting of shareholders scheduled for June)

Name	New position	Present position (Effective from April 1)
Moriji Kanada	None (will resign)	Executive Officer

[3] Reference

Executive Officers* (Effective from April 1)

*Excluding the executive officer who will resign on the day of the ordinary meeting of shareholders scheduled for June

Position	Name	Areas of Responsibility
Chairman, Director	Shinichi Tateno
President & CEO, Director	Naoto Matsuoka
Senior Executive Vice President & CFO	Tetsuro Nagai	Corporate Supervising Officer (CFO)
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)
Managing Executive Officer	Minori Nakamura	Group COO; Division COO (Steel Sheet Products, Automotive Steel Products Business Division)
Managing Executive Officer	Tomohiro Kadokura	Division COO (Corporate Administration Division)
Executive Officer	Ryoji Shinohe	Division COO (Wire & Specialty Steel Division)
Executive Officer	Masakazu Okamura	Chief Regional Officer (Latin America)
Executive Officer	Tetsuo Suzuki	Division COO (Steel Plate, Tube & Construction Materials Division)
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)
Executive Officer	Tetsuya Onishi	President, Kyushu Steel Corporation