Sale of Investment Securities

June 30, 2000

This document is an English translation of a statement written initially in Japanese.
The Japanese original should be considered the primary version.

ITOCHU Corporation has sold 500,000 shares in its subsidiary ITOCHU TECHNO-SCIENCE Corporation.

1. Transaction Details

(1) Shares sold	500,000 shares of common stock in ITOCHU TECHNO-SCIENCE Corporation (following the sale, ITOCHU holds 11,410,000 shares, representing 55.7% of all shares outstanding; total ITOCHU Group holdings are 57.1%)
(2) Book value of shares sold	¥20 million
(3) Total proceeds	¥19,500 million
(4) Capital gain	¥19,479 million (rounded down to the nearest million)
(5) Method of payment	Cash

2. Sales Method

Shares were sold to a securities company.

3. Date of Delivery

Thursday, June 29, 2000

4. Reason for Sale

Proceeds from this sale will be used by ITOCHU to increase equity and improve the company's financial position. Proceeds will also be used for investments in new businesses in the future.

5. Projected Results for the Fiscal Year Ending March 2001

There will be no revisions made to the projections on non-consolidated and consolidated results for Fiscal Year 2001, ending March 2001, as profit from this sale had been accounted for in special gains, in the estimates announced at the beginning of this fiscal year.

Common menu of category from here.