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Issuance of Domestic Unsecured Yen Bonds

May 15, 2015

Kobe Steel, Ltd. hereby gives notice that it has decided to issue Domestic Unsecured Yen Bonds under the terms as set forth below:

Domestic Unsecured Yen Bonds due 21 May 2020

1. Name:

Kobe Steel, Ltd.
Series 61 Unsecured Bonds
(Limited Inter-Bond Pari Passu Clause)

2. Total Amount of Issue:

10 Billion Yen

3. Denomination of Bond:

100,000,000 Yen each

4. Interest Rate:

0.352% per annum of the principal of the Bonds

5. Issue Price:

100% of the principal amount of the Bonds

6. Redemption Price:

100% of the principal amount of the Bonds

7. Maturity Date:

To be redeemed in a lump sum on 21 May 2020

8. Offering Period:

15 May 2015

9. Closing Date:

21 May 2015

10. Method of Issue:

Public offering in the domestic market

11. Date of Payment of

Semiannually on 21 May and 21 November

Interest on the Bonds:

　

12. Status of the Bonds:

Unsecured by assets or guarantees

13. Fiscal Agent:

Mizuho Bank, Ltd.

14. Underwriters:

・Nomura Securities Co.,Ltd.
・Mizuho Securities Co., Ltd.
・Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
・Daiwa Securities Co. Ltd. as the "Joint Lead Managers"

Use of Proceeds:

To be applied mainly toward the redemption of bonds and loans

Domestic Unsecured Yen Bonds due 20 May 2022

1. Name:

Kobe Steel, Ltd.
Series 62 Unsecured Bonds
(Limited Inter-Bond Pari Passu Clause)

2. Total Amount of Issue:

15 Billion Yen

3. Denomination of Bond:

100,000,000 Yen each

4. Interest Rate:

0.579% per annum of the principal of the Bonds

5. Issue Price:

100% of the principal amount of the Bonds

6. Redemption Price:

100% of the principal amount of the Bonds

7. Maturity Date:

To be redeemed in a lump sum on 20 May 2022

8. Offering Period:

15 May 2015

9. Closing Date:

21 May 2015

10. Method of Issue:

Public offering in the domestic market

11. Date of Payment of

Semiannually on 21 May and 21 November

Interest on the Bonds:

　

12. Status of the Bonds:

Unsecured by assets or guarantees

13. Fiscal Agent:

Sumitomo Mitsui Banking Corporation

14. Underwriters:

・Nomura Securities Co.,Ltd.
・Mizuho Securities Co., Ltd.
・Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
・Daiwa Securities Co. Ltd. as the "Joint Lead Managers"

Use of Proceeds:

To be applied mainly toward the redemption of bonds and loans

Domestic Unsecured Yen Bonds due 21 May 2025

1. Name:

Kobe Steel, Ltd.
Series 63 Unsecured Bonds
(Limited Inter-Bond Pari Passu Clause)

2. Total Amount of Issue:

25 Billion Yen

3. Denomination of Bond:

100,000,000 Yen each

4. Interest Rate:

0.924% per annum of the principal of the Bonds

5. Issue Price:

100% of the principal amount of the Bonds

6. Redemption Price:

100% of the principal amount of the Bonds

7. Maturity Date:

To be redeemed in a lump sum on 21 May 2025

8. Offering Period:

15 May 2015

9. Closing Date:

21 May 2015

10. Method of Issue:

Public offering in the domestic market

11. Date of Payment of

Semiannually on 21 May and 21 November

Interest on the Bonds:

　

12. Status of the Bonds:

Unsecured by assets or guarantees

13. Fiscal Agent:

Mizuho Bank, Ltd.

14. Underwriters:

・Mizuho Securities Co., Ltd.
・Nomura Securities Co.,Ltd.
・SMBC Nikko Securities Inc.
・Daiwa Securities Co. Ltd. as the "Joint Lead Managers"

Use of Proceeds:

To be applied mainly toward the redemption of bonds and loans