The History of Sojitz Group Nichimen Corporation Nissho

The History of Sojitz Group Nichimen Corporation Nissho Company Iwai Sangyo Company 1902 Suzuki & Co. , Ltd. established 1896 Iwai & Co. , Ltd. established Nissho Iwai Corporation 1968 Nissho Company and Iwai Sangyo Company merged 2003 Nissho Iwai-Nichimen Holdings Corporation established through the transfer of shares by Nichimen Corporation and Nissho Iwai Corporation, which become its subsidiaries 1892 Japan Cotton Trading Co. , Ltd. established 1982 Company name changed to Nichimen Corporation 2004 Subsidiaries Nichimen Corporation and Nissho Iwai Corporation merged to form Sojitz Corporation Name of holding company changed to Sojitz Holdings Corporation 2005 Sojitz Holdings Corporation merged with subsidiary Sojitz Corporation and company name changed to Sojitz Corporation Copyright © Sojitz Corporation 2015 2

Sojitz Group’s Global Network The Sojitz Group is a general trading company with a worldwide network comprising approximately 400 group companies and operations in some 50 countries. n Number of Branches & Offices Domestic: 4 Overseas: 83 n Number of Subsidiaries & Affiliates Domestic: 113 Overseas: 288 n Number of Employees Non-consolidated: Consolidated: 2, 281 14, 253 (As of December 31, 2015) Sojitz Group HQ Tokyo, Japan Americas Europe, Russia & NIS Middle East, Africa China Asia & Oceania Copyright © Sojitz Corporation 2015 3

Corporate Data n Company Name Sojitz Corporation n Established April 1, 2003 n Capitalization 160, 339 million yen n President & CEO Yoji Sato n Head Office 1 -1, Uchisaiwaicho 2 -chome, Chiyoda-ku, Tokyo 100 -8691, Japan n TEL +81 -3 -6871 -5000 n FAX +81 -3 -6871 -2430 n URL http: //www. sojitz. com/en n Corporate Governance Model Board of Corporate Auditors n Stock Exchange Listings Tokyo Stock Exchange Copyright © Sojitz Corporation 2015 4

Sogo Shosha (“Sōgō Shōsha” or “General Trading Companies”) are Japanese companies that trade in a wide range of products and materials. In addition to acting as intermediaries, Sōgō Shōsha also engage in logistics, plant development and other services, as well as international resource exploration. Unlike trading companies in other countries, which are generally specialized in certain types of products, Sōgō Shōsha have extremely diversified business lines, in which respect the business model is unique to Japan. The structure of Sōgō Shōsha gives them three major advantages in international trade. First, they have extensive risk management capabilities in that they trade in many markets, keep balances in many foreign currencies and can generate captive supply and demand for their own operations. They also have large-scale in-house market information systems which give them economies of scale in pursuing new business opportunities. Their vast scale also allows them to provide capital in the form of credit, financing and export services at low cost. Quoted from Wikipedia 7 Major Sogo Shosha in Japan -Sojitz Corporation -Mitsubishi Corporation -Mitsui & Co. , Ltd. -Sumitomo Corporation -Itochu Corporation -Marubeni Corporation -Toyota Tsusho Corporation Copyright © Sojitz Corporation 2015 5

Core Business Functions Not only trading products, but also can be producers. Provide better financing solutions. Not only gathering customer’s financial information, but providing better risk management services. Business Development, Investment Information Research & Marketing & Management Gather valuable market information, using worldwide net work. Business Coordinating & Organizing Connect you to reliable suppliers and customers. Market Development Financing Risk Management Logistics Can be your sales and sourcing partner. Establish the best logistics. (Truck, bulk Vessel, container vessel, airplane and etc. ) Trade Domestic, Export, Import and Offshore sales. Copyright © Sojitz Corporation 2015 6

Overview of Operations Automotive Division Aerospace & IT Business Division. Infrastructure & Environment Business Division Energy Division Metals & Coal Division Foods & Agriculture Business Lifestyle Commodities & Materials. Retail Division Chemicals Division Copyright © Sojitz Corporation 2015 7

Chemicals Division – Main Businesses & Vision – （1/2） Main Products ・Chemicals: Methanol, solvents, liquid chemicals, high-performance resin monomers, butadiene, phenol, raw materials for resins and synthetic fibers, raw materials for plastic resins, and plastic products ・Ecological Materials & Resources: Rare earths, lithium, aluminum hydroxide, industrial salt, graphite, cellulose materials, highperformance nonwoven cloth, raw materials for paint, liquid crystal, display materials, carbon fiber, LED materials, barite, etc. Chemicals ・Hospital business, trading business in healthcare-related fields such. Marine as pharmaceuticals and various Mettonmanagement resin Methanol (Industrial Salt) healthcare services Manufacturing and providing a Corporation Coordinating global sales of cosmetics ・Planning, development and through Sojitz Cosmetics Top class among trading stable supply of methanol to the metton resin, a new companies in volume of industrial Japanese and Asian markets. environmentally friendly molding salt, a key basic raw material with Methanol has a rising demand for material made from broad applications. Our salt raw material in products such as dicyclopentadiene. comes from both India and adhesives, synthetic fibers, Australia. engineering plastics and energy applications. Methanol manufacturing facilities in Indonesia Salt stock in India before shipment Copyright © Sojitz Corporation 2015 8

Chemicals Division – Main Businesses & Vision – （2/2） Rare Chemical Resources (Rare Earths, Lithium, Barite) Developing, producing, and providing a stable supply of barite and rare earths. The former has become an essential material in the shale gas revolution, while the latter are important resources used in everything from hybrid cars to LCD displays. Plastic Resins • Meeting growing plastic demand which accompanies the high economic growth of emerging nations. • Supporting sustainable society with green polyethylene, a plant-based polyethylene which is anticipated to lessen the effects of global climate change by reducing CO 2 emissions, as well as help countries move away from their dependence on petroleum. Medical Healthcare Business Develop and expand medical healthcare business for the growing needs in the Asian countries by utilizing efficient healthcare management knowhow and functional expertise present in Japanese medical institutions. Neodymium iron boron alloy produced using rare earths Braskem’s green polyethylene plant Barite mine in Mexico Copyright © Sojitz Corporation 2015 9

Chemicals Division Core Project Business Copyright © Sojitz Corporation 2015 10

Sojitz Europe Regional Network Sojitz Corporation (Tokyo HQ) Sojitz Europe plc (London HQ) Dusseldorf Branch Paris Branch Milan Branch Madrid Branch Hamburg Office Warsaw Office Prague Office Budapest Office Istanbul Branch Sojitz LLC Office where we have Chemical Division’s Staffs Office where we have only other Division’s Staffs Moscow Liaison Office Khabarovsk Liaison Office Kyiv Representative Office St. Petersburg Liaison Office Copyright © Sojitz Corporation 2015 16

Chemicals Division Business Areas Chemicals Division § § § § § § Chemicals Department No. 1 Chemicals Department No. 2 Chemicals Plastics Paint, Ink, Coloring Materials Plastics, Plastic additives Polyester Solvent Adhesive, Rubber Additives Soap, Detergent, Surfactant Water Treatment Health Food, Food Additive Grease, Lubricant, Oil and Fat Electro Material, Battery Material Ceramics Optical Material Mining Nuclear Pesticide, Agricultural Chemical, Fertilizer Pharmaceutical Building Material Rare Earths, Rare Metals Aerospace, Aviation, Automotive, Rail, Marine Cosmetics Catalyst Glass, Paper § Films § Functional Resins § High Performance Resins Copyright © Sojitz Corporation 2015 12

Chemicals Department No. 1 Handling Item List 1 § Paint, Ink, Coloring Materials (Pigment, Dyestuffs) Diallyl Phthalate (DAP) Oligomer (DPGDA, GPTA, HDDA, PHEA, TMP 3 EOTA, TMPTMA, TPGDA) Benzoguanamine Rosin Modified Phenolic Resin Polyimide Inkjet Ink Petro Resin 2 EH Denacol Acrylate Ortho cresol Acrylates (GAA, BA, 2 EHA, etc. ) Tall Oil Rosin Poly Vinyl Phenol resin Alkyl Phenol Nonyl Phenol Paraoctylphenol Poly Paravinyl Phenol 2 -Propenoic acid Paraformaldehyde (PFA) Tall Oil Pitch Wood Coatings 2 -tert Butoxyethanol Fluorescent Paint • Plastics, Additives Polyamide 11 (NYLON 11) Polyamide 12 (NYLON 12) Phosphorus based flame-retardant Agent Metallocene Polyethylene Resin (m. PE) Alpha Methyl Styrene (AMS) 1, 2 -Polybutadiene Calcium carbide Sodium Sulphide • Polyester MEG DEG MMA NPG (Neopentylglycol Solution) NPG-Flakes (Neopentylglycol-Flakes) Neopentyl Glycol Dicyclopentadiene Metton (DCPD based resin) CHDM (1, 4 Cyclohexane Dimethanol) • Solvent Castor Oil Toluene Mixed Xylene Solvent Naphtha White Spirit Hexane Methyl Acetate Butyl Acetate (BA) Iso Butanol Methyl Ethyl Ketone (MEK) Butyl Glycol Ester Acetone Styrene Monomer Vinyl Acetate Monomer (VAM) Ethyl acrylate 2 EHA ETAC Ethanol denatured N-butanol Cyclohexane • Adhesive, Rubber, Additives Epichlorohydrin Rubber (ECO) S-SBR Butyl Rubber (BR) Nitril Butadiene Rubber (NBR) Ethylene Propylene Rubber (EPDM) Natural Rubber (NR) Chlorinated Polyethylene (CPE) Chloroprene Rubber (CR) Chlorosulphonated Polyethylene Rubber (CSM) EVA Latex SBR Latex Polysulfide Silane Coupling Agent Silicon Dioxide (Precipitated Silica) Insoluble Sulfur Steel Cord Process Oil C 5 Resin Tackifier Resorcinol Micro Crystalline Wax Styrene Isoprene Block Copolymer Dry Bonding Agent Anti Oxidant Agent Melamine Urea Phenol Resorcinol 3, 3'-Diaminodiphenyl Sulfone (3, 3' DADPS) 4, 4'-Diaminodiphenyl Sulfone (4, 4' DADPS) Epoxy resin Methanol Synthetic Hydrotalcite Liquid Isoprene Homopolymer Liquid 2 -methyl-1, 3 Butadiene Polymer Piperylene Zinc Dimethacrylate (ZDMA) C 5 and C 9 resins Isoprene Isobutylene Polymer Paraformaldehyde (PFA) Carbon Bisulfide Cyclohexane Copyright © Sojitz Corporation 2015 13

Chemicals Department No. 1 Handling Item List 2 • Soap, Detergent, Surfactant Methyl Ester Sulphonate (MES) Other Surfactant (MEE, MEA, DEA, TEA, AEO) Nonene (Propylene Trimer) Enzymes Sodium Sulphonate • Grease, Lubricant, Oil and Fat Alkyl Diphenyl ether (ADE) Die casting mold releasing lubricant Plunger lubricant DIB (Di-isobutylene) Spin Finish Oil • Water Treatment Polyvinylidene fluoride (PVDF) Wetlaid Non-woven fabric Meltblown Non-woven fabric Sodium Hypochlorite Calcium Hypochlorite Sodium Dicholor Isocyanurate Trichloro Isocanuric Acid • Electro Material, Battery Material Ultra High Purity Hydrofluoric Acid (HF) LIB Separator Poly vinylidene fluoride (PVDF) Electrolyte (Li. PF 6, Li. BF 4, Na. PF 6) Copper foil Aluminium foil Carboxy Methyl Cellulose (CMC) Poly-N-vinylacetamide Crystalline Si. C Glass Plate • Health Food, Food Additive Casein Placenta Fish Oil Honey Paprika Powder Tomato Powder Sodium Citrate Green Tea Extract Yeast Extract Licorice Extract Clude Fish Oil Glucosamine HCL Succinic Acid Stevia Aloe Vera Pork Placenta Hydroxytirosol Glycymin • Ceramics Zirconia Powder Silicon Nitride (Si 3 N 4) § Optical Material Fluoride Compound (Li. F, Ca. F 2, Pb. F 2, Ba. F 2, Al. F 3) Zirconium Oxide (Zr. O 2) Cellulose Triacetate (TAC) Glass Plate • Mining Barite • Nuclear Boron Trifluoride Monoethyl Amine (BF 3 MEA) Boron Carbide (B 4 C) 10 B Enriched Boric Acid Potassium Sulfate (SOP) Phosphoric Acid Beta Methyl Naphthalene • Pharmaceutical Hydroxy Propyl Cellulose (HPC) Sodium Montmorillonite Veterinary Drugs Purified Shellac Decolorized Shellac Magnesium Oxide • Building Material Glass Fibre • Rare Earths, Rare Metals • Aerospace, Aviation, Automotive, Rail, Marine PVB-Film • Cosmetics Aromatic Resins Oils Ascobyl Glucoside Benzyl Alcohol Flavor & Fragrance • Catalyst Poly Vinyl Alcohol (PVA) Sulfonic Acid blended catalyst Ti Catalyst Vanadium Oxide • Glass, Paper Silica Sand Copyright © Sojitz Corporation 2015 14

Chemicals Department No. 2 Handling Item List • Films BOPA met BOPA XX CPA CPP ret MOPP Alu BOPET VM Synthetic Paper met PCTFE EFTE EFEP PIE PV back sheets • Functional Resins EVOH Tie-resins PA 6 COPA 6, 6/6 SBBS SEBS PET-g Master batches Compounds Purging resins PVOH G-polymers PBSA Starch-PBS-PLA compounds m-PP r-PP PE-RT BIO-PE BIO-tie resins • High Performance Resins PC POM ABS PBT ASA PES MXD-6 compounds • Others Synthetic kitchen tables Printing inks Plastic end plates Copyright © Sojitz Corporation 2015 15

Chemicals Department No. 1 Main Businesses 1 Liquid Chemicals Business We have a strong presence of liquid chemicals sales especially in Turkey. Liquid Chemicals for coating industry ■ Distribution from tank with our partner, Arkem ■ 30% market share in Turkey (140 Kmt) ■ Wide range sourcing function ■ Presence in paint, ink, and adhesive segments <Main Products> ◆ Solvents -White Spirit, Toluene, Xylene, Hexane -Solvent Naphtha, Ethyl Acetate, Acetone -IPA, MEK, Butyl Acetate, Isobutanol -Butyl Glycol Ether, Methyl Acetate, etc. . <Suppliers> Cepsa, Petrogal, Sasol, Ineos, Eurochem, Sibur, etc. ◆ Monomers and glycols -Vinyl Acetate Monomer, Styrene Monomer -Butyl Acrylate, Ethyl Acrylate -Di Ethylene Glycol, Mono Ethylene Glycol <Suppliers> Eurochem, Sibur, MEGlobal, Lotte, Sasol, etc. Liquid Chemicals outside of Turkey <Main Products> ◆ Methanol -Trade T 2 cargo in Rotterdam (About 100 kt/year) -Mainly based on swap cargo with our own production in Indonesia (KMI) Copyright © Sojitz Corporation 2015 16

Chemicals Department No. 1 Main Businesses 2 Polyester Business We are handling various items related to Polyester. -DCPD : Low purity grade for UPR applications mainly, high purity grade for other applications. -NPG : Component for special features -MAN : Major ingredient of UPR -BA : Acrylates -Adipic Acid : Under development and just started introduction -Other glycols : Under development Synthetic Rubber Business We are handling several types of synthetic rubbers (over 10, 000 MT/year globally), We especially have a strong presence of poly-chloroprene rubber (CR) and chlorosulfonated polyethylene (CSM) sales all over the world. We are also handling various types of rubber additives. For example, white carbon (precipitated silica) is one of our most important developing items, targeting at sales with other main raw materials such as polysulfide coupling agent, S-SBR and insoluble sulfur We are now trying to develop a new joint venture precipitated silica producing plant in Europe to meet demand increase driven by eco tires. Water Treatment Chemical Business We are distributing a wide range of water treatment Chemicals (mainly chlorine derivatives and surfactants) all over Europe, targeting at the detergent producers market as well as swimming pool chemicals market where we are among leaders. We are also active in sales of industrial water filtration raw material (non-woven Fabrics and PVDF). Copyright © Sojitz Corporation 2015 17

Chemicals Department No. 2 Main Businesses Film Business CHE-2 core activities in Film Business segments are market leading film products: - BOPA, Biaxis® is prime-quality biaxially oriented Polyamide (Nylon) films produced using state-of-the-art coextrusion technology and top-level expertise at Biaxis Oy in Finland. Biaxis films provide excellent base material for converting such as printing, metallization and lamination for all kinds of packaging and industrial applications - C-PA, Rodepac® is prime quality cast Polyamide (Nylon) films product by Rodenas & Rivera in Spain - Additionally from these we are involved in several other leading film products to support our business growth and customer cultivation in flexible packaging and industrial film industry Functional Resins Business CHE-2 core activities in Resin Business segment are market leading functional resin products: - EVOH, Soarnol® is Ethylene Vinyl Alcohol copolymer resins produced by Nippon Gohsei UK - Tie-resin, Plexar® is MAH grafted Polyolefin resins produced by LBI, USA - COPA 6, 6/6, Radipol are future market driving Co-Polyamide resins produced by Radici. Fil, Italy - Additionally from these, we are involved in several other leading functional resins products. This is to expand our business growth providing value added products to flexible and rigid packaging, agricultural and other industrial application segments Typical End User Application Copyright © Sojitz Corporation 2015 18

The Sojitz Group creates value and prosperity by connecting the world with a spirit of integrity. Copyright © Sojitz Corporation 2015 19