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December 3, 2009

Signing Ceremony for the memorandum of understanding on the framework establishing the Joint Venture Business held between the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China and Tokyo Boeki Ltd.

On 3rd December 2009, the delegates of the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China visited Tokyo Boeki Ltd. and the group companies and had a meeting with Mr. Machida, Chairman & CEO, Tokyo Boeki Ltd. and Mr. Tanaka, President & CEO, Tokyo Boeki Steel & Materials Ltd.(=TBSM).

Licheng District, Jinan City, Shandong Province, P. R. China is the foothold of TBSM’s Joint Venture Company, “Jinan Ludong Refractory CO., Ltd.” which was founded in 1995.

Thanks to good cooperation from the local government of Licheng District, Jinan City extended to TBSM’s joint venture, TBSM have been enjoying expanding the business with Jinan Ludong Refractory CO., Ltd. and also establishing a good and friendly relationship with the executives of the local government of Licheng District, Jinan City.

For strengthening the partnership, both the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China and Tokyo Boeki Ltd. and the group companies agreed and singed the memorandum of understanding on the framework establishing the joint venture business where both parties vowed further mutual development by utilizing their superior positions in the local development premises in Licheng District, Jinan City.

Mr. U, the Head of the Business Promotion Bureau of Licheng District, Jinan City, Shandong Province, P. R. China and Mr. Machida, Chairman & CEO, Tokyo Boeki Ltd. who represented all the group companies attended the signing ceremony and executed signatures.

November 23, 2009

The Board of Directors Meeting of Ludong Refractory Material Co., LTD －Shinagawa Refractory Corporation’s First Participation

On November 23th 2009, our joint venture company-Ludong Refractory Material Co., LTD held its first board meeting of the fourth session, this was the first board meeting for Shinagawa Refractory Corporation who were co-established by the meager between JFE Furnace Materials Corporation and Shinagawa Shiro-Renga Co. Ltd. in October 2009. A total of 26 participants including 6 Japanese representatives attended the meeting and gave reports actively. The principal of each department gave a detailed report about their sales mainly within the Chinese domestic market. Both Chinese and Japanese participants mutually confirmed that the results showed the joint venture company well grabbed the Chinese domestic market to further strengthen its sales capabilities.

The board meeting ended with a vow for all the three parties of Ludong Refractory Material Co., LTD., Tokyo Boeki Steel & Materials Ltd. and Shinagawa Refractory Corporation to cooperate together and to make greater progress in the future.

November 10, 2009

Beijing Bo Rui Tomas Motor Sales Service Co., Ltd., formally commenced operations.

October 29, 2009

Investment in 150 billion Yen Coal Complex Project in Shanxi, China

On 29th of October in Shanghai, Tokyo Boeki Steel & Materials Ltd made a capital investment in a coal complex project in Shanxi, China and acquired the sales rights of coking coal and coke from Shanxi Jindi Coal and Coke Co., Ltd.

The project consists of multiple operations such as a coal mine (high quality coking coal production: 4.2million mt / year), washery plant, coke plant, synthetic ammonia plant, power plant and cement plant. The waste products such as coal ash or by-products from each plant will be re-utilized for other plants. The total investment value of this environment-conscious project came to 10 billion Chinese Yuan (130 billion Japanese Yen). The coal washery plant is scheduled to start its operation late in 2009.

Under the agreement, Tokyo Boeki Steel & Materials has acquired an interest in the project and also acquired the sales rights of coal, coke and other　products both domestic and export markets. The incorporation procedures are currently in progress.

Tokyo Boeki Steel & Materials aims to contribute to the development of Chinese industry by forming an industrial chain consisting of highly efficient newly built plants and by joining projects which aim to boost energy efficiency and to use natural resources effectively. Tokyo Boeki Steel & Materials also aims to supply our products not only to the Chinese domestic market but throughout Asia.

October, 2009

Established a Business Development Department

It has been 3 years since the foundation of Tokyo Boeki Steel & Materials Ltd. In order to become a global business corporation, we made progress in the Shanxi Jincheng Coal Complex Project and development of the Vietnamese market.
The world market has not yet fully recovered from the world financial crises, so it is vital important for us to strengthen our sales division. As of Oct. 2009, we have established a new sales team, Business Development Department. Mr. Katafuchi, Managing Director will be appointed as General Manager of this dept.
Tokyo Boeki Steel & Materials Ltd. is stepping forward to accomplish its “Challenge 2014” growth plan.
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June, 2009

The Board Directors Appointment

April, 2009

Opening of New Branch Office at “Kure”

Tokyo Boeki Steel & Materials Ltd. opened a new branch office at “Kure”. Now we have 7 branch offices in Japan to provide better service for our customers.

March 28, 2009

“Challenge 2014” –Conference for presenting TBSM Group Companies’ Business Development & Growth Plan was held!-

On 28th March 2009, TBSM organized its first group company’s conference where each group company and each division of TBSM gave a speech and presentation on their business development and growth plans.

Mr Tanaka, President & CEO of TBSM took the lead at this conference in his opening speech by presenting to all participants “The principle of Challenge 2014, is to achieve an annual turnover of ￥100 Billion via the combined efforts of all the TBSM Group Companies as a whole.
In line with this principle, each division of TBSM, TB China and TB Australia made individual speeches presenting the details of their five year business development and growth plans on how they plan to achieve their goals to become No. 1 globally, within their areas of responsibility and business environment.

This also provided the ideal opportunity for a frank and open presentation and discussion on past business cases where failure had occurred within TBSM and the group companies over the past three years.

The conference ended on a worthwhile and fruitful note with all the participants refreshed and focused on how they would be able to overcome the difficulties ahead in the current global economic crisis and to positively enter into the 4th financial term of TBSM commencing from 1st April 2009.

January, 2009

2009 New Year Speech of Mr. Tanaka, President of Tokyo Boeki Steel & Materials Ltd.

Dear colleagues, Happy New Year to all of you!
I hope that all of you have started the New Year with renewed spirit.

2008 was a year of rapid change, starting with sky-rocketing prices for resources and energy during spring and summer and then, after September the SUBPRIME loan crisis in USA brought on the global recession very quickly.

The Year 2009 is forecast to be an extremely tough and challenging year for businesses. Although this is a so called 'once in a century crisis', we will embrace this difficulty as a great opportunity to get ahead of our competitors. We will need to be flexible to handle the many changes in the year ahead and adopt such changes with far-sighted management strategy. With such a vision we will have a greater chance of success.

Over the next three years, we will certainly be exposed to an increase in risk and in an increasing competitive business environment. We will therefore need to use our maximum ingenuity to become more focused on the issues challenging us. In order to succeed in this more severe business environment, I would like to ask you all to reassure yourself and to practice our company values reflecting the "The spirit of Tokyo Boeki's foundation" as follows.

1. Mindset to overcome any obstacle.・・・We welcome problems - never give up to challenge the difficulties.
2. Mindset of a pioneer.・・・We love deserted business - never hesitate to jump in where people do not like to.
3. Mindset of management among all employees.・・・We all are presidents of the company - management by all for one.1: Set your mind to overcome any obstacles

I strongly believe that if each of us uses the time efficiently throughout the year and works closely towards these goals, we will be able to make our company, Tokyo Boeki Steel & Materials Ltd., evolve and become more prosperous, which will bring all of us more happiness.

Finally, I wish all of you the best of health, happiness and prosperity throughout the New Year. Thank you for your attention.