OREANDA-NEWS. November 06, 2012. Cosmo Oil Co., Ltd. (Head Office: Minato-ku, Tokyo / Paid in Capital: 107.2 bn JPY / President: Keizo Morikawa) announces the agreement with Sojitz Corporation (hereinafter Sojitz) on the acquisition of shares for Sojitz Energy Corporation (hereinafter Sojitz Energy) as follows:
1. Purpose of Acquisition

Cosmo Oil is a fully integrated oil company with strong presence from E&P to refining & marketing, and aims to further strengthen the competitiveness of its domestic sales by expanding the group network through the acquisition of Sojitz Energy.

The numerous procurement sources, loyal customers, talented personnel and know-how of Sojitz Energy, will all strongly contribute to Cosmo Oil's domestic marketing strategy, and furthermore, create significant synergies in our supply stability and logistics network.

At the same time, the 4 million "Cosmo the Card" credit card members will benefit from the additional support of the service station networks under the highly respected Cosmo Oil brand image.
2. Outline of Sojitz EnergyName Sojitz Energy Corporation
Representative Sadao Ezaki (Representative Director, President)
Address Akasaka 2-14-32, Minato-ku, Tokyo
Foundation Date March 1958
Main Business Marketing of Petroleum Products
Fiscal Term March
Employees 344 (as of end October 2012)
Main Branch Offices Sendai, Nagoya, Osaka
Paid in Capital 500 million JPY
Issued Shares 7,938,000 shares
Major Shareholder Sojitz Corporation 97.08%
Relation with Cosmo Oil Capital Ties :
Cosmo Oil currently owns 12,000 shares of Sojitz Energy.
 No capital ties exist between personnel/affiliates of Cosmo Oil and Sojitz Energy and/or its personnel.
Personnel Ties :
No personnel ties exist between Cosmo Oil and Sojitz Energy
 No personnel ties exist between personnel/affiliates of Cosmo Oil and Sojitz Energy and/or its personnel. But, Cosmo Oil plan to dispatch directors to Sojitz Energy after the transaction.


3. Outline of Sojitz CorporationName Sojitz Corporation
Representative Yoji Sato (Representative Director, President & CEO)
Head Office Uchisaiwai-cho 2-1-1, Chiyoda-ku, Tokyo
Main Business Various Wholesales

4. Shares to be AcquiredShares currently held by Cosmo Oil 12,000 shares (0.15% of Sojitz Energy)
Shares to be acquired 7,706,000 shares
Shares after transaction complete 7,718,000 shares (97.23% of Sojitz Energy)

5. Date of Agreement: November 5, 2012

6. Date of Transfer of Shares: January 31, 2013 (planned)