Delisting of Shares

RNS Number:5857J
Kobe Steel Ld
03 April 2003

ANNOUNCEMENT

                                                                Kobe Steel, Ltd.

                                                   Tokyo Stock Exchange No. 5406



               Kobe Steel to Delist Shares from 3 Stock Exchanges



TOKYO (April 3, 2003) - Kobe Steel, Ltd. decided at the Board of Directors'
meeting today to submit applications to delist its shares from three stock
exchanges - the Fukuoka Stock Exchange and Sapporo Securities Exchange in Japan
and the London Stock Exchange.



1.  Reason for Applying for Delisting

Kobe Steel plans to apply for delisting at the Fukuoka, Sapporo and London
exchanges as the trading volume of its shares at these exchanges is low.  Kobe
Steel believes that delisting will have little effect on shareholders and
investors.



2.  Other Stock Exchanges where Kobe Steel Shares are Listed

The other exchanges where Kobe Steel shares will continue to be listed are the
Tokyo Stock Exchange, Osaka Securities Exchange, and Nagoya Stock Exchange.



3.  Date of Application for Delisting

Kobe Steel intends to apply for delisting at the Fukuoka and Sapporo exchanges
on April 7, 2003.  As for the London Stock Exchange, Kobe Steel plans to apply
for delisting in the month of April.



4.  Schedule

For the Fukuoka and Sapporo exchanges:

Kobe Steel will submit applications to delist its shares from these two
exchanges. After the applications are accepted by the exchanges, Kobe Steel's
shares shall be placed in the temporary delisting "post," the category for
shares to be delisted. In principle the shares are expected to be delisted one
month from the date they are placed in the delisting post.



For the London Stock Exchange:

Kobe Steel plans to submit a delisting application in April so that delisting
can be completed by June.



Media Contact:
Gary Tsuchida
Communication Center
Kobe Steel, Ltd.
9-12 Kita-Shinagawa 5-chome
Shinagawa-ku, Tokyo  141-8688
JAPAN



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                      This information is provided by RNS
            The company news service from the London Stock Exchange
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