Miyazaki Refinery

[Yamsi]

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Internal Transmission Sent

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Hiroyuki Orihara reporting to the Torishimariyaku of Resource Management Mr.Koshimura-san

I am delighted to inform you that in collaboration with the transport and logistics division we have now supplied an initial shipment of 20,000 units of Niobium to Xuanming Trade Center.

The commerce division has decided to initially test the market with the Niobium at a price of 80 per unit.

The calculated the margins our customers can expect to make on a number of key trading routes has been circulated to our key accounts:

• Planet Hamburg - Buying Niobium for 80, Selling for 192 - profit margin of 112
  
• Planet Houston - Buying Niobium for 80, Selling for 182 - profit margin of 102
  
• Planet Denver - Buying Niobium for 80, Selling for 160 - profit margin of 80
  

We are hopeful the commercial opportunities to our customers will entice them to make Xuanming Trade Center the one stop shop for all their Niobium (and Platinum) needs.

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Hiroyuki Orihara - Samura Heavy Industries

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