OREANDA-NEWS. NS Solutions Corporation ("NSSOL"), a subsidiary of Nippon Steel & Sumitomo Metal Corporation, has announced its decision, adopted at the meeting of the Board of Directors held today, to launch a tender offer to repurchase a portion of its outstanding common stock (hereinafter referred to as the "Tender Offer").

Further, the Board of Directors of the Company resolved today that the Company will accept the Tender Offer and sell 6,493,500 shares (approximately 20 billion yen) of its current holdings of NSSOL common stock.

Any such sale by the Company of NSSOL common stock will not have a material impact on the Company's consolidated results of operations.