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Kobe Steel Ltd. (KBSTY) Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Kobe Steel Ltd. (OTCMKTS: KBSTY) who purchased shares between May 29, 2013 and October 12, 2017. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.

In particular, the complaint alleges that (i) the Company falsified data on many of its products sold to customers; (ii) the Company sold products that failed quality control tests in violation of laws and regulations; (iii) the Company’s financial performance relied on selling products that did not meet quality standards in violation of laws and regulations; (iv) the Company would incur significant costs and lose customers if customers became aware of the substandard quality of products they purchased; (v) the Company’s compliance initiatives, corporate governance and risk management activities were ineffective and inadequate at preventing misconduct; (vi) the Company’s internal reporting systems failed to foster employee participation and adequately address employee concerns, and senior management hyper-emphasized profitability at all costs, thus promoting a culture of corner-cutting and deterring employees from making claims over product quality for fear of retribution and/or management failing to properly investigate claims; and (vii) as a result of the foregoing, Kobe Steel’s shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.

Shareholders have until February 26, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

Keep Me Informed

The Klein Law Firm does not share your information with others. There is no cost or obligation. This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained The Klein Law Firm to represent you as a named plaintiff in a shareholder action involving Kobe Steel Ltd.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other Kobe Steel Ltd. shareholders.

Sincerely,

The Klein Law Firm

Joseph Klein

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