Mitsui & Co. -- USA -- Selects Vastera for Export Compliance; Leading Trading Company Adds TradeSphere Module to Ensure Compliance

    DULLES, Va.--Jan. 10, 2002--Vastera, Inc. , the leading provider of solutions for Global Trade Management (GTM), announced today that Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA"), a leading international trader and provider of integrated trade services, will add Vastera's module for export compliance to its existing TradeSphere installation.
    Mitsui USA, a wholly owned subsidiary of Mitsui & Co., Ltd., Japan, is a leading world trader, offering integrated services in the areas of transportation logistics, financing, risk management, and project management.
    Last year, in a sixty-day implementation that included integration of Vastera's TradeSphere with SAP, Mitsui USA successfully installed TradeSphere to electronically generate international shipping documentation.
    International orders flow from SAP directly into TradeSphere for accurate and quick documentation. This also allowed Mitsui USA to streamline transactions with customers and other trading partners by electronically sharing documents and shipment information.
    In this new agreement, Vastera will provide Mitsui USA with its module for export compliance to help ensure adherence to the dynamic and country-specific rules and regulations governing global trade.
    TradeSphere will enable Mitsui USA to screen all international business transactions for persons and entities designated as terrorists or other blacklisted parties, goods that can be used for weapons and embargoed countries.
    "As the new global trade paradigm unfolds, it is clear that Mitsui (USA) understands the importance of an effective global trade strategy," said Mark Ferrer, President and COO at Vastera. "This strategy focuses on maximizing global supply chain efficiency, minimizing operational costs, and being compliant with international trade regulations. We are proud to continue our strong relationship with such a prolific global trading company as Mitsui USA."

    About Mitsui & Co. (USA), Inc.

    Mitsui USA, a wholly owned subsidiary of Mitsui & Co., Ltd., Japan, has grown as a leader in world trade and a catalyst for global business development. The company's primary businesses are exports, imports, wholesale domestic trade and investments, which are leveraged by extensive service capabilities of its own in logistics, financing, risk management, and project formation and management.
    Mitsui USA is headquartered in New York City with 14 local offices and over 100 consolidated subsidiaries and joint ventures across the U.S. The company's total trading transactions amounted to $8.7 billion for the fiscal year ending December 31, 2000.
    Mitsui USA prides itself for its net export (exports over imports) contribution of billions of dollars annually to the U.S. trade balance. Last year, its parent company, Mitsui & Co., Ltd., was ranked 11th on the "Global 500" list by Fortune.

    About Vastera

    Vastera is the leading provider of solutions for Global Trade Management. Its solutions including software, trade management consulting and managed services, are designed to streamline global business. The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory content, which is updated daily.
    Vastera's solutions drive quick, tangible benefits for its clients by accelerating the flow of goods through the global supply chain, and reducing the associated operational costs. Vastera clients include: Ford, Visteon, Alcatel, Dell, Microsoft, New Zealand Dairy Board and Nortel Networks. For more information, please visit www.vastera.com.

    This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
    Statements in this press release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment.
    These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.