Notice of Change in the Trading Unit of Common Shares

    TOKYO, April 27 Honda Motor Co., Ltd., announced today its
intention to change the trading unit of its Common Shares. This revision was
resolved at the meeting of the Board of Directors held on April 27, 2001 as
follows:

    1. Reason of the revision
       To broaden its shareholder base and to increase the liquidity of its
       Shares in the stock markets.

    2. Revised trading unit
       The Company shall change the trading unit of its Common Shares from the
       current one thousand (1,000) to one hundred (100).

    3. Effective date of the revision
       As of August 1, 2001

    Notes:
    1.  The change in the new trading unit shall be subject to resolution for
        the amendment to the Company's Articles of Incorporation relating to
        the Number of one unit at the 77th Ordinary General Meeting of
        Shareholders to be held on June 28, 2001.

    2.  In accordance with this change, the trading unit for the Company's
        Common Shares on the Tokyo stock exchange, Osaka securities exchange,
        Nagoya stock exchange, Fukuoka stock exchange and Sapporo stock
        exchange will be reduced from 1,000 to 100 shares effective August 1,
        2001. This change will have no effect on the Company's American
        Depositary Receipts.

                    MAKE YOUR OPINION COUNT -- Click Here
               http://tbutton.prnewswire.com/prn/11690X56376646