Mazda Establishes Management Advisory Committee

Tokyo, Japan, Dec. 18, 2002 - (JCN Newswire) - Mazda Motor Corporation
today announced the appointment of four advisors to its newly
established Management Advisory Committee. This is in line with the
automaker's May 15 announcement that an advisory committee would be
established within the year as one of several initiatives designed to
enhance corporate governance.

The committee will be comprised of the four management advisors below
and all members of the board of directors. By receiving objective advice
from notable figures with experience and expertise outside the
automotive industry and reflecting this advice in management thinking,
Mazda aims to enhance transparency in management. 

Management Advisors

Ms. Yoko Ishikura
Professor, Graduate School of International Corporate Strategy,
Hitotsubashi University.


Mr. Toshiaki Kakimoto
Chairman, Japan Research Institute.


Ms. Akiko Fukai
Professor and Department Chair, Department of Art Management, School of
Cultural Studies, Shizuoka University of Art and Culture.


Mr. Yoichi Morishita
Chairman, Matsushita Electric Industrial Co., Ltd.


Meeting Schedule

In principle, meetings of the Management Advisory Committee will be held
quarterly.