Mitsubishi Motors' Sales Division President & COO Greg O'Neill Resigns

CYPRESS, Calif., Dec. 1, 2003 -- Greg O'Neill today announced his resignation as President & COO of Mitsubishi Motors North America, Inc. (MMNA), Sales Division, effective December 31, 2003. He stated: "For me, it was time for a change. Frankly, with the restructuring, I had worked myself out of a role. I will be announcing my new role, outside Mitsubishi, at the end of the year. In the meantime, I will remain to assist in the orderly transfer of responsibilities. I have great confidence in the new leadership team and the direction the company is heading."

Finbarr O'Neill, Co-Chairman and CEO, MMNA stated: "We appreciate Greg's contribution to Mitsubishi. He has developed strong awareness for the brand, worked assiduously to ensure reflection of the dealer voice through development of the Mitsubishi Dealer Advertising Associations, Advisory Boards and Marketing Councils, and has initiated an order-to-delivery production ordering system which is a leading model on how to align production and demand. We appreciate Greg's help in the transition and we wish him well in the future."

Mitsubishi Motors North America, Inc., (MMNA) is responsible for all manufacturing, finance, sales, marketing, research and development operations of the Mitsubishi Motors Corporation in the U.S., Canada, Mexico and Puerto Rico. Mitsubishi Motors sells coupes, convertibles, sedans and sport utility vehicles through a network of nearly 700 dealers throughout North America. For more information, contact the Mitsubishi Motors News Bureau at (888) 560-6672 or visit media.mitsubishicars.com .