Mitsubishi Announces Changes to Ownership Structure in Indonesian Operation

TOKYO - December 3, 2007: Mitsubishi Motors Corporation (MMC) announced today that an agreement has been reached among several Indonesia- and Japan-based companies: P.T. Krama Yudha (KY); Mitsubishi Corporation (MC) and its 100% subsidiary MC Automobile Holding Asia B.V (MCAH); Mitsubishi Fuso Truck and Bus Corporation; and MMC; regarding share participation in P.T. Krama Yudha Tiga Berlian Motors (KTB) of Indonesia and P. T. Mitsubishi Krama Yudha Motors and Manufacturing (MKM) of Indonesia. Transactions based on this agreement have been closed. The agreement principally calls for MFTBC to acquire equity positions in KTB and MKM. At the same time, MMC will take a stake in KTB, while transferring share of MKM to MFTBC. The new shareholding structure of KTB is 40% by MCAH, 40% by KY, 18% by MFTBC, 2% by MMC. The new shareholding structure of MKM is 32.28% by MC, 32.28% by MFTBC, 17.22% by KTB, and 18.22% by KY.

The new ownership structure of KTB and MKM is expected to bring strategic advantages to all parties related to MMC's vehicle and MFTBC's truck business in Indonesia.

KTB is a sales organization, marketing MMC vehicles and MFTBC trucks in Indonesia. MKM is a production company that makes several components and stamping parts for local assembly of MMC and MFTBC products for the Indonesian market.

Indonesia is MMC's one of the most important markets among ASEAN countries, accounting for over 200,000 unit sales in the past five years. MMC is one of the major car manufacturers in the Light Commercial Vehicle segment in Indonesia, with market share more than 30%. MMC sold 23,591 units in the first ten months of 2007 which was a 29% increase over the same period last year. MMC's local product lineup includes light commercial vehicle as well as minivans and sedans.

Under the new business structure, MMC will continue its strong commitment to the Indonesian market via locally produced light commercial vehicles as well as passenger vehicles and one-ton pickup trucks built in Thailand. MMC will also expand the product line-up according to local market needs and move forward growing its business base.