Press Release

Mitsubishi Motors Appoints Yoichiro Okazaki as Chairman, President & CEO

Tokyo, April 30, 2004 -- Mitsubishi Motors Corporation (MMC) today announced that Yoichiro Okazaki, former director at Mitsubishi Heavy Industries, was officially appointed the company's chairman, president and chief executive officer following an extraordinary shareholders' meeting and board of directors' meeting held today.

Speaking at a news conference in Tokyo this afternoon, Okazaki said: "Mitsubishi Motors is facing its toughest challenge ever. I believe it is our responsibility to society at large to rebuild the company as quickly as possible. As the new chairman, president and CEO, I am fully committed to doing everything I can to get the company back on its feet.

"Our manufacturing plants are alive and well. While tapping this vitality in our factories and building on our heritage of engineering excellence, I believe that returning to the basics of Japanese craftsmanship will pave the way for a return to the strong Mitsubishi Motors of the past," he said.

"To revitalize the company's operations, however, we firstly need to reform our corporate culture. I intend to make a fresh start by increasing transparency to create a company you can trust."

Yoichiro Okazaki

1.	Date of Birth:	December 16, 1942
2.	Education: March 1965	Graduated from School of Science and Engineering I at Waseda University
3.	Career:
	April 1995	Deputy General Manager, Sagamihara Machinery Works of Mitsubishi Heavy Industries, Ltd.
	April 1997	Chief Engineer, General Machinery & Components Headquarters
	May 1997	President of Mitsubishi Caterpillar Forklift America Inc.
	June 1999	President of Mitsubishi Caterpillar Forklift America Inc. Director, Chief Coordinator, General Machinery & Components Headquarters
	April 2000	President of Mitsubishi Caterpillar Forklift America Inc. Director, Chief Coordinator, General Machinery & Special Vehicle Headquarters
	April 2001	Director, General Manager, General Machinery & Special Vehicle Headquarters President of Mitsubishi Caterpillar Forklift America Inc.
	May 2001	Director, General Manager, General Machinery & Special Vehicle Headquarters Retired the post of President, Mitsubishi Caterpillar Forklift America Inc.
	June 2001	Director, General Manager, General Machinery & Special Vehicle Headquarters Held also the post of Director, Shin Caterpillar Mitsubishi Ltd.
	June 2001	Managing Director, General Manager, General Machinery & Special Vehicle Headquarters
	February 2004	Assistant to the President, Mitsubishi Heavy Industries, Ltd.
	April 2004	Chairman of the Board, President & CEO and Member of the Board (Representative Director)