Three of our former executives have been indicted for making false reports in violation of the Road Trucking Safety Law, with penalties imposable against both employees and employer, and as such, our company is liable to be prosecuted.

As for the punishments for both employee and employer, since we cannot deny the wrong doing of these three accused men and our company has also been charged with blame, there is no independent statement that our company can make. Consequently, at today's first public hearings, in line with the facts surrounding the case, we made statements similar to the three other persons apart from those accused.

With the view that our company is also a defendant, at this point in time with the above comment in mind, we will keep watch for the final verdict.

Although the above comments pertain to our legal viewpoint, this does not change the feelings of remorse that we extend to the deceased, who perished due to this incident, or to their survivors. Once again, I solemnly reflect on this matter, and dedicate myself completely to the continuous pursuit of compliance enforcement and quality improvement.

September 1, 2004

Hideyasu Tagaya
President
Mitsubishi Motors Corporation