Dr. Cordes, who joined MMC's Board in April 2004, has recently been appointed to head DaimlerChrysler AG's Mercedes Car Group and voluntarily resigned from his role with MMC to avoid a possible conflict of interest between the two responsibilities.

Mr. Andreas Renschler, head of the Commercial Vehicles Division at DaimlerChrysler AG, has been selected by DaimlerChrysler to replace Dr. Cordes as a non-executive Member of the Board at Mitsubishi Motors Corporation. MMC's next scheduled ordinary shareholder's meeting will be held in June 2005.

MMC and DaimlerChrysler AG are currently cooperating on various joint development and production projects. For further information regarding MMC's corporate profile and list of current Members of the Board, please visit the following website:
http://www.mitsubishi-motors.com/corporate/about_us/profile/e/index.html