1. Outline

In the process of achieving the goal of business revitalization under Mitsubishi Motors Corporation's new management, it was determined that it was essential to investigate the reasons for the past recall problems, and to take disciplinary measures as necessary. To achieve this, a team of lawyers from outside the company is in the process of carrying out this investigation.

This investigation began on July 6th this year, and a progress report was issued on October 6th, and although the investigation was scheduled to be completed within this year, unfortunately, we must sincerely apologize as it appears that we will not be able to meet that deadline.

2. Progress

The team of outside lawyers has since July 6th studied relevant trial documents and stored archive materials, as well as heard testimony mainly from those persons closely involved with case in 2000.

This November the company received a progress report from the team of outside lawyers, and afterward at the November 25th meeting of the Business Ethics Committee, the summary of the progress of the investigation was presented. The contents of the report covered the background for the 2000 recall, and the reasons why the defects related to the hub and clutch housing case of the Truck and Bus business were not recalled, which were the main contents of the investigation.

The purpose of the investigation was to clarify the facts of concealment during the 2000 recall problem, however based on the Business Ethics Committee's suggestion, in order to deepen the investigation, we therefore decided to carry out the reinforced investigation by observing the facts that were being gathered in the process of the extended investigation.

3. Reinforced investigation

Based on the received indications, the company will continue the investigation by the external lawyers, and will reinforce the investigation, into the following matters.

1. The role of the management and those who assisted them regarding the fact that the recall problem remained.
2. The recall problem in the eyes of non-executive, rank-and-file employees.
3. The corporate culture and company quality which are the background of the passenger car recall concealment and the hub and clutch housing problem of the truck and bus business.

4. Future steps

In as much as it is possible, we will promptly conclude the reinforced investigation by the team of outside lawyers, receive their final report and, reporting to the Business Ethics Committee, we will clarify where responsibility lies and deal with this strictly. In terms of the reinforced investigation by the team of outside lawyers, the company cooperation team will promote and cooperate fully with the investigation.

Although it will be after reporting to the Business Ethics Committee, the company is considering to complete the reinforced investigation within the fiscal year. After this the company will determine the appropriate disciplinary measures to take.