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Mitsubishi Motors Corporation announces changes in management at NedCar

Tokyo, May 27, 2005  — Mitsubishi Motors Corporation (MMC) announced changes in senior management positions at its European production facility Netherlands Car B.V. (NedCar) to take effect on June 30. Makoto Ochi will take up the positions of Chairman and Chief Executive Officer while Joost Govaarts will assume the posts of President and Chief Operating Officer. Gunter Butschek, current NedCar President and CEO, will resign from the company on the same date.

NedCar forms a cornerstone in Mitsubishi Motors' global production network and plays a vital role in the growth and expansion of the company's operations in Europe. The senior appointments announced today will insure continuity of the ongoing production efficiency improvement and cost reduction programs in the drive to strengthen NedCar's operating platform and its future sustainability.

Europe represents a vital market for Mitsubishi Motors in its efforts to revitalize its operations. MMC is aiming to stabilize, consolidate and grow its operations in the region through the forward-looking introduction of new products in the current fiscal year.

NedCar officer appointments, effective June 30:


Name New appointment Current appointment
Makoto Ochi Executive Officer (MMC)
Chairman and CEO, NedCar
Executive Officer (MMC)
Plant General Manager of
Powertrain Plant
Joost Govaarts President and COO, NedCar Executive Vice President and
CFO, NedCar
Gunter Butschek Resignation President and CEO, NedCar