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Mitsubishi Motors to relocate head office

Tokyo, July 4, 2005  — Mitsubishi Motors Corporation has recently decided to relocate its head office, moving from its present address at the Shinagawa Mitsubishi Building, 2-16-4 Konan, Minato-ku to the Daiichi Tamachi Building, 5-33-8 Shiba, Minato-ku in December next year. The decision was prompted by the fact that the lease on the current head office property expires next year.

Mitsubishi Motors used to have its head office at the Daiichi Tamachi Building until April 2003. The company has taken the decision to move back because the Daiichi Tamachi Building will become available for occupancy again in the fall of 2006 and because it will realize cost reductions.

Mitsubishi Motors had been planning to relocate head office functions to Kyoto but the company has decided to re-examine the scale and timing of the relocation as the prospects for achieving the Mitsubishi Motors Revitalization Plan grow stronger. As a result, Mitsubishi Motors has decided to locate its head office at the Daiichi Tamachi Building from December next year and thereby devotes its efforts to the ongoing drive to achieve the Revitalization Plan.