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| Notice on Movement of Major Shareholders |
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Tokyo, December 8, 2005
— The following movement of major shareholders occurred on December 8, 2005.
1. Background of the transfer
JP Morgan Securities Ltd. announced today that due to a purchase of common shares from funds controlled by Phoenix Capital, the company now holds 557,580,433 Mitsubishi Motors Corporation (MMC) shares. With this purchase, as detailed below, JP Morgan Securities Ltd. has become a major MMC shareholder.
2. Party involved
| Name |
J.P. Morgan Securities Ltd. |
| Head Office |
125 London Wall, London ECY 5AJ, UK |
| Representative |
James T. Brown |
| Main Operations |
Securities |
3. Number of shares held, ownership percentage, and shareholder rank
| J.P. Morgan Securities Ltd. |
Shares Held |
Ownership Percentage |
Rank |
| Pre-purchase |
32,580,433 |
0.72% |
- |
| Post-purchase |
557,580,433 |
11.35% |
No. 3 |
| * |
a. Common shares outstanding as of Dec. 7, 2005 |
4,490,401,399 |
| b. Non-voting right carrying shares |
4,679,399 |
| a - b |
4,485,722,000 |
| * |
a. Common shares outstanding as of Dec. 8, 2005 |
4,917,250,472 |
| b. Non-voting right carrying shares |
4,680,472 |
| a - b |
4,912,570,000 |
As of December 8, 2005, all outstanding B class preferred shares have been converted.
4. Date of transaction
December 8, 2005
5. Expectations going forward
In order to secure the revitalization of Mitsubishi Motors Corporation, domestically and globally and from an operational and financial perspective, with the cooperation of 3 Mitsubishi group companies, Mitsubishi Heavy Industries, Ltd. (MHI), Mitsubishi Corporation (MC), and The Bank of Tokyo-Mitsubishi, Ltd. (BTM), the 3-year business plan announced on January 28, 2005 is being implemented.
As announced together with the 3-year business plan, MHI, MC, and BTM will increase their holdings in MMC to a combined 34% of outstanding common shares during fiscal 2005.
To this end, through the conversion of preferred shares, MHI will increase its holdings in MMC to 15% of outstanding common shares on December 2005. As a result, MMC will become an equity-method affiliate of MHI.
Currently, members of MHI, MC, and BTM sit on MMC's board of directors and audit committee. Also, through the Business Revitalization Monitoring Committee, MMC receives a thorough outside check of on the progress of the business plan as well as advice as requested. These are examples of the continued strong support and guidance MMC is receiving from the 3 Mitsubishi group companies.
With the support from these 3 companies as a foundation, all directors and staff of MMC are combining all efforts into the promotion of the 3-year plan.
----------------------------------------------------- ( For reference ) -----------------------------------------------------
Major shareholders before this transaction
(as of Dec. 7, 2005, excluding shares held under joint custody)
| Rank |
Shareholder |
Shares Held
(thousand shares) |
Ownership
Percentage |
| 1 |
Mitsubishi Heavy Industries, Ltd. |
580,683 |
12.94% |
| 2 |
Mitsubishi Corporation |
571,065 |
12.73% |
| 3 |
Phoenix Capital Partners One, Inc. |
228,000 |
5.08% |
| 4 |
The Bank of Tokyo-Mitsubishi, Ltd. |
203,949 |
4.54% |
| 5 |
Phoenix Capital Partners Four, Inc. |
183,000 |
4.07% |
| 6 |
Phoenix Capital Partners Two, Inc. |
114,000 |
2.54% |
| 7 |
Japan Securities Finance Co., Ltd. |
72,430 |
1.61% |
| 8 |
JP Morgan Whitefriars Inc. |
51,534 |
1.14% |
| 9 |
Phoenix Capital Partners Three, Inc. |
50,000 |
1.11% |
| 10 |
The Master Trust Bank of Japan, Ltd. (Trust account) |
43,485 |
0.96% |
| * |
DaimlerChrysler AG sold its holdings of 548,372,000 shares to Goldman Sachs International on Nov. 11, 2005 and thus ceased being a major shareholder. |
| * |
Goldman Sachs International sold virtually all of the holdings it had purchased from DaimlerChrysler AG on Nov. 14, 2005 and thus ceased being a major shareholder. |
Major shareholders after this transaction
(as of Dec. 8, 2005, excluding shares held under joint custody)
| Rank |
Shareholder |
Shares Held
(thousand shares) |
Ownership
Percentage |
| 1 |
Mitsubishi Heavy Industries, Ltd. |
580,683 |
11.82% |
| 2 |
Mitsubishi Corporation |
571,065 |
11.62% |
| 3 |
J.P Morgan Securities Ltd. |
557,580 |
11.35% |
| 4 |
The Bank of Tokyo-Mitsubishi, Ltd. |
203,949 |
4.15% |
| * |
This list of major shareholders is based on figures as of Sept 30, 2005. |
| * |
| a. Common shares outstanding as of Dec. 8, 2005 |
4,917,250,472 |
| b. Non-voting right carrying shares |
4,680,472 |
| a - b |
4,912,570,000 |
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| * |
As of December 8, 2005, all outstanding B class preferred shares have been converted. |
| * |
Phoenix Capital sold 525,000,000 shares of its holdings it held in four funds, total holdings were 575,000,000 shares pre-sale, to J.P. Morgan Securities Ltd. December 8, 2005. |
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