Public Relations Department Mitsubishi Motors Corporation Executive Salary Cuts Sep. 28, 2000 As part of its measures to reform its management, Mitsubishi Motors has decided to reduce the salaries of current and former executives for the month of October because of quality-related problems which occurred due to lack of supervision regarding quality issues. [Executive salary reduction is as below:] 1. President and CEO 40% reduction 2. Executive Vice President and CFO President of Mitsubishi FUSO Truck & Bus Company 35% reduction 3. Other Executives (SEO *1 , EO *2 , Fellow, Overseas Fellow) 20 - 30% reduction 4. Former Executives 10 - 15% reduction *1 Senior Executive Officer *2 Executive Officer