RNS Number:6042N
Mitsubishi Corporation
16 July 2003



                   Notice Regarding Stock Acquisition Rights



July 16, 2003



Mitsubishi Corporation (the Company) hereby makes the following announcement: at
the Meeting of the Board of Directors of the Company held on the date first
written hereof, the Board of Directors decided the details of stock acquisition
rights to be issued as stock option (the Stock Acquisition Right(s)) pursuant to
Article 280-20 and 280-21 of the Commercial Code and the resolution at the 2003
Annual General Meeting of Shareholders of the Company dated June 27, 2003.


1. Name of the Stock Acquisition Rights:

Mitsubishi Corporation, 2003 Stock Acquisition Rights (Shinkabu-Yoyaku-ken)



2. Issue date of Stock Acquisition Rights:

August 15, 2003


3. Total number of Stock Acquisition Rights to be issued:
1,269 Stock Acquisition Rights
The number of shares to be issued per Stock Acquisition Right shall be 1,000.



4. Issue price of Stock Acquisition Rights:
Issued in gratitude


5. Class and number of shares to be issued for the purpose of issuing Stock
Acquisition Rights (the gExercise Priceh):

1,269,000 shares of the Company's common stock


6. The amount to be paid upon exercise of Stock Acquisition Rights:
To be determined on August 15, 2003


7. Total paid-in value of the common stock of Company to be issued or
transferred upon exercise of all the Stock Acquisition Rights :
To be determined on August 15,2003


8. Exercise period
From June 28, 2005 through June 27, 2013


9. Issuance of Stock Acquisition Rights Certificate:
Certificates of Stock Acquisition Rights shall be issued only when the Stock
Acquisition Rights Holders request such issuanceD


10. Capitalization of exercise price
The Exercise Price shall be credited to capital stock account and non-capital
stock account. The portion of Exercise Price credited to capital account shall
be determined by multiplying the Exercise Price by 0.5 (any fraction less than
one (1) yen resulting from such adjustment will be round up to the nearest yen).


11. Place of exercise
HR & Administration Dept, Mitsubishi Corporation



12. Paying agent
The Mitsubishi Trust and Banking Corporation


13. Dividend for shares to be issued upon exercise of the Stock Acquisition
Rights
The Company will pay the full amount of an annual dividend or interim dividend
(being a cash distribution pursuant to Article 293-5 of the Commercial Code), if
any, on the Shares issued upon exercise of the Stock Acquisition Rights for a
dividend accrual period (currently, a six-month period ending on 31st of March
and 30th of September of each year) during which the relevant stock subscription
date falls as if that exercise had taken effect at the beginning of such
dividend accrual period.


14. Treatment in the case of the Company becoming a wholly-owned subsidiary
In the case of the Company becoming a wholly-owned subsidiary of another
corporation by way of share exchange (kabushiki-kokan) or share transfer
(kabushiki-iten), then the Company may cause its obligation for individuals who
will be allotted the Stock Acquisition Rights to be taken over by another
corporation which will wholly-own the Company.



15. Individuals who will be allotted the Stock Acquisition Rights
The Directors, Executive Officers and certain other senior employees of the
Company, 71 persons in total.





(1)    Date of resolution of the Board of Directors of the Company that decided
the proposal at the 2003 Ordinary General Meeting of Shareholders of the Company

 May 14,2003

(2)    Date of resolution of the 2003 Ordinary General Meeting of Shareholders
of the Company
    June 27,2003




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