RNS Number:1657Q
Mitsubishi Corporation
25 September 2003

Translation of report filed with the Tokyo Stock Exchange on September 25, 2003


                                                              September 25, 2003


                Notice Concerning Partial Sale of Net One Stock


Mitsubishi Corporation announced today that it has decided to sell some of its
stockholding in Net One Systems Co., Ltd. (Net One; First Section, Tokyo Stock
Exchange; Stock code: 7518), as detailed below. The partial sale of stock
includes shares contributed to the Pension Fund of Mitsubishi Corporation.


1. Reason for the Partial Sale of Shares

The sale of shares is in congruence with Mitsubishi Corporation's policy of
realigning its asset portfolio based on its Portfolio Management Strategy, a key
element of the company's MC2003 medium-term management plan, as well as Net
One's desire to improve the liquidity of its shares and to attract quality
institutional investors from overseas. Although it is selling some of its shares
in Net One, Mitsubishi Corporation plans to forge a closer relationship with the
company as a business partner.



2. Shares to Be Sold

Common stock of Net One Systems Co., Ltd.



3. Sales Price of Shares

Presently undetermined (To be determined between October 1 and October 3 based
on Net One's share price, market demand and other factors)



4. Number of Shares Scheduled to Be Sold

Up to 41,400 shares of Net One common stock

This is the maximum number of shares that will be sold and a final decision on
the exact number will be made on the day the sales price is determined based on
market demand and other factors.



Names of Stockholder Companies
The Master Trust Bank of Japan, Ltd.                           27,600 shares
(Retirement Benefit Trust Account and Mitsubishi Corporation Account)
Mitsubishi Corporation                                         13,800 shares



5. Method of Sale

The shares will be sold in overseas markets, mainly to European institutional
investors, with UBS Securities Japan Ltd acting as underwriter. The underwriter
may sell some of the underwritten shares to no more than 49 investors solicited
from within Japan.





6. Date of Settlement

It is planned that the sale of the shares will be settled on the third business
day after the date the sales price is determined.




(Notes)

This announcement is not for distribution, directly or indirectly, in or into
the United States. This announcement is not, and is not intended to be, an offer
of securities for sale in the United States.  Securities may not be offered or
sold in the United States absent registration or an exemption from registration.
Any public offering of securities to be made in the United States will be made
by means of a prospectus that may be obtained from Net One Systems Co., Ltd. and
will contain detailed information about Net One Systems Co., Ltd. and its
management as well as its financial statements.  There will be no public
offering in the United States.

No action has been taken to publicly offer securities under the Securities and
Exchange Law of Japan, and no public offering of Net One shares will be made in
the Japanese markets.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

DISGGGZLGKGGFZM