RNS Number:4036Q
Mitsubishi Corporation
01 October 2003


Translation of report filed with the Tokyo Stock Exchange on October 1, 2003

                                                                 October 1, 2003

              Notice Concerning Partial Sale of Net One Stock


Mitsubishi Corporation announced today that it has sold 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 included shares
contributed to the Pension Fund of Mitsubishi Corporation.

1. Shares Sold

(1) Type of shares sold: Common stock of Net One Systems Co., Ltd.
(2) Number of shares sold:

Names of stockholder companies who sold shares  /  Number of shares sold

The Master Trust Bank of Japan, Ltd.

(Retirement Benefit Trust Account and Mitsubishi Corporation Account)  27,600
shares

Mitsubishi Corporation

13,800 shares
(3) Method of sale:

The shares were sold primarily in overseas markets, mainly to European
institutional investors, with UBS Securities Japan Ltd. acting as underwriter.

(4) Value of shares sold:  28,379,700,000 yen
(5) Date of sale: October 1, 2003
(6) Reason for the partial sale of shares

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


2. About Net One Systems Co., Ltd.

(1)    Company name: Net One Systems Co., Ltd.
(2)    President & CEO: Kazuo Sato
(3)    Head office: Sphere Tower Tennozu, 2-8 Higashi Shinagawa 2-chome,
       Shinagawa-ku, Tokyo 140-8621
(4)    Established: February 1, 1988
(5)    Main business activities: Network integration operations
(6)    Fiscal year-end: March 31
(7)    Number of employees: 719 (As of March 31, 2003)
(8)    Primary place of business: Sphere Tower Tennozu, 2-8 Higashi Shinagawa
       2-chome, Shinagawa-ku, Tokyo 140-8621
(9)    Paid-in capital: 12,132 million yen (As of March 31, 2003)
(10)   Number of shares issued and outstanding: 275,948 shares (As of September
       30, 2003)
(11)   Most recent operating results (non-consolidated)

                                             (Million yen except per share data)
                               Year ended March 2002       Year ended March 2003

Net sales                                     80,735                      92,926
Ordinary profit                                6,876                       7,535
Net income                                     3,874                       4,383
Shareholdersf equity                          41,766                      46,067
Total assets                                  57,116                      73,884
Dividend per share (yen)                       1,000                       1,000

3. Number and Composition of Net One Shares Held by Mitsubishi Corporation and
   Contributed to the Pension Fund Before and After the Sale (percentages of Net
   Onefs total number of shares issued and outstanding.)
   
(1)    Number of shares held before sale:
       55,218 shares (20%, of which 10% held by Mitsubishi Corporation)
(2)    Number of shares sold: 41,400 shares
(3)    Number of shares held after sale:
       13,818 shares (5%, held solely by Mitsubishi Corporation)

4. Effect on Earnings

Mitsubishi Corporation will record an extraordinary gain of approximately 8.1
billion yen on the sale of part of its shareholding in Net One on a
non-consolidated basis and a gain on marketable securities and investments
- net of roughly 6.9 billion yen under consolidated U.S. GAAP basis.
Mitsubishi Corporation, however, has not revised its consolidated earnings
forecasts (U.S. GAAP) announced on May 14, 2003.

Mitsubishi Corporation uses consolidated results for management purposes, and
does not disclose non-consolidated earnings forecasts.

                                     # # #

Forward-Looking Statements

The statements included in this release contain forward-looking statements about
Mitsubishi Corporation's future plans, strategies, beliefs and performance that
are not historical facts. Such statements are based on the company's assumptions
and beliefs in light of competitive, financial and economic data currently
available and are subject to a number of risks, uncertainties and assumptions
that, without limitation, relate to world economic conditions, exchange rates
and commodity prices. Accordingly, Mitsubishi Corporation wishes to caution
readers that actual results may differ materially from those projected in this
release.



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