RNS Number:5992Q
Mitsubishi Corporation
07 October 2003

Translation of report filed with the Tokyo Stock Exchange on October 7, 2003



                                                                 October 7, 2003



           Notice Concerning Liquidation of a Subsidiary in Thailand



At the executive committee held today, Mitsubishi Corporation reached the
decision to liquidate MC Automobile (Thailand) Company Limited, a wholly owned
subsidiary established in Thailand in 1998. Details of the decision are as
follows.





1.      Outline of the Subsidiary

(1) Company name:                     MC Automobile (Thailand) Company Limited

(2) President & CEO:                  Goro Shintani

(3) Head office:                      1088 Vibhavadi Rangsit Rd., Ladyao,
                                      Chatuchak, Bangkok, 10900, Thailand

(4) Date established:                 October 26, 1998

(5) Main business activities:         Investment activities in Thailand

(6) Fiscal year-end:                  December 31

(7) Number of employees:              None

(8) Primary place of business:        Bangkok

(9) Capital:                          6,000,000,000 Bahts

(10) Number of shares issued and outstanding: 6,000,000 shares

(11) Most recent operating results:

(Upper-row figures: millions of baht; lower-row figures in parentheses: millions
of yen, calculated at a rate of 1 baht to 2.78 yen)

                                              Year ended December 2002           Year ended December 2001
Net sales                                                            0                                  0
Gross profit                                                         0                                  0
Operating income                                                     0                                  0
Ordinary income                                                    104                                  0
                                                                 (289)
Net income                                                         104                                  0
                                                                 (289)
Total assets                                                     6,136                              6,032
                                                              (17,058)                           (16,769)
Total Shareholdersf equity                                       6,136                              6,032
                                                              (17,058)                           (16,769)
Dividend per share (yen)                                             0                                  0


2.      Reason for Liquidation

MC Automobile (Thailand) Company Limited was established during the Asian
currency crisis to provide liquidity to Mitsubishi Corporation automobile
subsidiaries and affiliates operating in Thailand. A recovery in earnings and
financial stability at these companies means MC Automobile (Thailand) has now
served its intended purpose, resulting in the decision to liquidate the company.



3.      Method of liquidation

MC Automobile (Thailand) is scheduled to be liquidated in fiscal 2004, ending
March 31, 2004, after the recovery of all remaining loans and investments.



4.      Effect on Earnings for Fiscal Year Ending March 31, 2004

The liquidation of MC Automobile (Thailand) will have no impact on earnings
forecasts announced on May 14, 2003 for the year ending March 31, 2004.



                                     # # #



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
END

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