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@1 July 2002
Nissan Motor Co., Ltd.
Mitsubishi Motors Corporation
JATCO Ltd
Diamondmatic Co., Ltd.

Implementation of JATCO and DIAMONDMATIC Share Exchange

@@@@Nissan Motor Co., Ltd. (Nissan), Mitsubishi Motors Corporation (MMC) and JATCO Ltd (JATCO)
concluded a contract on 25 March 2002 relating to the integration of MMC and JATCO automatic (AT)
and continuously variable transmission (CVT) operations. Under the terms of this contract, JATCO and
Diamondmatic Co., Ltd. (DMC) effected an exchange of shares on 1 July 2002.

@@@@Through the exchange of shares, fully-owned MMC subsidiary DMC now becomes a fully-owned
subsidiary of JATCO, while MMC becomes a new shareholder in JATCO. Nissan and MMC equity
holdings in JATCO after the share exchange stand at 82% and 18% respectively.

@@@@The share exchange is designed to boost JATCOfs global competitiveness as an AT/CTV
manufacturer by merging DMCfs development and production operations with those of JATCO. The
merger will increase JATCOfs annual production volume to 3,300,000 transmissions and see a
significant rise in the companyfs status as a global-scale AT/CVT manufacturer. JATCOfs status as a
global supplier is expected to rise further as it expands annual production to 4 million transmissions
within a few years.

@@@@The three parties involved have taken the following steps in advancing the operations merger:

@@@JATCO and DMC are currently working towards a full merger of the two companies in spring
2003.

Please address inquiries relating to this announcement to the following:

Nissan Motor Co., Ltd
Communications Department
Tel: +81(0)3-5565-2141

Mitsubishi Motors Corporation
Public Relations Department
Tel: +81(0)3-5232-7165

JATCO Ltd
General Administrations Department
Tel: +81(0)545-51-0047

Diamondmatic Co., Ltd.
Organization Office

Tel: +81(0)75-864-9201