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                                                                                  February 5, 2008




Booking of financial losses consequent to closing of Australian subsidiary
production facility



Mitsubishi Motors Corporation hereby gives notice that for the 2007 fiscal year (April 1 2007 to
March 31 2008) it will be booking as a loss restructuring and other expenses incurred as a result of
closing the production facility of its Australian subsidiary as per following details.
1.   Reason for booking of loss
Mitsubishi Motors Corporation (MMC) and its production and sales subsidiary in Australia,
Mitsubishi Motors Australia Ltd.(MMAL), after a detailed analysis of the current structure of their
operations in Australia, today decided to cease production activities and to concentrate on the
sales and marketing of imported built-up vehicles in order to assure long-term growth of their
business in the country. Following this decision, MMC will book as a loss expenses incurred
through the closing down of its production facility in Australia.
2.   Future prospects
(1) Impact on MMC earnings
MMC will book a loss of ¥22 billion in fiscal 2007 (April 1 2007 to March 31 2008) for restructuring
and other expenses incurred through the closing down of its local production facility in Australia.
The majority of this loss will be booked as extraordinary losses. Because MMC expects to be able
to make up this loss as a result of improved operating and ordinary profits consequent to higher
sales and favorable foreign exchange rate trends, however, the company leaves unchanged its
full-year net income forecast of ¥20 billion as announced on October 30 2007.


Consolidated results forecasts

                                                                                (Million yen)

                                            Operating         Ordinary
                           Revenue                                             Net income
                                             income           income
 Previous forecast
                            2,700,000             70,000            47,000           20,000
 (A)
 Revised forecast
                            2,670,000             80,000            60,000           20,000
 (B)
 Change in amount
                             30,000               10,000            13,000                  -
 (B-A)
 Percentage
                                 1.1%             14.3%             27.7%                   -
 change
 (For reference
 only)
 Results for same
                            2,202,869             40,237            18,542             8,745
 period last fiscal
 year (year ending
 March 2007)
(2) Impact on net assets
As stated in the preceding paragraph (1), because the net income forecast after taking into
account the loss incurred through the closure of the local production facility in Australia remains
unchanged, the company expects there to be no impact on net assets.


For reference: MMAL corporate outline
1.   Principal business: Import, assembly and sales of automobiles
2.   Background to establishment: In April 1980 Mitsubishi Motors Corporation and Mitsubishi
     Corporation acquired all the shares of Chrysler Australia Ltd. and changed its name to the
     current name (MMAL) in October of the same year.
3.   Head office: Adelaide, South Australia, Australia
4.   Representative: Robert McEniry
5.   Capitalization: AU$1.44 billion
6.   Employees: 1,164
7.   Relationship to MMC: Consolidated subsidiary
8.   Major shareholders and stakes: Mitsubishi Motors Corporation, 100%
9.   Site area: 701,600 sq. m.
10. Floor space: 174,000 sq. m.
11. Annual production capacity: 30,000 vehicles
12. Models produced: "380"
13. Models sold: "380", Triton, Lancer, Pajero and others.


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