Mitsubishi Motors Corporation (“MMC”) hereby announces that part of the decrease in the amount of capital stock and capital surplus reserve resolved at its board of directors meeting held on December 26, 2013 has been determined.
Based on the “Mitsubishi Motors Capital Restructuring Plan” announced on November 6, 2013, MMC resolved at its board of directors meeting held on December 26, 2013 to decrease the amount of capital stock and capital surplus reserve in the same amount as the increase in capital stock and capital surplus reserve due to the public offering of shares of common stock of MMC (the “Offering”) and the issuance of new shares by third party allotment for the purpose of securing a distributable amount as required under the Companies Act upon the acquisition of shares of preferred stock of MMC (for the details thereof, please see the press release dated December 26, 2013 titled “Notice Regarding Decrease in Amount of Capital Stock and Capital Reserve,” the press release dated January 7, 2014 titled “Notice Regarding Issuance of New Shares and Secondary Offering of
Shares, and Decrease in Amount of Capital Stock and Capital Reserve” and the press release dated January 22, 2014 titled “Notice Regarding Determination of Issue Price and Selling Price, and Decrease in Amount of Capital Stock and Capital Reserve”). Upon the completion of the payment of the Offering, the amount of capital stock and capital surplus reserve to be decreased in relation to the increase in the amount of capital stock and capital surplus reserve, as increased by the Offering, has been determined and became effective as follows on January 29, 2014. There is no change in other matters described in the press releases mentioned above.
Details of the decrease in the amount of capital stock and capital surplus reserve :
1. Amount of capital stock decreased
121,940,000,000 yen
2. Amount of capital surplus reserve decreased
121,940,000,000 yen
