Notice Regarding Issue of Stock Options for Stock-linked Compensation

Tokyo, July 31, 2014 -- Mitsubishi Heavy Industries, Ltd. (the "Company") hereby gives notice that its Board of Directors decided to grant to its Directors - excluding External Directors, Senior Vice Presidents of the Company, and a former Senior Vice President assigned to overseas at that time (presently Senior Corporate Advisor) stock acquisition rights as stock options in a stock-linked compensation scheme, pursuant to Article 238, Paragraph 1 and 2, and Article 240, Paragraph 1 of the Corporate Law, with an aim to further enhance the motivation and morale of its Directors and Executive Officers so as to improve the Company's business performance.