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Notice Regarding Results of Tender Offer for Shares in Mitsubishi Motors Corporation and Booking of Extraordinary Gain in FY2017

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Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries, Ltd. (MHI) announced on February 20, 2018 that it would apply for a tender offer by Mitsubishi Corporation (MC) to acquire its shares in Mitsubishi Motors Corporation (MMC). MHI hereby announces that the Tender Offer was completed on March 20, 2018 and the number of tendered shares was determined as follows.

    1. Number of tendered shares in the Tender Offer

    (1) Number of MMC shares held by MHI before tender offer 148,062,055 (shareholding ratio: 9.9%)
    (2) Number of tendered MMC shares 126,429,575 (shareholding ratio: 8.5%)
    (3) Number of MMC shares held by MHI after completion of tender offer 21,632,480 (shareholding ratio: 1.5%)

    The number of shares includes shares of MMC indirectly held by MHI Automotive Capital. LLC
    1 & 2 (Note1).
    Note 1: MHI Automotive Capital. LLC 1 is a silent partnership in which MHI Automotive Capital, a wholly-owned subsidiary of MHI, is the business operator and MC is the capital contributor (silent partner). The contributor of MHI Automotive Capital. LLC 2 is Bank of Tokyo-Mitsubishi UFJ, Ltd.

    2. Future Outlook

    With the partial sale of shares of MMC, MHI expects to book sales of securities as an extraordinary gain of 28.7 billion yen for fiscal 2017. MHI will provide notice in future cases that may require an adjustment of the consolidated business forecast for this fiscal year, taking into account its other business operations.