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Notice Regarding Conclusion of Absorption-type Split Agreement Relating to Transfer of Compressor Business to Group Company

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Tokyo, February 24, 2016 - Today Mitsubishi Heavy Industries, Ltd. (MHI) took a formal decision to transfer its compressor business functions, together with related assets, rights and obligations, to Mitsubishi Heavy Industries Compressor Corporation, a wholly owned subsidiary. Details are provided in the attachment.

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About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.