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Notice of Acquisition of U.S. Material Handling Equipment Dealer, Pon Material Handling NA, Inc.

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Mitsubishi Logisnext Co., Ltd. (the “Company”) is pleased to announce that as a result of the Board of Directors meeting

held today on April 11, 2019, the Company’s consolidated subsidiary Mitsubishi Logisnext Americas Inc. (“MLNA”) will

acquire all of the outstanding equity interests of Pon Material Handling, NA, Inc. (“PMH”), a U.S. material handling

equipment dealer operating its business under the name of Equipment Depot.