Mitsubishi Corporation

Press Room

March 27, 2015
Mitsubishi Corporation

Supplementary Details Regarding Transfer of Shares in Consolidated Subsidiary

Mitsubishi Corporation (MC) announced on February 20, 2015 that its shares (70% of all outstanding stock) held in its consolidated subsidiary Alpac Forest Products Inc. (AFPI) and its shares (100% of all outstanding stock) held in Alpac Pulp Sales Inc. (APSI) will be transferred to Hokuetsu Kishu Paper Co., Ltd. (Hokuetsu Kishu). This notice serves to provide details regarding the value of the shares being transferred and the date of execiution of share transfer agreement.
1.     Shares transferred in AFPI and APSI will be valued at CAD 51.8 million (approximately JPY 4.96 billion)*
         * 1 CAD = 95.9 JPY
2.     Schedule
Date of Meeting for the Board of Directors
 February 20, 2015
Date of Execution of Share Transfer Agreement
 March 31, 2015
Date of Transfer of Shares
 Mid June, 2015
3.     Business Outlook
The current transaction is expected to have negligible impact on MC’s consolidated performance.

Inquiry Recipient

Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705