MBC Mitsub.Corp

TIDMMBC

RNS Number : 6412I

Mitsubishi Corporation

27 March 2015

(Translation of report filed with the Tokyo Stock Exchange on March 27, 2015)

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 
 
 (1)   Date of Meeting      February 20, 2015 
        for the Board 
        of Directors 
----  -------------------  ------------------ 
 (2)   Date of Execution    March 31, 2015 
        of Share Transfer 
        Agreement 
----  -------------------  ------------------ 
 (3)   Date of Transfer     Mid June, 2015 
        of Shares 
----  -------------------  ------------------ 
 
   3.   Business Outlook 

The current transaction is expected to have negligible impact on MC's consolidated performance.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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