OREANDA-NEWS. Mitsubishi Motors Corporation ("MMC") has executed today with Mitsubishi Heavy Industries, Ltd. ("MHI") an agreement regarding the services related to technical development support and quality assurance in considering about research and development on new products, quality improvement of whole products and others by MMC and its group companies.

1. Purpose of the Execution of the Technical Support Agreement
As announced in "Notice Regarding 'Mitsubishi Motors Capital Restructuring Plan'" dated November 6, 2013, MMC has decided on November 6, 2013 to formulate the "Mitsubishi Motors Capital Restructuring Plan" and implement various measures under that plan, and MMC has executed a memorandum of understanding regarding the capital policy (the "MOU") with MHI and other parties that hold shares of preferred stock of MMC.

MMC and MHI have had discussions on the execution of a technical support agreement under which MHI will provide MMC with technical support in aspects of development and quality pursuant to the MOU, and have executed the Technical Support Agreement today.

2. Details of the Technical Support Agreement
The details of the Technical Support Agreement are as follows.
(1) Purpose Research and development of new products, and improvement in quality of whole products and others of MMC and its group companies.
(2) Specific theme The specific theme will be selected from the following areas by matching mutual needs and seeds, and upon consultation between MMC and MHI:
(i) area where technology and intellectual property rights held by both companies may be applicable;
(ii) area which may contribute to the reform and improvement of value chains of both companies;
(iii) area where synergy may be increased by combining the technology of both
companies;
(iv) area which is directly linked to the business of both companies such as advanced technology for the development of next-generation products; or
(v) area which contributes to the improvement of the quality control system of both companies.