OREANDA-NEWS. Mitsubishi Motors Corporation (MMC) announced that today at a Board of Directors meeting MMC decided to change its corporate structure to a "Company with Supervisory Committee," pending approval at its 47th Ordinary Shareholders Meeting scheduled to convene in late June, 2016.

1. Reason for the Change MMC has continually taken steps to strengthen its corporate governance structure in order for sustainable growth of the company and to enhance corporate value. Now in order to separate supervisory and business execution functions, to further strengthen the supervisory functions of its Board of Directors meeting, and to perform swift decision-making, MMC has decided to change its corporate structure to a "Company with Supervisory Committee.

2. Schedule The change to a "Company with Supervisory Committee" is to be implemented subsequent to approval of necessary changes to MMC's Articles of Incorporation at its 47th Ordinary General Shareholders Meeting scheduled to convene in late June, 2016.

3. Others MMC plans to disclose information regarding details of the change to a "Company with Supervisory Committee" including the changes to the Articles of Incorportion and related appointments of directors, as soon as they are decided.