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PRESS RELEASE

Establishment of “Fuso Ethics Committee”

January 26 , 2005

Mitsubishi Fuso Truck & Bus Corporation (MFTBC) will establish “Fuso Ethics Committee” on January 31. This committee will monitor the policy and measure for corporate compliance from “outsider’s viewpoints”, and directly make recommendation and proposal to the board of directors. As a part of company’s system strengthening activities to restore confidence, this committee was designed to develop the specific action guidelines for business activities and employees’ behavior for establishment of the in-house compliance structure.

The existing “Corporate Ethics Committee”, which consists of six in-house committee members, was drastically reorganized to establish this new committee. It will be composed of seven members including five outside intellectuals, an in-house member (an executive officer in charge of corporate ethics) and a representative of the Labor Union, further enhancing the “outsider’s viewpoints”.

1. “Fuso Ethics Committee” profile
1) Members
[ Outside committee members ]
Mr. Kozo Fujita (chairman): Former President of the Hiroshima High Court, former Chairman of Public Security Examination Commission and now practices law
Mr. Keisuke Kitajima (member): Former Public Prosecutor General and now practices law
Mr. Tadahiro Fujikawa (member): Journalist
Above three members have been fixed as members of the committee, and we are currently asking for agreement from two other candidates. We will inform you as soon as it is fixed.

[ In-house committee member ]
Mr. Michio Hori (member): Chairman and representative director,
Mitsubishi Fuso Truck & Bus Corp. and executive officer in charge of corporate ethics

[ Labor Union ]
Mr. Yasuo Ohizumi (member): President, Mitsubishi Fuso Truck & Bus Workers Union

2) Planned activities
  • The first meeting of “Fuso Ethics Committee” will take place early in February. A report on the findings of the in-house survey by outside lawyers and a report on the reexamination of the Mitsubishi Fuso action guidelines will be submitted.
  • Report on the “Compliance policy” by department.
  • Inspection of the plant and exchange of opinions with plant officers.
  • Confirm the content and handling of information accepted through the help line from within and outside the company, such as whistle-blowing.

2. Organizational backup for Fuso Ethics Committee
We are planning to newly establish “Compliance Promotion Office”, which will serve as the Secretariat of Fuso Ethics Committee to promote and actively implement the recommendation and proposal of the committee in daily business activities and employees’ behavior.

“Compliance Promotion Office” is to carry out the following functions:
1. Secretariat of Fuso Ethics Committee
2. Counselor’s Office for employees
3. Planning/implementation of education/training for compliance/ethics
4. Development of internal organization for compliance
5. Social contribution activities
6. Planning/implementation of compliance measure for Mitsubishi Fuso group

It will ensure thorough compliance and conduct ethics related education as well as social contribution activities.

While we create “Fuso Ethics Committee” which includes “outsider’s viewpoints”, we will further try to reform our corporate culture and abide by the compliance with the rules in order to fulfill our social responsibilities through a variety of internal and external activities.

3. A brief profile of Mr. Kozo Fujita, Chairman of Fuso Ethics Committee
  • The date of birth: 11, January, 1932
  • Education background: March, 1955 Graduated from the School of Law of Tokyo University
  • Professional background:
    May 1991 – March 1993, President of the Tokyo District Court,
    November 1995 – January 1997, President of the Hiroshima High Court,
    April 2004, Visiting professor of Surugadai Low School and now practices law

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