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PRESS RELEASE

DaimlerChrysler and Mitsubishi group companies
Acquire equity holdings in Mitsubishi Fuso

March 14, 2003

Tokyo, March 14, 2003— Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso) announces that DaimlerChrysler and certain Mitsubishi group companies today completed the required procedures for acquiring equity holdings in Mitsubishi Fuso. As a result, DaimlerChrysler, MMC and certain Mitsubishi group companies now hold equity shares in Mitsubishi Fuso of 43%, 42% and 15% respectively.
Mitsubishi Fuso President & CEO Wilfried Porth commented on this latest forward- looking development, saying: “Mitsubishi Fuso has made a new start as a dedicated commercial vehicle manufacturer. Accelerating the pace of our collaboration with DaimlerChrysler will enable us to consolidate and bolster further our business foundation and financial standing both in Japan and in overseas markets. This will make Mitsubishi Fuso more competitive, both as a company and as brand, and will see us grow into a more internationally- and customer-oriented company; one that commands a strong global presence.”


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