Court Case Settlement

RNS Number:3724K
Mitsubishi Corporation
25 April 2003

Translation of report filed with the Tokyo Stock Exchange on April 25, 2003



                                                                  April 25, 2003



            Notice Concerning Resolution of Court Case by Settlement



Mitsubishi Corporation wishes to serve notice that it has reached a settlement
with plaintiffs in a class action lawsuit brought by purchasers of artificial
graphite electrodes.



1.     Details of the settlement

Mitsubishi Corporation has agreed to pay the plaintiffs a settlement of US$45
million (Approx. 5.4 billion yen) on the condition that they agree to the
dismissal of their civil lawsuit for damages.



2.     Circumstances concerning the filing of the lawsuit and leading up to the
settlement

On January 29, 1999, a class action lawsuit was brought against Mitsubishi
Corporation by the plaintiffs in the U.S. District Court for the Eastern
District of Pennsylvania claiming damages from the company for its alleged
involvement in cartel activity that was carried out by graphite electrode
manufacturers. While Mitsubishi Corporation's stance is that it is not
responsible for any damages resulting from the cartel activity, the company
reached this settlement with the plaintiffs before the case went to trial,
adjudging that this was in the best interests of all stakeholders to avoid the
expense and distraction of further litigation and potential economic losses.
This settlement is subject to the approval of the court and an application to
that effect will now be filed.



3.     Effect on Mitsubishi Corporation's earnings

No further revision will be made to the company's earnings forecasts for the
year ended March 31, 2003, which were revised on April 9. This is because the
effect of this settlement has already been factored into the company's
forecasts.



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