Notice re Stock Options

RNS Number:7199O
Mitsubishi Corporation
15 August 2003



        Notice Regarding Stock Acquisition Rights (Shinkabu-Yoyaku-ken)


                                                                 August 15, 2003
                                                          Mitsubishi Corporation


Mitsubishi Corporation (the Company) hereby makes the following announcement:
the Exercise Price of the Stock Acquisition Rights to be issued as stock options
(the Stock Acquisition Right(s)) and other related items were decided on the
date hereof pursuant to the resolution passed at the meeting of Board of
Directors held on July 16,2003.


(1)  Date of Stock Acquisition Rights

August 15,2003


(2) Total number of Stock Acquisition Rights to be issued:
1,269 Stock Acquisition Rights
The number of shares to be issued per Stock Acquisition Right shall be 1,000.


(3) Class and number of shares to be issued for the purpose of issuing Stock
Acquisition Rights:

1,269,000 shares of the Company's common stock


(4) The amount to be paid upon exercise of Stock Acquisition Rights

-1- The amount to be paid upon exercise of each Stock Acquisition Right:

958,000yen

-2- The Paid-in value for each share to be issued or transferred upon the
exercise of the Stock Acquisition Rights (the exercise Price):

958yen


The Exercise Price was determined as the closing price on the Issue Date
(958yen); The average of daily closing price, excluding non-trading days, of the
Company's common stock ordinarily traded on the Tokyo Stock Exchange during the
month prior to the issue date of the Stock Acquisition Rights (899yen) fells
below the closing price on the Issue date.



(5) Total paid-in value of the common stock of Company to be issued or
transferred upon exercise of all the Stock Acquisition Rights:

1,215,702,000yen


(6) The capitalized amount of issue price of shares issued with exercise of
Stock Acquisition Rights:
 607,851,000yen (479yen per share)


Notes

-1- Date of resolution of the Board of Directors of the Company that decided the
proposal at the 2003 Ordinary General Meeting of Shareholders of the Company:
May 14,2003

-2- Date of resolution of the 2003 Ordinary General Meeting of Shareholders of
the Company: June 27,2003




                      This information is provided by RNS
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