Agreement Approved on Split-off of MHI's Marine Machinery & Marine Engine
Business Operations to Wholly Owned Subsidiary

Tokyo, July 31, 2013

At a meeting of its Board of Directors convened today, Mitsubishi Heavy Industries, Ltd. (MHI) formally approved an absorption-type company split agreement under which, as the company announced on May 30, its marine machinery and marine engine business will be split off and succeeded by MHI Diesel Service Engineering Co., Ltd. (MHI-DSE), a wholly owned MHI subsidiary.

Details of the reorganization initiative, with some abridgment owing to the nature of the transfer of operations to a wholly owned subsidiary, are available at www.mhi.co.jp.

Mitsubishi Heavy Industries, Ltd. press release