Supplementary Information to Fiscal Year Ended March 2017 (PDF:2.3MB)

May 11, 2017 Mitsubishi Corporation

ResultsSupplementary for the Six InformationMonths Ended for the SeptemberYear Ended 2016March 2017

May 11, 2017

Mitsubishi Corporation

(Forward-Looking Statements) • This release contains forward-looking statements about Mitsubishi Corporationʼs future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the companyʼs assumptions and beliefs in light of competitive, financial and economic data currently available and are subject to a number of risks, uncertainties and assumptions that, without limitation, relate to world economic conditions, exchange rates and commodity prices. • Accordingly, Mitsubishi Corporation wishes to caution readers that actual results may differ materially from those projected in this release and that Mitsubishi Corporation bears no responsibility for any negative impact caused by the use of this release.

(Notes Regarding these Presentation Materials) • Consolidated net income in this presentation shows the amount of net income attributable to owners of the Parent, excluding noncontrolling interests. Equity shows the amount of equity attributable to owners of the Parent, excluding noncontrolling interests, which is a component of total equity.

(billion yen) Investment Investment balance amounts balance amounts Commodity Project MC investee at Mar. 31, 2016 at Mar. 31, 2017 (billion yen) (**) (**) BMA MDP Metals Group investment balance C&A MDP Clermont MDP amounts Ulan MDP Ferrous raw Warkworth MDP 1,400 materials(*) 1,250 1,170 Jack Hills/ MDP 1,200 Oakajee Port & Rail IOC IOC 1,000 CMP MCI(CMP) Escondida JECO and JECO2 800 Los Pela mbres MCCH 600 Copper Anglo American Sur MCRD 500 550 Antamina CMA 400 Quellaveco MCQ Copper 200 Brunei Brunei LNG Malaysia I (Satu) Malaysia LNG 0 Malaysia II (Dua) Malaysia LNG Dua Mar 2016 Mar 2017 Mar 2016 Mar 2016 Malaysia III (Tiga) Malaysia LNG Tiga Ferrous raw materials Copper NWS MIMI Oman Oman LNG Oman Qalhat LNG (billion yen) Qalhat Russia LNG Sakhalin Energy 840 820 Energy Business Group investment Sakhalin II Indonesia MI Berau balance amounts Tangguh Indonesia Sulawesi LNG 1,000 Donggi‐Senoro Wheatstone PEW 800 Cameron Ca meron LNG Brows e MIMI Brows e LNG Canada Diamond LNG Canada 600 Montney upstream Cutbank Dawson Gas Resources Shale gas 210 210 Cordova upstream Cordova Gas Resources 400 K2 MCX(USA) Baudroie Merou Loche east MPDC Gabon 200 Block 3/05, 3/05A Angola Japan Oil Cote d'Ivoire CI‐103 Cote d'Ivoire Japan E&P 110 90 0 Kangean Energi Mega Pratama Mar 2016 Mar 2017 Mar 2016 Mar 2017 Mar 2016 Mar 2017 Kimberly Diamond Resources(Canning),(Fitzroy) LNG Shale gas E&P MEDCO (Encore Energy) Papua New Guinea DIAMOND GAS NIUGINI etc. * Includes coal, iron ore and uranium ** Total amount for investment securities, property and equipment, intangible assets and goodwill 3 May 11, 2017 Mitsubishi Corporation Global Environmental and Infrastructure Business Segment

Consolidated net income (Billion yen) 1Q 2Q 3Q 4Q Full Year 50.0

40.0 29.2

7.2 30.0 23.4 23.0 12.4 0.1 20.0 7.9 22.5 10.8 5.4 10.0 4.8 10.0 4.8 0.0 3.3 (6.5) (5.3)

(10.0) Year ended Year ended Year ended Year ending March 2015 March 2016 March 2017 March 2018 (Forecast)

Year ended Year ended March 2016 March 2017 YoY Change Main Reasons for Increase/Decrease Full-Year Forecast for the Year Ending March 2018

Gross profit 37.8 38.0 2.0 -

Equity-method Lower equity-method income from Chiyoda 28.8 23.2 -5.6 Corp., despite an increase in income from income overseas power generation business, etc. The segment is forecasting consolidated net income of 23.0 billion yen. Rebound from one-off gains recorded in the Consolidated previous fiscal year, and decrease in equity- 29.2 23.4 -5.8 method income from Chiyoda Corp., despite net income an increase in equity-method income from overseas power generation business, etc.

March 2016 March 2017

Segment assets 970.2 1,005.7

Consolidated Net Income （Billion yen） 1Q 2Q 3Q 4Q Full Year 50.0

40.1 40.3 40.0 35.5 37.0 3.6 10.8 9.2 30.0 13.2 9.6

20.0 14.1 6.6 10.8 7.8 10.0 13.2 9.1 7.9 0.0 Year ended Year ended Year ended Year ending March 2015 March 2016 March 2017 March 2018…

Year ended Year ended YoY Change Main Reasons for Increase/Decrease Full-Year Forecast for the Year Ending March 2018 March 2016 March 2017

Gross profit 61.8 60.2 -1.6 - The segment is forecasting consolidated net income of 37.0 billion yen, up 1.5 billion yen year over year. Equity-method Decrease in equity income from China real 17.5 13.7 -3.8 This mainly reflects the absence of one-off gains despite an increase in income estate and lease businesses, etc. equity-method income due to the rising crude oil price

Decrease in equity income from China real Consolidated 40.3 35.5 -4.8 estate, aircraft related, and lease businesses, net income etc.

March 2016 March 2017

Segment assets 839.3 841.6

（Billion yen） Consolidated Net Income 1Q 2Q 3Q 4Q Full Year 150.0 82.3 2.0 Crude Oil (Dubai) 100.0 Crude Oil 74.1 55.5 50.0 April- July- Oct.- Jan.- (Dubai) June Sept. Dec. March 50.0 18.2 32.8 (US＄/BBL) 8.5 36.4 5.1 Year ended 100.8 106.3 106.8 104.5 23.0 20.8 March 2014 0.0 (3.2) Year ended (30.2) (59.9) March 2015 106.1 101.5 74.4 51.9 (50.0) Year ended March 2016 61.3 49.7 40.7 30.4 (9.8) Year ending (100.0) 43.2 43.2 48.3 53.1 Year ended Year ended Year ended Year ending March 2017 March 2015 March 2016 March 2017 March 2018 (Forecast)

Year ended Year ended March 2016 March 2017 YoY Change Main Reasons for Increase/Decrease Full-Year Forecast for the Year Ending March 2018

Increase in North American gas sales volumes, Gross profit 35.4 37.7 2.3 etc.

Rebound on impairment losses recorded in Equity-method (4.0) 25.3 29.3 previous fiscal year, decreased income due to The segment is forecasting consolidated net income of 50.0 billion yen, income low market prices, etc. down 5.5 billion yen year over year. This mainly reflects the absence of one-off gains despite an increase in Rebound on impairment losses recorded in equity-method income due to the rising market prices. previous fiscal year, one-off gains related to Consolidated (9.8) 55.5 65.3 shale gas business restructuring and gains net income related to sales of securities in the E&P business, etc.

(Of which, natural gas related) [62.9]

March 2016 March 2017

Segment assets 2,036.2 2,118.0

(Of which, natural gas related) [1,195.6]

150.0 147.9 140.0 17.6

100.0 97.2

50.0 13.9 13.6 18.4 2.3 9.8 14.7 0.0 (8.4) (11.8) (5.5) (9.4) ・・ -50.0 ・ (337.4) ・・ (360.7) ・-100.0(400.0) Year ended Year ended Year ended Year ending ▲4,000 March 2015 March 2016 March 2017 March 2018 (Forecast)

Year ended Year Ended March 2016 March 2017 YoY Change Main Reasons for Increase/Decrease Full-Year Forecast for the year Ending March 2018

Production cost improvements and higher market prices Gross profit 139.1 414.8 275.7 in the Australian coal business, etc.

Equity-method Rebound from impairment losses recorded in the The segment is forecasting consolidated net income of 140.0 (278.9) 2.7 281.6 previous fiscal year, as well as higher earnings due to income cost improvements and higher market prices, etc. billion yen, down 7.9 billion yen year over year. This mainly reflects the absence of one-off gains despite an decrease in equity-method income due to the lower market Rebound from impairment losses recorded in the prices. Consolidated (360.7) 147.9 508.6 previous fiscal year, as well as production cost net income improvements in the Australian coal business, higher market prices, etc.

（Of which, MDP*） [127.1]

（Of which, copper） [7.2]

March 2016 Narch 2017

Segment assets 3,557.9 3,704.2

（Of which, MDP*） [1,086.3]

Consolidated net income (Billion yen） 1Q 2Q 3Q 4Q Full Year 120.0

100.0 98.8

80.0 22.8 62.2 58.0

60.0 3.7 24.2 13.5 29.4 40.0 18.7 21.8 8.6 20.0 7.5 26.3 22.5 18.0 0.0 ▲4.7

(20.0) Year ended Year ended Year ended Year ending March 2015 March 2016 March 2017 March 2018 (Forecast)

Year ended Year ended March 2016 March 2017 YoY Change Main Reasons for Increase/Decrease Full-Year Forecast for the Year Ending March 2018

Lower transaction earnings in the automobile Gross profit 198.0 182.1 -15.9 business, worsening rates on chartered vessels, etc.

Impairment losses at ship-related business The segment is forecasting consolidated net income of 58.0 billion yen, Equity-method 25.1 5.3 -19.8 investees, impact of decrease in sales and yen up 28.6 billion yen year over year. income This mainly reflects the absence of one-off losses in the ship-related appreciation in automobile operations, etc. business, etc.

Consolidated 62.2 29.4 -32.8 Impairment losses in ship-related businesses, net income etc.

March 2016 March 2017

Segment assets 1,726.9 1,713.9

（Billion yen） Consolidated Net Income 1Q 2Q 3Q 4Q Full Year 40.0 31.4 30.5 31.0 30.0 26.7 9.6 10.0 3.2 20.0 7.1 7.3 10.3 6.4 8.0 10.0

7.9 10.7 8.2 0.0 (0.1)

(10.0) Year ended Year ended Year ended Year ending March 2015 March 2016 March 2017 March 2018 (Forecast)

Year ended Year Ended YoY Change Main Reasons for Increase/Decrease March 2016 March 2017 Full-Year Forecast for the year Ending March 2018

Gross profit 112.6 113.0 0.4 -

Decrease in equity-method earnings from Equity-method The segment is forecasting consolidated net income of 31.0 billion yen, 15.4 12.1 -3.3 petrochemical-related business due to worsen- income up 4.3 billion yen year over year. ing market prices and yen appreciation, etc. This mainly reflects the absence of one-off losses, etc.

Decrease in equity-method earnings from Consolidated 30.5 26.7 -3.8 petrochemical-related business due to worsen- net income ing market prices and yen appreciation, etc.

March 2016 March 2017

Segment assets 870.5 943.9

36.3 100.0 85.0 64.5 80.0 73.5 38.3 60.0 22.2 40.0 31.1 24.9 17.0 20.0 17.3 16.8 21.8 0.0 5.6 Year ended Year ended Year ended Year ending March 2015 March 2016 March 2017 March 2018 (Forecast)

Year ended Year ended March 2016 March 2017 YoY Change Main Reasons for Increase/Decrease Full-Year Forecast for the Year Ending March 2018

Decrease due to partial sale of food service- related subsidiary, conversion of meat business Gross profit 505.0 473.2 -31.8 subsidiary to affiliated company, sale of pulp business subsidiary, etc. The segment is forecasting consolidated net income of 85.0 billion yen, Increase in equity-method income from meat Equity-method 20.2 34.9 14.7 business, newly consolidated food raw materials down 36.3 billion yen year over year. income business, etc. This mainly reflects a rebound on one-off gains related to the acquisition of Lawson, Inc. as a subsidiary. Increase in earnings from salmon farming business due to recovery in market prices etc., Consolidated 73.5 121.3 47.8 one-off gains due to acquisition of Lawson, Inc. net income as a subsidiary and management integration of meat-related affiliated companies, etc.

March 2016 March 2017

Segment assets 3,381.0 4,343.0

New Energy & Power Generation Business Global Environmental & Infrastructure Business Group

① Diamond Transmission Corp. (DTC, UK) Development and Operation of Transmission Assets in Europe ② Diamond Generating ④ Mitsubishi Corporation Europe (DGE, UK) Power (MCP, Japan） Development and Operation of Power Development and Operation of Aurora Solar Project Generation Assets in EMEA Power Generation Assets in Japan (Canada） ①② ③ MC Retail Energy (MCRE, Japan） Electricity Retailing in Japan ⑥ Diamond Generating Offshore Transmission Corp. (DGC, U.S.A.) Asset in Germany (DTC) ③④ Development and Operation of Luchterduinen ⑥ Power Generations in North Offshore Wind Farm America (DGE, Netherlands) ⑤ Tahara Solar Project (MCP, Japan）

⑤ Diamond Generating Asia (DGA, Hong Kong) Tuxpan Power Plants (Mexico) Development and Operation of Power Generation Assets in Asia and Oceania Mariposa Power Plant Wayang Windu Region (DGC, U.S.A) Geothermal Power Plant (DGA, Indonesia)

Our Assets in each Region and Number of the Assets (as of Mar. 31, 2017) Region Operating Assets No. of Operating Assets No. of under (MW/km) Construction Assets Cochrane Power Plant （Chile） Americas 3,000MW 14 3

Power Asia and Oceania 1,100MW 13 2 Generation EMEA 450MW 12 2 Japan 450MW 17 5 Total 5,000MW 56 12 Transmission Total 900km 8 0

Infrastructure Business Global Environmental & Infrastructure Business Group

① South Staffordshire (UK) Water supply service including O&M and asset management as well as customer management and billing services. Fertilizer Plant New Ulaanbaatar International Airport （Under Construction）（Mongolia）（Uzbekistan）

Fertilizer Plant Dubai Investment Park ① (Under Construction） Water Treatment Plant ③SwingCorp. FPSO (※) Charter Seedy Mill (Turkmenistan) （Metito, UAE）（Japan) (Brazil/US) Water Treatment Plant Water company based in Tokyo. Providing （UK) Asset Management, EPC and O&M over ③ 552 sites in Japan and overseas. Operation and TCV Stevedoring ② maintenance of 4 Company SAIL Construction FPSOs which produce －Port of Valencia of Hot Strip Mill crude oil and natural gas from deepwater (Spain) （Under Construction） oil fields, in (India) collaboration with SBM Offshore. ② Metito Holdings Ltd. Mandalay （UAE） International Airport (Myanmar) Water company based in Dubai. Providing Asset Management, Doha Metro EPC and O&M in Middle East, (Under Construction) （Qatar） Africa and Asian market. ④

④TRILITY Aguas CAP (Chile) （Australia） Canberra Light Rail Transit Providing desalinated (Under Construction) water for mining sites Water company based in in Chile. Adelaide. Providing Asset (Australia) Management, EPC and O&M in Australia and NZ. (※) Floating Production, Storage and Offloading System Photo: Copyright © SBM Offshore

Japan

Europ 【Development】 e Industrial Properties, China Retail Properties, 【Management】 Condominium, Real Estate Debt Fund Large-scale Urban Real Estate 【Development】 Condominium 【Management】 J-REITs (Retail, Industrial & North America Infrastructure, Office Building) Private Real Estate Fund, Myanmar Private REITs 【Development】 Student Housing, Multifamily 【Development】 Industrial Properties Industrial Park, 【Management】 Large Mixed-Use Redevelopment Philippines Core Plus Real Estate Equity Fund

【Development】 Vietnam Condominium, Office Building, 【Development】 Industrial Park Condominium, Industrial Park

Indonesia Growth of Investment Growth of AUM (Asset Under Management) 【Development】 Index: FY2015 = 100 Index : FY2015 = 100 Condominium Japan North America China ASEAN 200 200

100 100

0 0 FY2015 ~ FY2020 FY2015 ~ FY2020

Equity Share of Production (Thousand BBL/day) Equity Share of Oil and Gas Production Volume (Yearly Average) * 200 ■ Natural Gas ■ Crude Oil/Condensate 188 MCʼs Reserves 169 170 171 35 Crude oil/condensate 146 148 0.27 billion barrels 150 141 38 38 35 47 39 39 Natural gas 100 1.80 billion 153 barrels 131 132 136 50 99 102 109

0 , Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ending Total 2.07 billion barrels * ** Dec.2010 31, 2010 Dec. 2011 31, 2011 Dec. 2012 31, 2012 Dec. 2013 31, 2013 Dec. 2014 31, 2014 Dec. 2015 31, 2015 Dec. 2016 31, 2016 Dec. 2017 31, 2017 (As of December 31, 2016) * Oil equivalent. Includes consolidated subsidiaries and equity-method affiliates. （⾒通し）(Est.) ** Participating interest equivalent. Includes reserves based on MCʼs in-house methodology. Copyright © 2017 Mitsubishi Corporation 14 May 11, 2017 Mitsubishi Corporation Involvement in LNG Projects Energy Business Group ＜Existing Projects＞

Beginning of Annual Production MCʼs Business Project Production Capacity (Million Ton) Buyer Seller Shareholding Participa- Contribu- tion tion* Total MCʼs share Brunei Gov. (50%), Shell(25%), MC Brunei 1972 7.2 1.8 25% JERA, Tokyo Gas, Osaka Gas, Korea Gas , etc. Brunei LNG 1970 (25％) A B C D Malaysia I Malaysia Petronas (90%), Sarawak Gov. (5%), MC 1983 8.4 0.42 5% JERA, Tokyo Gas, Saibu Gas 1978 (Satu) LNG (5%) A B C D Tohoku Elec., Tokyo Gas, Shizuoka Gas, Malaysia II Malaysia Petronas (80%), Sarawak Gov. (10%), 1995 9.6 0.96 10% Sendai City Gas Authority, JX Nippon Oil & 1992 A B C D (Dua) LNG Dua MC (10%) Energy Corp., Korea Gas, CPC Petronas (60%), Sarawak Gov. (10%), Malaysia III Tohoku Elec., Tokyo Gas, Osaka Gas, Toho Malaysia 2003 7.7 0.31 4% Shell (15%), JX Nippon Oil & Energy Corp. 2000 A B C D (Tiga) Gas, JAPEX, Korea Gas, Shanghai LNG LNG Tiga (10%), MC (4%), JAPEX (1%) Tohoku Elec., JERA, Tokyo Gas, Shizuoka Shell, BP, BHP Billiton, Chevron, North West Gas., Toho Gas, Kansai Elec., Osaka Gas, A B C D 1989 16.3 1.36 8.33% NWS JV Woodside, MIMI [MC/Mitsui & 1985 Shelf Chugoku Elec., Kyushu Elec., Guandong Co.=50:50], 1/6 respectively Dapeng LNG Oman Gov. (51%), Shell (30%), Total Oman 2000 7.1 0.197 2.77% Osaka Gas, Korea Gas, Itochu Corp. Oman LNG 1993 A B C D (5.54%), MC (2.77%) etc. Oman Gov. (47%), Oman LNG (37%), Qalhat 2005 3.3 0.133 4% Osaka Gas, MC, Union Fenosa Gas (Spain) Qalhat LNG Union Fenosa Gas (7%), Osaka Gas (3%), 2006 A B C D MC (3%) etc. Oil: 2008 JERA, Tokyo Gas, Kyushu Elec., Toho Gas, 1994* Russia (year-round Sakhalin Gazprom (50%+1share), Shell (27.5%- 9.6 0.96 10% Hiroshima Gas, Tohoku Elec., Saibu Gas, (*PSA A B C D Sakhalin II production), Energy 1share), Mitsui & Co. (12.5%), MC (10%) LNG: 2009 Osaka Gas, Korea Gas, Shell, Gazprom conclusion) BP (37.2%), MI Berau [MC/INPEX=56:44] Indonesia Tohoku Elec., Kansai Elec., SK E&S, POSCO, Tangguh 2009 7.6 0.75 9.92% (16.3%), CNOOC (13.9%), Nippon Oil 2001 A B C D Tangguh (*) Fujian LNG, Sempra Energy, etc. JV Exploration Berau (12.2%) etc. Sulawesi LNG Development Limited Indonesia PT.Donggi- [MC/Korea Gas=75:25](59.9%), Donggi - 2015 2.0 0.9 44.9% JERA, Korea Gas, Kyushu Elec., etc. Senoro 2007 A B C D PT Pertamina Hulu Energi(29%), Senoro LNG PT Medco LNG Indonesia(11.1%) Total 78.8 7.79 (*) Tangguh LNG Train 3 (3.8 mil. ton) under construction, production start planned mid 2020. ＜Projects Under Construction＞ Chevron (64.136%), KUFPEC (13.4%), Wheatstone JERA, Tohoku Elec., Kyushu Elec., etc. Woodside (13%), Kyushu Elec. Wheatstone Mid 2017 8.9 0.28 3.17% Sellers (Equity 2012 A B C D (incl. Equity Lifting) (1.464%), PEW (8%; of which MC Lifting) holds 39.7%) Sempra Energy (50.2%), Japan LNG Cameron Investment (16.6%, of which MC holds Cameron 2018 12.0 4.0 33.3% MC, Mitsui & Co., ENGIE (Toller) 2013 A B C D LNG 70%), Mitsui & Co. (16.6%), ENGIE (16.6%) * Business Contribution: AA : Investment in exploration & development (upstream), BB : Investment in liquefaction plant, C : Marketing and/or import agent, D : Shipping Copyright © 2017 Mitsubishi Corporation 15 May 11, 2017 Mitsubishi Corporation Global Metal Resource-Related Businesses Metals Group

Product Project Country Annual Production Capacity (*1) Main Partners MC Share

Coking Coal BMA Australia Coking Coal, etc., 66 mt (*2) BHP Billiton 50.00%

Escondida Chile Copper 1,200 kt BHP Billiton, Rio Tinto 8.25%

Los Pelambres Chile Copper 410 kt Luksic Group (AMSA) 5.00%

Anglo American Sur Chile Copper 354 kt(*3) Anglo American 20.4%

Antamina Peru Copper 450 kt, Zinc 400 kt BHP Billiton, Glencore, Teck 10.00% Copper Feasibility study in progress. Quellaveco Peru Anglo American 18.10% (Planned Annual Production: Copper 220kt)

PT Freeport Indonesia, Gresik (Smelting) Indonesia Copper 300 kt Mitsubishi Materials, 9.50% JX Nippon Mining & Metals

(*1) Production capacity shows 100% volume of the project. (*2) Annual production capacity is not public, FY2016 year production volume is used here. (*3) Annual production capacity is not public, CY2016 year production volume is used here. 16 Copyright © 2017 Mitsubishi Corporation May 11, 2017 Mitsubishi Corporation Coal Business (Sales, Production, Price and Exchange Rate) Metals Group

BMA Annual Production and Sales Volume (50% Basis) (*) AUS / USD Average Exchange Rate

US$/A$ 1Q 2Q 3Q 4Q Year Ended Mar 31 2013 1.0063 1.0381 1.0391 1.0386 Year Ended Mar 31 2014 0.9907 0.9158 0.9277 0.8962 Year Ended Mar 31 2015 0.9329 0.9295 0.9049 0.8754 Year Ended Mar 31 2016 0.7775 0.7518 0.7410 0.7360 Year Ended Mar 31 2017 0.7449 0.7512 0.7508 0.7527

Source: Mitsubishi UFJ Research and Consulting (*) The above exchange rates are cumulative average rates from 1Q up to each quarter. (*) The above exchange rates differ from those actually used by MDP. (*) Due to rounding, the quarterly figures do not necessarily add up to the total annual figures.

Benchmark Price Trend of Australian High-Quality Hard Coking Coal to Japan Special Notices

• BMA production for the March 2017 quarter increased by 1% to 8.0 mil mt on a year on year basis.

• Strong performances mainly at Caval Ridge and Saraji, underpinned by improved stripping and increased wash-plant utilization. This was partially offset by a planned longwall move at Broadmeadow and the impact caused by Cyclone Debbie. Source︓Platts, a division of McGraw Hill Financial, Inc.,Argus Media Limited

Equity Share Production (*)

(*) Due to rounding, the quarterly figures do not necessarily add up to the total annual figures.

CY2015 CY2016 CY2017 Total 239.2 Total 214.1 Total 38.3

LME Copper Price (Monthly Average) ＜特記事項＞Special Notices ①AAS • Production from Los Bronces decreased with expected lower grades and increased ore hardness affecting throughput. In addition, planned major maintenance took place at both processing plants in the quarter. • El Soldado production decreased driven by the temporary suspension of mining operations from February following the regulatorʼs decision to not approve the mine plan update. ②Escondida Mine • Escondida copper production for the January-March 2017 quarter significantly decreased due to industrial action (Over 40 days). • The mechanical completion of the new sea-water desalination facility was achieved in December 2016. • With new sea-water desalination facility and re-start of the existing concentrator, Escondida will start the production utilizing three concentrators in the September 2017 quarter. • These two projects enable Escondida to achieve its mid- and long- term sustainable production.

Global Automobile-Related Business (MMC-Related) Machinery Group Russia UK ①1.43Mil Units (all brand) Results for the twelve months ①2.74Mil Units ②MMC 16K Units (1.1%) ②MMC 26.2K Units(0.9%) MMCR ended March 2017 SDS CCC Distributor Automobile China (※1) Country/Region finance Distributor MCFR Automobile ①28.50Mil Units ① Overall Demand finance ②MMC 86K Units(0.3%) ② Vehicle sales of MCʼs partner Germany MCBR car maker (share) Automobile MMSCN(Shanghai) SAME(Shenyang) Portugal finance From Apr.2016 to Mar.2017 ①3.4 Mil Units Distributor Engine production ①244K Units ②MMC 42.2 K Units(1.2%) ②MMC 3.0K Units(1.2%) GMMC(Changsha) Distributor Production MCEB Poland DAE(Harbin) MFTBC 0.6K Units(0.2%) Production/ Auto mobile ①437K Units Engine production finance ②MMC 4.1K Units(0.9%) Distributor MBP Assembling/ Distributor MMCP Distributor Export Distributor Automobile Others Ukraine Finance ①69K Units Taiwan （※1） ②MMC 1.2K Units(1.8%) ①0.4Mil Units MMCU ②MMC 20K Units(4.8%) Export from Peru Japan CMC ①172K Units Production/ Spain ②MMC 4K Units(2.1%) Distributor MFTBC 2K Units(1.0%)(※4) ①1.176Mil Units Tunisia ②MMC 10.2K Units(0.9%) ① 61K Units Myanmar MCAP ② MMC 0.2K Units(0.4%) Distributor B&M ①N/A Distributor LM/SAM ②MMC 0.1K Units(N/A） Chile Export from ①320K Units Japan MMCM ②MMC 11.3K Units(3.5%) Distributor MMCC Morocco Distributor ①143K Units ②MMC 1.4K Units(1.0%) Indonesia DM India ①1.06Mil Units (※2) Export from ①3.76Mil Units Malaysia ②MMC 65K Units(6.1%) Japan ②MMC 0.7K Units(0.02%) MFTBC 35K Units(3.3%)(※3) Brazil ①0.59Mil Units ①1.98Mil Units ②MMC 8.7K Units(1.5%) HMFCL KTB MMKSI(※5) ②MMC 23.7K Units(1.2%) South Africa Export from Distributor Distributor ①0.52Mil Units Japan MMM HPE ②MMC 2.1K Units(0.4%) Distributor/ KRM DSF Export from Assembling Assembling Automobile Japan BTL finance Export from MKM BAS Japan Vietnam Engine/Press components Used cars sales & ①0.32Mil Units production rental cars (※1) MMCʼs sales figures in China/Taiwan only include Mitsubishi brand cars. ②MMC 6.3K Units(2.0%) (※2) Official number of overall demand for the month of Dec.2016 is not released, so the estimated number for the month is added. MMKI BSI (※3) Commercial Vehicle Segment Share: 45.6% MMV Production(MMC) IT system (※4) Commercial Vehicle Segment Share: 9.9% Production/ (※5) MMKSI, new distributor, started operation on 1st of April 2017. Distributor Copyright © 2017 Mitsubishi Corporation 19 May 11, 2017 Mitsubishi Corporation

Global Automobile-Related Business (Isuzu-Related) Machinery Group

Results for the twelve LCV: Light Commercial Vehicle CV: Commercial Vehicle months ended March 2017

Distributor Production Germany Distributor/ Export/Sales ISD Assembling Germany, Austria, Czech India Philippines Mexico Automobile Others Import & sales finance LCV 1.0K Units Retail/ IMI IPC IMEX After service Import, assembling & sales Import, assembling & sales Import, assembling & sales Isuzu car sales LCV 2.6K Units LCV 21.3K Units CV 3.3K Units CV 6.1K Units

Belgium IBX Thailand (Domestic) Benelux & Poland Thailand (Export) Import & sales TIS TIL IMCT LCV 1.2K Units Malaysia ＩＭＩＴ Sole distributor Automobile finance Production Export & sales Australia AUTEC TISCO IMSB Export LCVs IAS Bus & truck maintenance, Services & parts sales for sales & services for GM Import & sales IUA Dealer Isuzu vehicles CBU 87.6K Units vehicles Import & sales KD 64.5K Units LCV 6.8K Units TPIS TPIT CV 5.9K Units LCV 22.3K Units CBU: Entire cars KD: Kits of parts Software development, PTB Automobile maintenance & Driver dispatch Insurance management administration

MC is jointly developing business with Isuzu centered on Thailand, where MC has been Overall demand 796.9K Units selling vehicles for over 60 years. LCVs produced in Thailand are exported and sold LCV 133.9K Units CV 14.6K Units throughout the world. MC is also expanding sales of CVs to emerging countries and regions.

Scope of business: Production, sales, export, and import of 40 Others seasonings, sweeteners, yeast-related materials, その他 confectionery / bakery materials, liquors for 乳化剤Emulsifier cooking and confectionery, medicine raw materials 30 and other industrial chemical products 「約」と表記する⽢味料Sweeteners Employees: Approx. 2,900 必要はないで 20 酸味料Acidulant しょうか？ Production locations: Japan 10, Others 7 増粘多糖類Hydrocolloids (China 2 / Indonesia 3 / Thailand 1 / Spain 1) 10 調味料Seasonings Sales office locations: Japan / United States / Netherlands / China / Singapore 0 10年2010 12年2012 14年2014 16年2016 18年2018 20年2020

Jiangyin Weixi MCLS Europe B.V. Kyowa Foods Co., Ltd. ■Growth in demand for Food Science China Emerging country demand for the processed food is increasing due to their population growth, Netherlands HVP, Seasoning Blends while in developed countries demand is increasing for health and safety. Sales & Marketing Production and Sales & Marketing ■Growth at 8-10% per year in emerging markets, mainly Asia. for Food Ingredients Qingdao Kyowa Wanfu Co., Ltd. Mitsubishi International Mitsubishi Corporation Food Ingredients (MIFI) China Life Sciences Holding Freeze Dry Foods Company USA Production Sales & Marketing for Japan Food and Nutraceutical Ingredients in North America Mitsubishi Corporation Mitsubishi Shoji Foodtech Co., Ltd. Life Science Asia Branch Tartaros Gonzalo MC-Towa International Production and Sales & Marketing for Castello SL Singapore Sweeteners Polyols / Preservatives / Stabilizers / Sales & Marketing Formulated Condiments Spain for Food Ingredients Thailand Tartrates and Tartaric Acid Production Maltitol Crystalline / Syrup Production Kohjin Life Sciences Co., Ltd.

Production and Sales & Marketing for Yeast Extracts / Functional Ingredients (Glutathione etc.) PT. Sorini-Towa PT. Fermentech PT. Centram Berlian Corporindo Indonesia Indonesia Kohjin Life Sciences Co., Ltd. Indonesia Nucleotides, Curdlan Sorbitol / Hydrogenated Starch / Carrageenan Gum Production Production and Sales & Marketing for Hydrolysates Production Production Extracts / Brewed Seasonings / Yeast Extracts/ Nucleotides / Amino Acid Seasonings / Bakery Confectionery Materials / Freeze Dry Foods etc.

★Subsidiaries ☆Affliates Production, Procurement & Manufacturing Distribution Retail Product Processing

Marine ★Cermaq ★Sanyo Foods ★Toyo Reizo (Japan:Marine (Japan:Marine Product (Norway, Chile, Canada:Salmon & Trout) Products) Products)

★Japan ☆Itoham Yonekyu ★Foodlink ★Nosan ★Princes Farm Holdings (Japan:Meat) Soy Meat Corp. (Japan:Meat) (Japan :Meat) (UK:Food) ★Lawson Corn (Japan: ★Mitsubishi (Japan:Convenience Feed) Store) ★Indiana Packers (USA:Meat) Shokuhin

(Japan:Food) Consumers ★Agrex ☆Life Corporation (USA, Brazil, ★Dai-Nippon Meiji ☆Kanro (Japan: ☆MCMS (Japan:Supermarket) Australia: Sugar (Japan:Sugar) Confectionary） Grain) (Hong Kong: Food) Sugar ★Nihon Shokuhin Kako Yamazaki Indonesia ☆KFC Holdings Starch (Japan:Starch & Sweetener) (Indonesia︓Bakery) Japan Wheat Atri Distribusindo (Japan:Food ★Nitto Fuji Flour Milling ☆JVs with (Indonesia:Food & Restaurant Chain) (Japan:Flour) Nissin Foods HD(*) Consumer Products) (Instant Noodle) Sumber Alfaria ★Art Coffee ☆Lluvia Trijaya Tbk Coffee (Indonesia:Minimart) (Japan:Coffee) (Myanmar: ★MC Foods Cocoa ☆Olam (Singapore:Food Materials) (Japan :Food Materials) Food) Edible Nuts ★TH Foods Spices ☆Ipanema (Brazil:Coffee) (USA:Rice Sesame Crackers) Rice ★Sesaco (USA:Sesame) ☆Kadoya Sesame ★MC Agri Alliance Mills (Japan︓Food Materials) etc. (Japan:Sesame Seed Oil)

(*)Indonesia, Singapore, Thailand, India

Retail Division Compound Feed Food Materials Construction Materials Manufacturing Distribution Distribution Living Essential Distribution Division Nosan Corp. MC Agri Alliance Mitsubishi Shoji Construction Materials Salmon & Trout Living Essential Consumer Farming Marine Products Livestock Meat Processing Products Division Cermaq Distribution Salmon & Trout Norway Japan Farm Itoham Yonekyu HD Toyo Reizo Farming Fresh Food Products Division Cermaq Canada Food Manufacturing Flour Milling Starch & Sweetener Confectionery Living Essential Resources Division & Distribution Processing Manufactiring Nitto Fuji Flour Milling Nihon Shokuhin Kako Kanro Princes Grain & Oilseeds Packaging Materials Medical Supplies Food Distribution Procurement Rice cracker Clothing, Household Distribution Distribution Manufacturing Agrex Inc. Goods Retailing Mitsubishi Shokuhin Mitsubishi Shoji Packaging MC Healthcare TH Foods Muji Europe Supermarket Convenience Store Loyalty Program Service Meat Processing Life Corporation Lawson Loyalty Marketing Indiana Packers

Clothing, Household Goods Medical Supplies Pharmaceuticals & Retailing Distribution Grain & Oilseeds Marketing in China Medical Supplies Distribution Muji U.S.A Sinopharm MC Beijing Huahong/ Hospital Service Agrex Beijing Tire Marketing Food Manufacturing Tianxing puxin & Distrobution Coffee Production First Japan Sesame Production Lluvia Tire Services Condiments &Marketing Ipanema Manufacturing Baby Diapers Condiments Sesaco Manufacturing Manufacturing Tapioca Starch Kewpie Vietnam Shrimp Farming Apparel Retailing Processing EITI ・ EIMI Kewpie Indonesia UNIQLO(Thailand) TMAC AMSCO Company Instant Noodle Apparel Retailing Manufacturing Instant Noodle Fast Retailing Tire Marketing Nissin Foods Indonesia Grain & Oilseeds Manufacturing Indonesia Bridgestone Sales Production & Procurement Nissin Foods Thailand Thailand Agrex do Brasil Condiments Manufacturing Silica Sand Mining Kewpie Malaysia Cape Flattery Salmon & Trout Farming Grain & Oilseeds Marketing Food Materials Instant Noodle in South East Asia Production & Procurement Manufacturing Grain & Oilseeds Cermaq Chile Nissin Foods Procurement Agrex Asia Olam Copyright © 2017 Mitsubishi Corporation Singapore Agrex Australia 23