93rd Ordinary General Shareholders Meeting

Nissan Shatai Co., Ltd. 1 Report on the Number of Voting Rights

2 Report on the Number of Voting Rights Total number of 5,478 shareholders as at the end of the 93rd fiscal period Total number of shares 157,239,691 issued Number of shareholders 5,015 with voting rights Number of voting rights 1,479,032 owned

3 Audit Report by the Accounting Auditor and Board of Statutory Auditors Please refer to pages 42 and 43 of the reference materials appended to the Notice of Convocation.

4 Items to be Reported

1. 93rd fiscal period (April 1, 2015 – March 31, 2016) Business Report and Consolidated Financial Statements

2. 93rd fiscal period (April 1, 2015 – March 31, 2016) Report on Financial Statements

5 Items Pertaining to the Current State of the Corporate Group

6 Passenger Vehicles

（Y62） （Y61）

7 Sales Volume for Passenger Vehicles ＋12.6％ No. of units 102,600

平成Fiscal 2012年度 平成Fiscal 2013年度 平成Fiscal 2014年度 平成Fiscal 2015年度 8 Net Sales for Passenger Vehicles (Consolidated)

(100 million yen) ＋10.6％

（ 2,965

平成Fiscal 2012年度 平成Fiscal 2013年度 平成Fiscal 2014年度 平成Fiscal 2015年度 9 Commercial Vehicles

F24 Sales Volume for Commercial Vehicles

(No. of units) ＋1.1％

86,138

平成Fiscal 2012年度 平成Fiscal 2013年度 平成Fiscal 2014年度 平成Fiscal 2015年度 11 Net Sales for Commercial Vehicles (Consolidated)

(No. of units) △0.0％

（

1,301

平成Fiscal 2012年度 平成Fiscal 2013年度 平成Fiscal 2014年度 平成Fiscal 2015年度 12 Microbuses Sales Volume for Microbuses

(No. of units) ＋28.4％

（ 24,897

平成Fiscal 年度2012 平成Fiscal 2013年度 平成Fiscal 年度2014 平成Fiscal 2015年度 14 Net Sales for Microbuses (Consolidated)

(100 million yen) ＋27.8％

（ 504

平成Fiscal 2012年度 平成Fiscal 2013年度 平成Fiscal 2014年度 平成Fiscal 2015年度 15 Total Sales Volume

(No. of units) 9.2

213,635 187,432 192,643 195,686 Microbuses

Commercial vehicles

Passenger vehicles

Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 平成 年度 平成 年度 平成 年度 平成 年度 16 Total Net Sales (Consolidated) ＋ ％ (100 million yen) 7.2

5,094 Vehicle parts and other 4,648 4,742 4,753 products Microbuses

Commercial vehicles

Passenger vehicles

Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 平成 年度 平成 年度 平成 年度 平成 年度 17 Proportion of Net Sales by Product Category (Consolidated) Vehicle parts and other products Microbuses 32.2 billion yen 50.4 billion yen 9.9% 6.3%

Passenger Commercial 509.4 vehicles vehicles billion yen 296.5 billion yen 130.1 billion yen 58.2% 25.6%

18 Comparison of Income/Loss (Consolidated)

％ (100 million yen) ＋11.2％ ＋7.9 △49.2％ 156

114 119

103 110 79

Operating income Ordinary income Net income 営業利益 経常利益 attributable当期純利益 to shareholders of the parent company Fiscal 2014 Fiscal 2015 19 Funding Activities

20 Capital Expenditures

Total of approximately 6.4 billion yen  Enhancing product appeal through minor changes  Streamlining and improving facilities

21 Development of Systems to Ensure Proper Conduct of Business (Internal Control)

Please refer to pages 16 – 21 of the reference materials appended to the Notice of Convocation.

22 Consolidated Financial Statements

Please refer to pages 22 – 29 of the reference materials appended to the Notice of Convocation.

23 Consolidated Balance Sheet As of March 31, 2016

24 Consolidated Balance Sheet (Summary) (100 million yen) YoY YoY Item Amount difference Item Amount difference Assets 2,625 19 Liabilities 925 46 Current assets 2,036 Current liabilities 748 Fixed assets 588 Fixed liabilities 176 Tangible fixed assets 532 Net assets 1,699 26 Intangible fixed assets 9 Shareholders’ equity 1,754 Investments and Common stock other assets 45 79 Capital surplus 85 Retained earnings 1,673 Treasury stock 83 Other accumulated comprehensive income 54 Total 2,625 Total 2,625

*For details, please refer to page 22 of the reference materials appended to the Notice of Convocation. *The amounts shown are rounded down to the nearest 100 million yen. 25 Consolidated Statement of Income From April 1, 2015 To March 31, 2016

26 Consolidated Statement of Income (Summary)(100 million yen) Item Amount Net sales 5,094 Cost of sales 4,914 Gross profit 179

Selling, general, and administrative expenses 64 Operating income 114 Non-operating income 6 Non-operating expenses 2 Ordinary income 119 Special gains 0 Special losses 4 Total income taxes 35 Net income attributable to shareholders of the parent company 79

*For details, please refer to page 23 of the reference materials appended to the Notice of Convocation. *The amounts shown are rounded down to the nearest 100 million yen. 27 Consolidated Statement of Changes in Shareholders’ Equity, etc. From April 1, 2015 To March 31, 2016

Please refer to pages 24 and 25 of the reference materials appended to the Notice of Convocation.

28 Financial Statements

Please refer to pages 30 – 39 of the reference materials appended to the Notice of Convocation.

29 Initiatives to Address Major Challenges

30 Initiatives to Address Major Challenges

2011-2016 Medium-Term Management Plan

31 Initiatives to Address Major Challenges

1. Initiatives toward increasing production volume

32 1. Initiatives toward increasing production volume

Breakdown of production volume for Fiscal 2015 (YoY comparison)

Fiscal Fiscal

2014 2015

ATLAS

QUEST

CIVILIAN

ELGRAND

WINGROAD

PATROL [Y62] PATROL [Y61] PATROL

INFINITI QX80

AD/AD AD/AD EXPERT

NV200 VANETTE NV200

NV350 CARAVAN NV350 PATROL PICKUP

33 1. Initiatives toward increasing production volume

Breakdown of production volume for Fiscal 2015 (YoY comparison)

Fiscal Fiscal

2014 2015

ATLAS

QUEST

CIVILIAN

ELGRAND

WINGROAD

PATROL [Y62] PATROL [Y61] PATROL

INFINITI QX80 INFINITI

AD/AD AD/AD EXPERT

NV200 VANETTE NV200

NV350 CARAVAN NV350 PATROL PICKUP

34 1. Initiatives toward increasing production volume Breakdown of production volume for Fiscal 2015 (YoY comparison)

214,000 units 196,000 units

Fiscal 2014 Fiscal 2015

ATLAS

QUEST

CIVILIAN

ELGRAND

WINGROAD

PATROL [Y62] PATROL [Y61] PATROL

INFINITI QX80 INFINITI

AD/AD AD/AD EXPERT

NV200 VANETTE NV200

NV350 CARAVAN NV350 PATROL PICKUP

35 1. Initiatives toward increasing production volume NV350 CARAVAN

Fiscal Fiscal 2014 2015

Japan Middle Mexico Central Asia Africa East and South America 36 1. Initiatives toward increasing production volume NV350 CARAVAN Asia

April 2015: Commenced production for Philippines (Increase in production of 4,300 units compared to previous year)

(Previously produced the old Asia Africa model by knockdown) 37 1. Initiatives toward increasing production volume NV350 CARAVAN Africa

Production volume bound for South Africa: Approx. 3,200 units (Fiscal 2015) (Increase in production of 1,600 units compared to previous year)

Asia Africa

38 1. Initiatives toward increasing production volume NV350 CARAVAN Africa

Field survey on driving taxis from the heart of South Africa

to the suburbs 39 1. Initiatives toward increasing production volume NV350 CARAVAN

February 2016: Installed emergency braking system for the first time

in Japanese light commercial van class 40 1. Initiatives toward increasing production volume

PATROL Series [Y62]

FiscalFiscal

2014 2015

ATLAS QUEST

CIVILIAN

ELGRAND

WINGROAD

PATROL [Y62] PATROL [Y61] PATROL

INFINITI QX80INFINITI

AD/AD AD/AD EXPERT

PATROL PICKUP PATROL

NV200VANETTE NV350 CARAVAN NV350

41 1. Initiatives toward increasing production volume

PATROL Series [Y62] Changes in production volume

Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal 2010 2011 2012 2013 2014 2015 42 1. Initiatives toward increasing production volume

PATROL Series [Y62] Start of production for PATROL NISMO (January 2016)

43 1. Initiatives toward increasing production volume

PATROL Series [Y62] Y62 PATROL newly equipped with (June 2016)

44 1. Initiatives toward increasing production volume

PATROL Series [Y62]

Y62 PATROL Luxury SUV equipped with V8 engine

Y62 PATROL equipped with V6 engine

Y61 PATROL Meets various needs including governmental/commercial use 45 1. Initiatives toward increasing production volume

PATROL Series [Y62]

Light and nimble driving performance through the development of the dedicated V6 engine and 7-speed AT

Scene of new PATROL equipped with V6 engine briefing held in April

46 1. Initiatives toward increasing production volume

The all-new ARMADA

New ARMADA for North America, launched at the 2016

Current ARMADA Produced at the Canton Plant in Mississippi from 2003 47 1. Initiatives toward increasing production volume

The all-new

June 2016: Start of production at Kyushu

48 Initiatives to Address Major Challenges

2. Initiatives to Improve Quality

49 2. Initiatives to Improve Quality Ranked top for quality in the J.D.Power Initial Quality Survey for North America Large Premium SUV Category Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 Infiniti QX80 Infiniti QX80 Cadillac Cadillac [Escalade] [Escalade]

Minivan Category Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 NISSAN Quest Chrysler Chrysler [Town & Country] [Town & Country]

50 2. Initiatives to Improve Quality Evaluated continuous top class in the initial quality assessment conducted by the Nissan Group

AD/AD Expert NV200 VANETTE

51 2. Initiatives to Improve Quality Quality improvement program through an integrated system from development to production

Promoting NS-Q1 Activities

52 2. Initiatives to Improve Quality Quality improvement program through an integrated system from development to production

開発 購買 生産 品証

Promoting NS-Q1 Activities

Complete sharing of market quality information and difficulties faced at production plants Prompt resolution of everyday challenges

53 2. Initiatives to Improve Quality Example of NS-Q1 activity (1): Capturing accurate quality information

Prompt and accurate response through network of dealers

54 2. Initiatives to Improve Quality Example of NS-Q1 activity (2): Improvements in quality data traceability

Integrated management of quality data from DPU 4 Week DPU 4 Week EA Factory Quality 3S UCL R ef Only 3S UCL Ref Only Goal (scrap) Tubes Factory Quality Factory DPU Factory IR Scrap DPU Overall Site Comments Site Factory DPU Factory IR Comments 0.80 0.40 0.40 0.60 0.10 • 0.60 0.30 0.30 Overall DPU trend increase driven by 0.50 0.08 1• DPU: Hercules Focal, Ulysses Noise, CES, plant to customertwo products (Hercules, Ulysses) 0.40 0.06 0.40 0.20 0.20 0.30 Focal Spots

EA 1 0.04

• Significant issues in Ulysses EA 0.20 0.10 0.10 0.20 1 0.10 0.02 1 0.00 0.00 0.00 • IRS (Gemini spits) • IR: Ulysses Noise

1 6 1 6 0.00 0.00

1 6

11 16 21 26 31 36 41 46 51 11 16 21 26 31 36 41 46 51

11 16 21 26 31 36 41 46 51

1 4 7

1 4 7

10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

0.60 0.10 Product DPU Product IR Scrap DPU Product Comments 1• DPU: Ulysses Noise (main driver) + 0.50 0.08 0.80 0.40 0.40 • DPU: Hercules Focal Spots (2wks from 0.40 0.06 (other Chanel Image Artifact) 0.30 0.60 0.30 0.30 1 0.04 fix), some part defects Buc 0.20 0.40 0.20 0.20 0.02 • IR: Solid trend • IR: No issues 0.10 0.20 0.10 0.10 0.00 0.00

1 6

Hercules

1 6

Hercules

• 11 16 21 26 31 36 41 46 51

Scrap: Stable 11 16 21 26 31 36 41 46 51 0.00 0.00 0.00

1 6 1 6

1 6

11 16 21 26 31 36 41 46 51 11 16 21 26 31 36 41 46 51 11 16 21 26 31 36 41 46 51 0.60 0.10 0.50 0.08 • DPU: 0.17YTD, CTPlus & Qj/NP FPY ~60% 0.80 0.40 0.40 • DPU: HV, final pressure, equip 0.40 0.06 actions initiated 0.60 0.30 0.30 0.30 favorable trend 0.04 GBB 0.20 0.40 0.20 0.20 • IR: 0.8% Solid trend • IR: Gemini Spits to be investigated 0.10 0.02 0.20 0.10 0.10

Gemini Gemini • Scrap: Some recovery (tgt machining, 0.00 0.00

2 6

2 6

0.00 0.00 10 14 18 22 26 30 34 38 42 46 50

0.00 10 14 18 22 26 30 34 38 42 46 50

1 6 1 6 HP)

1 6

11 16 21 26 31 36 41 46 51 11 16 21 26 31 36 41 46 51

11 16 21 26 31 36 41 46 51 0.60 0.10 0.80 0.40 0.40 0.50 0.08 •2 DPU: Gemini Focal Spots, Heat Exchanger 1 • DPU: CES, Focal Spots, Noise 0.40 0.60 0.30 0.30 0.06 leaks (design change underway) 0.30 0.40 0.20 0.20 • IR: flat; rise anticipated with Noise 0.04

1 MCT 0.20 3 0.20 0.10 0.10 • Scrap: rise with Focal & Noise 0.10 2 0.02 3 • IR: Quick disconnect oil leaks

Ulysses Ulysses 0.00 0.00 0.00 0.00 0.00

1 6 1 6

1 5 9

1 5 9

1 6

11 16 21 26 31 36 41 46 51 11 16 21 26 31 36 41 46 51

13 18 22 26 30 34 38 42 46 50

13 18 22 26 30 34 38 42 46 50

11 16 21 26 31 36 41 46 51

55 2. Initiatives to Improve Quality Aim to establish top-class quality for the new ARMADA

56 Initiatives to Address Major Challenges

2011-2016 Medium-Term Management Plan

57 Initiatives to Address Major Challenges

58 93rd Ordinary General Shareholders Meeting

Nissan Shatai Co., Ltd. 59 Business Outlook for Fiscal 2016

60 (Consolidated) Net Sales

(100 million yen) 5,100

Fiscal 2015 Fiscal 2016 平成 年度 平成 年度 61 (Consolidated) Operating Ordinary Net profit income income attributable to shareholders of the parent company (100 million yen)

（

119 120 114 115

79 80

平成Fiscal 2015年度 平成Fiscal 2016年度 平成Fiscal 2015年度 平成Fiscal 2016年度 平成Fiscal 2015年度 平成Fiscal 年度2016 62 Changes in Dividends

(Yen)

（ 11

平成Fiscal 2014年度 平成Fiscal 2015年度 平成Fiscal 2016年度

63 Thank you for attending the 93rd Ordinary General Shareholders Meeting

Nissan Shatai Co., Ltd. 64 93rd Ordinary General Shareholders Meeting

Nissan Shatai Co., Ltd. 65