TOKYO, February 28, 2002--Mitsubishi Electric Corporation announced today that it has reviewed its European mobile communications business structure and made the decision to restructure its local operations there.
Mitsubishi Electric Telecom Europe S.A. (METE), the company that currently focuses on research and development, manufacture, sales and marketing activities for mobile phones in Europe, will cease operations by the end of December 2002 and be dissolved soon thereafter. In METE's place, Mitsubishi Electric will form a new company, targeted for establishment in January 2003, that will concentrate on research, development and marketing activities for high-end GPRS phones geared to the European market.
In the new scheme, plans call for Mitsubishi Electric's base in China, Mitsubishi Soyea Mobile Communication Equipment Co., Ltd. (MSM), to provide mobile terminal manufacturing services.


About Mitsubishi Electric Telecom Europe S.A.
In Europe, Mitsubishi Electric Corporation's telecommunications business is handled by Mitsubishi Electric Telecom Europe S.A.. Mitsubishi Electric Telecom Europe S.A. is responsible for the manufacture, research, development, design and marketing of all mobile handsets and accessories, which are sold in the Trium range. Mitsubishi Electric Telecom Europe S.A.'s research and development centre is one of the world's most advanced, dedicated to developing GSM and 3G/UMTS technology. More information is available at www.mitsubishi-telecom.com.

About Mitsubishi Electric Corporation
With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (FTSE: 6503q.l) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and construction. The company has operations in 34 countries and recorded consolidated group sales of over US$33BN in the year ended March 31, 2001. Additional information on Mitsubishi Electric is available at global.mitsubishielectric.com.

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