External Evaluation

Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized Mitsubishi Motors Corporation. to use of the Morningstar Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, Mitsubishi Motors Corporation. ranks in the top quintile of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM (“Index”) on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by Mitsubishi Motors Corporation. solely for informational purposes. Mitsubishi Motors Corporation. use of the Logo should not be construed as an endorsement by Morningstar of Mitsubishi Motors Corporation. or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with Mitsubishi Motors Corporation. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damages (whether direct or indirect), arising from any party’s use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results