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July 29, 2010

Nissan to Spin-off Industrial Machinery Division,
effective October 1, 2010

YOHOHAMA (July 29, 2010), - Nissan Motor Co., Ltd., today announced that its Board of Directors has decided to spin-off its Industrial Machinery Division and establish a new company, "Nissan Forklift Co., Ltd.", effective October 1, 2010.

Nissan announced on May 13th that it began a study to determine the feasibility of spinning-off its Industrial Machinery Division, simultaneously starting preparations of the possible spin-off.

The aim of this spin-off is to strengthen the division's autonomy and implement a flexible management system to position the forklift business for a sustainable growth, cope with the challenging environment surrounding the forklift industry, as well as establishing an independent entity with clear responsibilities required as an enterprise.

The spin-off will have no impact on Nissan's consolidated performance.

<Overview of the Newly Established Company>

  New Company (Plan)
(1) Company Name Nissan Forklift Co., Ltd.
(2) Business Outline Development, production and sales of industrial machinery
(3) Date of Establishment October 1, 2010 (Plan)
(4) Headquarters 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa 220-8686, Japan
(5) Position and name of representative Akira Shiki, President
(6) Paid-in Capital 495 million yen
(7) Common stock (issued and outstanding) 9,900
(8) Net Asset 16,000 million yen (Individual)
(9) Total Asset 16,741 million yen (Individual)
(10) Fiscal Term March 31
(11) Major Shareholder and Its Shareholding Ratio Nissan Motor Co., Ltd., 100%
* The overview information is a forecast based on the effective date of spin-off. Net assets and total assets are the estimated amounts based on data as of March 31, 2010.

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