PRINCIPAL SUBSIDIARIES AND AFFILIATES

(As of March 31, 1996)


EUROPE


Nissan European Technology Centre Ltd.*
Capital: 15.8 million pounds
Nissan Way, Sunderland, Tyne and Wear SR5 3NY, U.K.
Automobile research and development

Nissan International Finance (Europe) Limited*
Capital: US$10.2 million
5 Arlington Street, London SW1A 1RD, U.K.
Financial services for group companies

Nissan Motor (GB) Ltd.*
Capital: 100.0 million pounds
The Rivers Office Park, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 2YS, U.K.
Distributor in the United Kingdom

Nissan Motor Manufacturing (UK) Ltd.*
Capital: 250.0 million pounds
Washington Road, Sunderland, Tyne and Wear SR5 3NS, U.K.
Manufacturer in the United Kingdom

Nissan Europe N.V.*
Capital: DGL1,133.6 million
Johan Huizingalaan 400, 1066 JS Amsterdam, The Netherlands
European headquarters for sales and marketing

Nissan Finance, B.V.*
Capital: DGL0.5 million
Vennestraat 13-15, 2161 LE Lisse, The Netherlands
Financing of Nissan products

Nissan International Finance (Netherlands) B.V.*
Capital: DGL8.0 million
Johan Huizingalaan 400, 1066 JS Amsterdam, the Netherlands
Financial services for group companies

Nissan Motor Nederland B.V.*
Capital: DGL0.8 million
Vennestraat 13-15, 2161 LE Lisse, The Netherlands
Importer and distributor in the Netherlands

Nissan Motor Parts Center (Europe) B.V.*
Capital: DGL50.0 million
Hornweg 32, 1044 AN, Amsterdam, The Netherlands
Importer and distributor of automotive parts and accessories in Europe

Nissan France S.A.*
Capital: F.Fr27.9 million
13, Avenue Jean d`Alembert, B.P. 123, 78194 Trappes Cedex, France
Distributor in France

Nissan Bank GmbH*
Capital: DM179.0 million
Hammer Landstrasse 87, 41460 Neuss 1, Germany
Financing of Nissan products

Nissan Design Europe GmbH**
Capital: DM0.6 million
Brunnen Feldweg 1, 82538 Geretsried, Germany
Automobile design institute

Nissan Motor Deutschland GmbH*
Capital: DM55.0 million
Nissanstrasse 1, 41468 Neuss 1, Germany
Importer and distributor in Germany

Nissan Motor (Schweiz) AG*
Capital: SFr17.0 million
Bergermoosstrasse 4, CH-8902 Urdorf, Switzerland
Distributor in Switzerland

Nissan Motor Ibérica, S.A.*
Capital: Ptas. 61,245.0 million
Calle Panamá 7, 08034 Barcelona, Spain
Manufacturer and distributor in Spain

Nissan Financiación, S.A.*
Capital: Ptas. 4,800.0 million
C/General Almirante, 4-10, Torre Nissan-Plaza Cerda, 08014 Barcelona, Spain
Financing of Nissan products

Nissan Italia S.p.A.*
Capital: Lit11,400.0 million
Via Tiberina KM 15.740, 00060, Capena, Rome, Italy
Importer and distributor in Italy

Nissan Finanziaria S.p.A.*
Capital: Lit9,000.0 million
Via Tiberina KM15.740, 00060, Capena, Rome, Italy
Financing of Nissan products



* Consolidated subsidiary
** Unconsolidated subsidiary or affiliate company by the equity method

Capital in this section is defined as paid-in capital.


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