SUPPLEMENTAL NISSAN NEWS From: Corporate Communications Dept.
A30-SN-8100 Date: December 18, 1998

Nissan to Open "Carest Zama" as Japan's First Large-Scale Auto Mall at Zama Operations Center Next December
--New Type of Outlet to Combine Sales of New Cars, Used Cars, Parts and Supplies with Service and an Auction Arena for Catering to Customers' Total Vehicle Needs--

Tokyo ‐ Nissan Motor Co., Ltd. today announced that it will open Japan's first large-scale auto mall, to be called "Carest Zama," on the premises of the Zama Operations Center in December 1999. This new type of outlet will concentrate at one location all the activities pertaining to customers' total vehicle needs, including sales of new cars, used cars, parts and supplies as well as service operations. A test-drive course, trade-in vehicle purchase center, auction arena, cafeteria and other facilities will also be constructed as part of the auto mall. Business operations are scheduled to begin on December 3, 1999.

In preparation for the opening of Carest Zama, Nissan established Nissan Carest Zama Co., Ltd. on December 2 as a new company that will manage sales activities for new cars, parts and supplies and service operations at this large-scale auto mall. Nissan Managing Director Shigeru Matsumoto assumed the position of president of the new company.

Nissan dealers in Kanagawa Prefecture and Tokyo and Nissan Used Car Center Co., Ltd. (NUC) will also participate in used car sales activities at the new auto mall.

Carest Zama will always have on display over 100 units of Nissan’s entire lineup of new vehicle models. In addition, customers will be able to test-drive all of the models on a special course that will be built as part of the mall facilities.

A wide assortment of used cars numbering approximately 1,000 units will also be displayed regardless of the manufacturer, enabling customers to choose from a broad selection of vehicle types. Including NUC’s auto auction arena, Carest Zama will cover a total area about nine times the size of the Tokyo Dome baseball field, making it Japan’s first large-scale integrated outlet capable of catering to customers' complete vehicle needs.

Carest Zama will have the following major features.
(1) Expansive premises: Located on the 120,000-square-meter site will be an integrated mall facility for new cars, parts, supplies and service, a used car display area and NUC's auto auction arena. A customer parking lot holding approximately 700 vehicles will also be completed.
(2) Overwhelming product selection: All of Nissan's new car models will be on display (over 100 units) together with some 1,000 used cars, irrespective of the manufacturer, which will be displayed in an area about twice the size of the Tokyo Dome baseball field. An inventory search system will also be available at the mall to enable customers to conduct searches of the used car inventories of all Nissan dealers nationwide. More than 10,000 parts and supplies, including both Nissan Genuine items and commercially available items, will be on sale.
(3) Ample facilities for experiencing and confirming vehicle performance: A test-drive course will be constructed on the premises. Computer terminals installed in the mall will enable customers to obtain product information, make price estimates, perform simulations of different combinations of vehicles and parts and conduct searches for a wide variety of information. Electric carts will be used in the used car display area to enable customers to see many vehicles on display easily and comfortably.
(4) New buying methods:
1. Prices will be set with a high degree of transparency so that they will be easy for customers to understand (single pricing).
2. Customers will be free to wander around and look at any vehicles they wish, allowing them to enjoy the pleasure of shopping for and choosing a vehicle (hassle-free selection).
3. Long business hours will be introduced in line with customers’ lifestyles today so as to give foremost priority to customer convenience.
(5) Total support for customers’ vehicle needs: By bringing together new and used car display and sales, parts and supplies and service operations at one location and on such an overwhelming scale, the mall will achieve a new business approach capable of responding to customers’ complete vehicle needs for greater enjoyment of their vehicles.

Nissan has embarked on a reform of its domestic sales activities as one of the specific measures for accomplishing the Global Business Reform Plan. Preparations are under way to change the present domestic sales structure to a two-channel sales system starting from April 1999, with the aim of improving customer convenience and benefits and increasing sales efficiency per vehicle model. Because Carest Zama will integrate all of the operations associated with vehicle ownership, including sales of new cars, used cars, parts and supplies and service, it will be able to meet wide-ranging customer needs. Nissan expects this will significantly improve customer-drawing power and thereby contribute to greater sales efficiency. Moreover, based on the results of Carest Zama, Nissan is also looking at the possibility of establishing similar large-scale auto malls at several dozen locations throughout Japan in the future. Nissan is planning to vigorously implement many different sales methods as part of its ongoing efforts aimed at reforming domestic sales activities.

The name Carest has been coined by adding the superlative suffix “est” to the word “car.” It also expresses the idea of being a place of “rest” for “car” owners.

【Outline of the new company】

Name: NISSAN CAREST ZAMA CO.,LTD.
Represent: Shigeru Matsumoto, President
Establish: December 2, 1998
Capital Stock: 125 million yen (100% Nissan Motor Co.,Ltd. holds 100% of share.)
Site: 5000, 2-chome Kohno-dai, Zama-city, Kanagawa
Number of employee: 43 people at the start
Business: -New vehicle sales(Nissan all lineups, customized vehicle based
　　　　　　on Nissan model)
-Parts sales(Nissan genuine parts, general parts)
-Maintenance(Inspection, checkup and so on)
-Operation of the coin-operated car wash
-Operation of agency of several insurance, credit, car rental and
　　　　　 portable phone

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