News Release
Mitsubishi Estate February 22, 2001


Architectural Design & Engineering Division to form an independent Unit
Mitsubishi Jisho Sekkei Inc. to be Established March 1 and Commence Business June 1

Mitsubishi Estate Co., Ltd. announced today that the Architectural Design & Engineering Division, a key business division like the Building and Residential Development Division, is to be reorganized to establish Mitsubishi Jisho Sekkei Inc. on March 1, 2001. All operations of the Architectural Design & Engineering Division are to be transferred to the new company on June 1, 2001, and with business set to commence on that day as well. Details of the new company are as follows.

 
New Company Name: Mitsubishi Jisho Sekkei Inc.
Date of Establishment: March 1, 2001
First Day of Business: June 1, 2001
Head Office: Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo, Japan
Paid-in Capital: 300 million yen (to be increased on June 1)
President: Katsuhisa Shimada, Representative Director
(Head Officer, Architectural Design & Engineeering Division
Senior Managing Director, Mitsubishi Estate Co., Ltd.)
Shareholders: 100% fully owned subsidiary of Mitsubishi Estate Co., Ltd.
Main Business: Design management of construction and civil engineering work,
Consultation for urban and regional development, environmental
management, etc.
Employees: 430 (approximate, as of June 1, 2001)
Sales Forecast: 13 billion yen (approximate, fiscal 2002)