Mitsubishi Estate Co., Ltd. officially announced today its plan to commence the reconstruction of the Shin-Marunouchi Building, located at Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan. Construction of the present building was completed in 1952, and its basic facilities are beginning to decay. In order to meet the continually expanding needs of today's modern offices and improve safety from the viewpoint of disaster prevention, the decision was made to rebuild the structure.

This is the sixth project to be undertaken as a part of redeveloping the Marunouchi District, following the reconstruction of the Marunouchi Building, the joint development plan for the Nihon Kogyo Club-Mitsubishi Trust and Banking Corporation Headquarters Building, Marunouchi 1-chome 1-gaiku (tentative name) at the North Marunouchi exit of Tokyo Station, and the reconstruction plans for the Tokyo Building and Hibiya Park Building.

After obtaining administrative guidance and acquiring the cooperation of related parties involved, the Company will proceed with the planned operation and its tangible contents. Presently, building reconstruction is scheduled to begin in 2004 and be completed in 2007.