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Press Release

Company Notice: Date announced for new company name change to “Mitsubishi Power”

No. 203

YOKOHAMA, JAPAN (July 31, 2020) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, announced on April 24, 2020, that it will change its name to “Mitsubishi Power, Ltd.” in conjunction with the transfer of shares in MHPS held by Hitachi, Ltd. to MHI. The date of the company name change, which was not fixed at that time, is on the schedule below.

Since its founding, MHPS has steadily improved its strength in three core areas: technology, comprehensive engineering and after-sales servicing so as to respond to the needs of customers and society. The Company also continues to successfully achieve global business expansion. In this way the Company is able to provide products of superlative quality and reliability, deliver projects around the world, and consistently meet user needs.

Under its new name, Mitsubishi Power, as one of the core subsidiaries of MHI Group, offers cutting-edge technologies and energy solutions for the power industry, supporting affordable and reliable power supplies in regions throughout the world. Further, by providing world-leading technologies, Mitsubishi Power is a key participant in creating a decarbonized, sustainable economy, helping to solve the challenges facing our global society.

■Date of the Change of Company Name

September 1, 2020

■Group Companies

The names of some Group companies in China and India, which had not been determined previously, have been decided as shown in the attachment.

■Corporate Brand Logo

Corporate Brand Logo