Mitsubishi Electric Announces New Management Structure Effective April 1 and

Changes in Representative Executive Officers, Executive Officers and

Executive Officers(Associate)

TOKYO, February 17, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announces that a new management structure will be adopted and the executive officer structure and division of duties will be changed effective April 1 2022, pursuant to a resolution passed during a regular meeting of the Board of Directors held on February 17, 2022. The Company also announces Executive Officers (Associate) to be newly appointed on the same date.

1. Management Structure

In order to accelerate the Company's corporate strategy to provide Integrated Solutions to address social challenges in the four fields of Life, Industry, Infrastructure and Mobility, uniting all the capabilities inside and outside of the Group, as well as to develop and drive business strategies with company-wide and medium- to long-term perspectives by maintaining a bird's-eye view on a wide range of business domains, from FY2022, the Company will assign new Business Area (BA) Owner responsibilities to Executive Officers, who will oversee multiple interconnected business groups with a social challenge as the focal point.

BA Owners will, from a company-wide perspective, facilitate the acceleration of M&As and business restructuring in business groups within their purview. Moreover, they will drive the creation of new businesses, enhancement of technological and business fields, and strategic shifting of resources with a bird's-eye view of their respective BA. Furthermore, the Company will drive dynamic and speedy management reforms that break free from the conventional business group structure, such as BA Owners jointly creating synergies across the boundaries of BAs with a company-wide perspective.

In corporate divisions, the Company will expand the chief officer structure to clarify their roles by primary function. Swiftly grasping various changes in the environment surrounding the business, such as digital transformation (DX), carbon neutrality and geopolitical risks, they will seek to develop company-wide strategies, such as sustainability strategies, to be implemented across the boundaries of BAs to create both social and economic values, and to enhance their functions to support each BA.

The relationship between business areas and business groups in FY2022 will be as follows and the attached:

[Infrastructure BA]

Infrastructure BA will help building more resilient and safe social infrastructure systems by proposing a wide range of solutions that leverage digital engineering technologies the Company has accumulated.

[Industry and Mobility BA]

Industry and Mobility BA will help creating a smart industrial society and mobility society amid a rapidly changing business environment with the advent of industry 4.0 and CASE, by reciprocally leveraging and developing the technologies accumulated by the two business groups under its umbrella, such as drive control technology and sensor technology.

[Life BA]

Life BA will help creating an enriched sustainable living by offering comfortable and convenient spaces for a wide range of communities from personal to public, unconstrained by individual business domains such as elevators and HVAC systems.

[Business Platform BA]

Business Platform BA will offer highly efficient and reliable semiconductor devices as well as secure and highly scalable information systems throughout society to help solve diversifying social challenges while supporting the development of the three abovementioned BAs.

2. Changes of Executive Officers (effective April 1, 2022)

*Details of areas of responsibility

  Technology Strategies:                            Intellectual Property, Corporate Research and Development

  Global Marketing:                                   Overseas and Domestic Marketing

  Manufacturing:                                       Corporate Quality Assurance Reengineering, Total Productivity Management &

Environmental Programs

  Infrastructure Business Area:                 Public Utility Systems, Energy & Industrial Systems, Electronic Systems

  Industry and Mobility Business Area:    Factory Automation Systems, Automotive Equipment

  Life Business Area:                                Building Systems, Living Environment & Digital Media Equipment

  Business Platform Business Area:          Information Systems & Network Service, Semiconductor & Device

*Details of Chief Officer

  CEO:                 Chief Executive Officer

  CRO:                 Chief Risk Management Officer

  CMPO:             Chief Material Procurement Officer

  CCO:                 Chief Communication Officer

  CIO:                  Chief Information Officer

  CISO:                Chief Information Security Officer

  CQO:                Chief Quality Officer

  CSO:                 Chief Strategy Officer

  CTO:                 Chief Technology Officer

  CMO:                Chief Marketing Officer

  CFO:                 Chief Financial Officer

  CHRO:              Chief Human Resources Officer

  CPO:                 Chief Productivity Officer

  CDO:                Chief Digital Officer

3. Retiring Executive Officers (effective March 31, 2022)

4. Career Summary of Newly Appointed Executive Officers (as of February 17, 2022)

5. Executive Officers(Associate) (effective April 1, 2022)

Based on the company-wide management policy, the Company will newly appoint Executive Officers (Associate) who will make decisions on overall management and execute business in relation to groups / business groups / corporate divisions within their purview. The appointments are as follows:

6. Career Summary of Executive Officers(Associate) (as of February 17, 2022)

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About Mitsubishi Electric Corporation

With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its "Changes for the Better." The company recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal year ended March 31, 2021. For more information, please visit www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2021

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