Mitsubishi Electric Announces Director Candidates

TOKYO, May 25, 2022 - Mitsubishi Electric Corporation (TOKYO Prime Market: 6503) announces that it has received the interim report on the results of the company-wide investigation and assessment on improper quality control practices by an Investigative Committee of external experts, and that in response, a meeting of the Nomination Committee was held on May 25, 2022 and the candidates for Directors were determined as listed below to be proposed at the Ordinary General Meeting of Shareholders to be held on June 29, 2022.

At the meeting of the Nomination Committee held on March 31, 2022, candidates for Directors who are Directors and Executive Officers of the Company (including those who retired on March 31, 2022) were determined as tentative candidates. Based on the report by the Investigative Committee received today, the Company has once again confirmed these candidates for Directors.

1. Director Candidates (current positions)

Mitoji Yabunaka [Director]

Hiroshi Obayashi [Director (Attorney-at-law, Obayashi Law Office)]

Kazunori Watanabe [Director (Certified Public Account, Tax Accountant, Kazunori Watanabe Certified    Public Accountant & Tax Accountant Office)]

Hiroko Koide [Director]

Takashi Oyamada [Director (Senior Advisor, MUFG Bank, Ltd.)]

Tatsuro Kosaka [Senior Advisor, Chugai Pharmaceutical Co., Ltd.] -new candidate-

Hiroyuki Yanagi [Adviser, Yamaha Motor Co., Ltd.] -new candidate-

Kei Uruma [Director, Representative Executive Officer, President & CEO]

Tadashi Kawagoishi [Director]

Kuniaki Masuda [Director, Executive Officer CFO (Accounting and Finance), CHRO (General Affairs and
Human Resources)]

Jun Nagasawa [Senior Advisor] -new candidate-

Kunihiko Kaga [Executive Officer (Auditing), CSO (Corporate Strategic Planning and Operations of
Associated Companies), CTO (Technology Strategies)] -new candidate-

Notes:

1) Titles in [ ] are current positions and assignments at Mitsubishi Electric and important concurrent positions at other companies as of May 25, 2022.

2) Messrs. Yabunaka, Obayashi, Watanabe, Oyamada, Kosaka and Yanagi and Ms. Koide are Outside Director candidates.

2. Retiring Directors

Masahiko Sagawa (Director)

Takashi Sakamoto (Director)

3. New Candidates

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About Mitsubishi Electric Corporation

With more than 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 4,476.7 billion yen (U.S.$ 36.7 billion*) in the fiscal year ended March 31, 2022. For more information, please visit www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of \122=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022