May 08, 2015

풀 카지노vy Industries, Ltd.
풀 카지노vy Industries Material Handling Systems Co
미츠비시 헤비 Industries
미츠비시 헤비 Industries Machinery Technology Corporation

have concluded an absorption-type company split agreement regarding the transferal of industrial crane (hereinafter

Background and objectives

despite being subject to highly variable market conditions in the short term depending on the type of equipment
SHI Material Handling Systems and MHI Machinery Technology have decided to pool their resources to increase their competitiveness in crane equipment
these measures will allow the two companies to strengthen their ability to meet the demands of the Korean market

Overview of this absorption-type company split

1) Description of business included in this absorption-type company split
　Crane business of MHI Machinery Technology
ceiling-mounted cranes
2) Method for the absorption-type company split
with its business being transferred to SHI Material Handling
MHI is expected to acquire a stake in SHI Material Handling Systems of approximately 17%
　a policy of maintaining its involvement in the crane business as a shareholder

Overview of SHI Material Handling Systems

1) Company name
　풀 카지노vy Industries Material Handling Systems Co
2) Head office location
　1-1 오사키 2-초메
3) Representative
　Katsuhide Yokota
4) Business description
Manufacture and sales of machinery for materials handling
and other machinery for industrial and general applications
　and after-sales service
5) Capital
　JPY 480 million
6) Date established
　April 1, 1978
7) Major shareholder and shareholding
　Wholly owned by 풀 카지노vy Industries

Overview of MHI Machinery Technology

1) Company name
　Mitsubishi Heavy Industries Machinery Technology Corporation
2) Head office location
칸온 신마치 4초메
3) Representative
　마모루 하세가와
4) Business description
and after-sales services for the following machinery: material handling
　systems and related machinery and equipment
　related machinery and equipment
5) Capital
　JPY 1,000 million
6) Date established
　April 1, 2012
a precursor of MHI Machinery Technology
　1, 1984)
7) Major shareholder and shareholding
　Wholly owned by Mitsubishi Heavy Industries

Schedule for this absorption-type company split

2015: Conclusion of the absorption-type company split agreement
2015: Planned date for the split (date on which the agreement takes effect)