INCJ, Hitachi Construction Machinery and Nissan sign definitive agreement

TOKYO, Japan (April 20, 2012) - Innovation Network Corporation of Japan ("INCJ"), Hitachi Construction Machinery Co., Ltd. ("Hitachi Construction Machinery") and Nissan Motor Co., Ltd. ("Nissan"), today announced that they have signed a definitive agreement to integrate their forklift businesses, which are operated by subsidiaries of Hitachi Construction Machinery and Nissan (i.e., TCM Corporation and Nissan Forklift Co., Ltd., collectively referred to as "the Subject Subsidiaries") into a new company, UniCarriers Corporation, to be established and operated mainly by INCJ. All issued shares of the Subject Subsidiaries will be transferred to the new company, subject to receiving the necessary approvals from government authorities, and a total of 30 billion yen of growth capital will be injected by INCJ into the new company. The voting shares of the new company will be held as follows: 53.3% by INCJ, 26.7% by Hitachi Construction Machinery and 20.0% by Nissan. The new company aims to start operations under the new administration within 2012. Overview of the New Company (as currently planned) Start of operation: Within 2012 Company name: UniCarriers Corporation Headquarters location: To be determined Capital: 18.75 billion yen Representative: Satoru Omori Shareholders and ownership ratio of voting shares: INCJ: 53.3%, Hitachi Construction Machinery: 26.7%, Nissan: 20.0% Business description: Development, design, production and marketing of industrial vehicles, special machinery and construction machinery Consolidated subsidiaries: TCM Corporation, Nissan Forklift Co., Ltd.

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