April 9, 2013

Mitsubishi Gas Chemical Company, Inc.
Mitsubishi Corporation

Mitsubishi Gas Chemical and Mitsubishi Corporation Sign Project Development
Agreement for Establishment of Methanol & Dimethyl Ether Production inTrinidad and Tobago
Two Japanese companies, Mitsubishi Gas Chemical Company (“MGC”)(TSE 4182) and Mitsubishi
Corporation (“MC”)(TSE 8058; LSE MBC) are in the final stages of an agreement with the Governmentof Trinidad and Tobago and local partner, Neal & Massy Holdings Limited, to start developing a projectfor the commercialization of natural gas based petrochemicals. Phase 1 of the project under considerationwill produce 1 million tons of methanol and 100 thousand tons of dimethyl ether per year. The partners
are aiming to reach a final investment decision during the course of the current fiscal year, withcommercial operations scheduled to start in fiscal year 2016.

Methanol, made mainly from natural gas, is used as a raw material in the manufacture of a wide range ofproducts, including adhesives, agrochemicals, paints and synthetic resins. Dimethyl ether, for its part, hasbeen receiving a lot of attention as a substitute for LPG and as a next generation clean energy substitutefor diesel fuel in automobiles and in power generation. MGC and MC will sell the methanol produced
to the global market, while promoting dimethyl ether in Trinidad and Tobago and the wider Caribbean as
an alternative to diesel fuel in collaboration with the Government of Trinidad and Tobago and Neal &Massy.

The global demand for methanol is currently 60 million tons per year, and this demand is expected to see
a 4-5% growth in the coming years. By using natural gas produced in Trinidad and Tobago as the main
source of raw materials for producing methanol, a basic chemical, and dimethyl ether, a liquefied gas, theproject will be making a contribution to economic growth in Trinidad and Tobago and the Caribbean
region while at the same time helping to satisfy the growing global demand for methanol. The partners
will continue to work closely with the Government of Trinidad and Tobago and Neal & Massy towards
the development of other downstream petrochemicals in Trinidad and Tobago.

Location of Trinidad and Tobago

Mitsubishi Gas Chemical Dimethyl Ether Plant in Niigata, JapanDirect enquiries about the project to:
Ryuji Ideno

Masahiro Deguchi

Corporate Communications DivisionCorporation Communication Department

Mitsubishi Gas Chemical Company

Mitsubishi Corporation

Tel: +81-(0)3-3283-5041

Tel: +81-(0)3-3210-5689

Reference Information

1.

Company Outlines

Mitsubishi Gas Chemical Company
Headquarters: 2-5-2 Marunouchi, Chiyoda-ku, Tokyo, 100-8324 Japan

Main Business: Mitsubishi Gas Chemical Company is developing a wide range of operations infour companies in the major fields of natural gas chemicals, aromaticchemicals, specialty chemicals, and information & advanced materials.

Representative: Kazuo Sakai, Representative Director & President

Date Established: April 21, 1951

No. of Employees : 2,434 (5,376, consolidated) (as of end September 2012)

Mitsubishi CorporationHeadquarters: 3-1, Marunouchi 2 Chome, Chiyoda-ku, Tokyo, 100-8086 Japan

Main Business: Mitsubishi Corporation has six Business Groups which develop operations in
the diverse fields of Industrial Finance, Logistics & Development, Energy,Metals, Machinery, Chemicals and Living Essentials. In addition to theseBusiness Groups, Mitsubishi Corporation has also recently establishedthe Business Service Group and Global Environment & Infrastructure Business
Development Group.

Representative: Ken Kobayashi, President and CEO

Date Established: July 1, 1954

No. of Employees : 65,289 (consolidated, as of September 30, 2012)

Neal & Massy Holdings LimitedHeadquarters: 63 Park Street, Port of Spain, Trinidad & Tobago, West Indies

Main Business: Neal & Massy Holdings Limited is the parent company of the Neal & Massy
Group. The Neal & Massy Group is comprised of over 50 companies, which
are grouped into 2 major portfolios – the Integrated Retail Portfolio and theStrategic Investment Portfolio. Neal & Massy’s companies operate in severalindustries, including automotive and industrial equipment, food retail,distribution and logistics, consumer finance, insurance, IT and energy andindustrial gases. The Group’s operations are primarily based in Trinidad andTobago, Barbados, Jamaica and Guyana.

Representative: Arthur Lok Jack, Chairman

Year Established: 1932

No. of Employees : 8,988 (consolidated, as of September 30, 2012)2.

What is Methanol
As a basic chemical, methanol is used in the production of a range of downstream products, and isused as a raw material in the making of traditional petrochemicals, including formaldehyde andacetic acid. Methanol is also widely used in energy applications, such as gasoline blending and DME,
as well as in the production of olefins (methanol-to-olefin).

3.

What is Dimethyl Ether
Dimethyl Ether (DME) is a form of liquefied gas that can be made from natural gas or from otherraw materials such as coal or biomass. DME has similar physical property to liquefied petroleum gas(LPG). DME does not emit particulate matter (PM) or sulfur oxides (SOx) during combustion due tothe absence of sulfur. In addition, its properties do not include nitrogen oxide (NOx) or carbon
dioxide (CO2), making DME an attractive source for next generation clean energy.