Mitsubishi & Co. (Australia) Ltd. is aware of an article in the Friday 13 May edition of the Australian Financial Review reporting that “Mitsubishi” is part of a consortium that has purchased 37,000 hectares of land between Sydney and Melbourne with the purpose of constructing a high-speed rail link.

Mitsubishi & Co. (Australia) Ltd. and its parent company Mitsubishi & Co. Ltd. (“Mitsubishi”) would like to provide the following comment in relation to this report.

• Mitsubishi is not part of any formal consortium to develop high-speed rail in Australia.
• Mitsubishi has not solely or in partnership, acquired land in Australia for the purpose of developing high-speed rail.
• Mitsubishi was not contacted by the Australian Financial Review for comment, or to verify information.