For immediate release

22 March 2001

Nissan Announces Sale of Holdings in Nissan Builnet

Tokyo – Nissan Motor Co Ltd announced today that it is to sell 100% of its stake in Nissan Builnet Corporation to Kyoritsu Maintenance.  The deal, details of which are not being disclosed, will be completed on
29 March this year.

Nissan Builnet provides a range of services including management of rental buildings for office and retail purposes, comprehensive building maintenance, (spanning facilities maintenance, security, sanitation and environmental maintenance), real estate agent services and construction. Kyoritsu Maintenance Co Ltd manages and administers dormitories for businesses and students.

The sale of Builnet is part of Nissan's on-going programme to free up resources from non-core holdings to focus on investing in new products and technologies while reducing the company's debt.

As part of the Nissan Revival Plan, the company has committed to returning to a net consolidated profit in fiscal year 2000, achieving an operating margin of at least 4.5 percent and reducing net consolidated automotive debt to less than 700 billion yen by the end of fiscal year 2002.

Nissan announces sale of holdings in Nissan Builnet…2

Additional Information on Nissan Builnet

Company Name:               Nissan Builnet Corporation

Areas of operation:            Building management, rental building management

Established:                       November 1960

Address:                            Ginza, Chuo-ku, Tokyo  

ends…

For further information contact:

David Swerdlow                 Tel: 01923 899935

Email:                                 David.Swerdlow@nissan.co.uk

All Nissan news releases and pictures can be downloaded from the Newspress website at http://www.newspress.co.uk

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