NISSAN'S SPANISH INDUSTRIAL OPERATIONS INVEST IN QUALITY TO FOSTER GROWTH IN THE LCV BUSINESS Barcelona, September 20 - As part of its commitment to grow its Light Commercial Vehicles business in Europe, Nissan has invested over €140 million in order to launch new products and to assure total quality along the industrial process. Nissan’s Spanish Industrial Operations produce three of the four LCVs displayed at the 61st Hanover International Motor Show, including the all-new Cabstar, Atleon and Primastar. In the Avila Plant, Nissan has invested €140 million to develop the project and produce the new Cabstar and Atleón light trucks. €27 million has been invested exclusively to improve quality and production processes, including: - Dedicated press shop tooling - Brand new body shop process with 14 robots - Vehicle assembly process with approx 100 new high technology torque control tools - Automated glazing for front windscreen fitment - Hydraulic cylinder systems for simulation of laden vehicles condition during wheel alignment setting Likewise, Nissan has invested more than €5 million in updating the Primastar Commercial Vehicle, produced in the Barcelona plant. Nissan will produce more than 100.000 Light Commercial Vehicles in Spain in 2006. The new Cabstar will represent approximately 16,500 units; New Atleón, 5,100 units; and Primastar, (also marketed as the Renault Trafic, and Opel Vivaro), approximately 78,500 units. According to the memorandum of understanding signed with Renault Trucks to supply a vehicle based on the new Cabstar, Nissan’s Avila plant will reach a total production of 30,000 units of this model annually. The production is scheduled to start during the first quarter of 2007. José Vicente de los Mozos, Nissan Motor Ibérica Managing Director, stated: “Nissan is entering a critical period with new products and a focused strategy, gearing the company towards a leading position on the LCV market place. The main challenge for our factories is ensure top-level quality on our products in order to better serve our customers . We want to ensure that the models produced in our Spanish Operations offer real business solutions to our customers and contribute to the success of their business”. Nissan Motor Ibérica has implemented a three year plan, named Top ´07 which runs from fiscal year 2005 through fiscal year 2007. The objective of Top ‘07 is to raise the competitive level of the Nissan’s Industrial Operations in Spain to the top level among all Nissan factories in the world. This objective will be reached at the end of 2006, one year ahead of schedule.