Nissan Holds 112th Ordinary General Meeting of Shareholders

YOKOHAMA - Nissan Motor Co., Ltd., today held its 112th Ordinary General Meeting of Shareholders at the National Convention Hall of Yokohama. The meeting lasted 2 hours 16 minutes, starting from 10:00 JST and concluding at 12:16 JST. A total of 1005 shareholders attended the meeting.

The shareholders’ meeting included an overview of the company’s new six-year business plan called “Nissan Power 88.” The key contents of the plan focus on developing Nissan’s leadership and profitability in global growth markets; actively cultivating sustainable mobility through zero-emission cars and technologies that reduce emissions; and advancing “mobility for all” by offering attractive, competitive products to make personal mobility accessible for people worldwide.

Chief Operating Officer Toshiyuki Shiga reported on the company’s sales and financial performance from fiscal year 2010 and its outlook for fiscal year 2011. Nissan President and CEO Carlos Ghosn confirmed the company’s plan to distribute a sustainable, attractive dividend over the course of the midterm plan, with a dividend of 20 yen per share for fiscal year 2011 and a targeted minimum payout ratio of 25% of net income beyond fiscal 2011 and through fiscal 2016.

Ghosn and the members of Nissan’s Executive Committee responded to questions submitted by shareholders who attended the meeting and who supplied questions in advance.

Three items were proposed to the shareholders for approval:

*the approval of appropriation of retained earnings for the 112th fiscal year;
*delegation to the board of directors to determine the terms and conditions of issuing Shinkabu-Yoyakuken (share options) without consideration to employees of the company and directors and employees of its affiliates; and
*the election of nine directors due to the expiration of terms of all directors.

All items were approved by the shareholders as presented.

In place of the annual reception party for shareholders at the conclusion of the meeting, the company made a donation to relief efforts benefiting victims of the March 11 earthquake and tsunami in Japan. The donation was made in the name of all Nissan shareholders.

About Nissan
Nissan Motor Co., Ltd., Japan’s second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with more than 248,000 employees globally, Nissan provided customers with more than 4.1 million vehicles in 2010, generating revenue of 8.77 trillion yen ($102.37 billion US). With a strong commitment to developing exciting and innovative products for all, Nissan delivers a comprehensive range of 64 models under the Nissan and Infiniti brands. A pioneer in zero-emission mobility, Nissan made history with the introduction of the Nissan LEAF, the first affordable, mass-market, pure-electric vehicle and winner of numerous international accolades, including the prestigious 2011 European Car of the Year award and 2011 World Car of the Year.