1.

Profile of the consolidated subsidiary 

1

Business name

MAZDA Car Rental Corporation

2

Address

2-15 Kinya-cho, Minami-ku, Hiroshima City, Hiroshima

3

Representative

Seishi Uenishi, President & CEO

4

Business

Vehicle rental service

5

Capital

150 million yen

2.

New business name 

Times Mobility Networks Co.,Ltd.

After the change in the business name, the rent-a-car service will continue to use the brand name 'MAZDA Rent-A-Car'.

3.

Reason of the change

The purpose of the change in the business name is to clarify the position of the subsidiary in the PARK24 Group and to demonstrate the overall strength of the Group. With its name changing to Times Mobility Networks, MAZDA Car Rental Corporation will aim to become a company that will provide a range of mobility services ( means to move ), including a rent-a-car service, to respond to rapid changes in the business environment, and that will meet the diversifying needs of consumers. Times Mobility Networks will aspire to create a comfortable motoring society, which is the goal of the PARK24 Group.

4.

Scheduled date of change

Sunday, June 5, 2011