Nissan Motor Co., Ltd.

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1 Nissan Motor Co., Ltd. December 2, 2009 Chief Operating Officer Toshiyuki SHIGA 2009 Nomura CEO Forum FY09 performance China updates Zero-emission leadership Nomura CEO Forum

2 Global total industry volume* After rapid declines, market was recovering gradulally (million units) Governmental supports in developed markets Continuous growth in China Recovery from some developing markets FY07 3Q FY07 4Q 1Q 2Q 3Q 4Q FY09 1Q FY09 2Q 2 *Nissan s estimation 2009 Nomura CEO Forum Nissan sales performance in FY09 first-half TIV* Change vs. All 1H regions -9.3% Japan -10.0% 1,902 Retail volume 1,623 Change vs. All 1H regions -14.6% (million units) 6.79 (5.61) North America (US) Europe China -21.4% (-21.9%) -14.7% +22.5% (thousand units) (406) Japan North America (US) Europe China -10.3% -22.2% (-21.4%) -18.5% +19.3% 7.09 Others -6.7% 238 Others -28.5% 1H FY09 1H 1H FY09 1H 3 *Nissan s estimation 2009 Nomura CEO Forum

Nissan production volume Production volume recovered gradually 1,000 (thousand units) 900 800 700 600 500 400 300 923 933 708

level 800 (New vehicles) 700 600 630 670 670-26% (thousand units) 500 400 300 470 440 410 200 100 0 Mar 2008 Jun Dec Mar 2009

3 Nissan production volume Production volume recovered gradually 1,000 (thousand units) Q 2Q 3Q 4Q FY09 1Q FY09 2Q Nomura CEO Forum Inventory management Inventory volume remains at low level 800 (New vehicles) % (thousand units) Mar 2008 Jun Dec Mar 2009 Jun Sep Dealer inventory, except some minor countries Nomura CEO Forum Consolidated Nissan inventory, except some minor countries

4 FY09 outlook Retail sales forecast and production plan 3,411 Retail volume 3,300 Change vs. All regions -3.3% Production volume 3,084 3,170 Change vs. All regions +2.8% 612 Japan 0.0% 1,009 Japan -3.9% (thousand units) 1,000 (765) North America (US) Europe China -11.7% (-10.6%) -11.7% +30.6% (thousand units) North America Europe China -7.3% -4.4% +30.1% 508 FY09* Others -14.0% 213 FY09* Others +26.8% 6 * Forecast 2009 Nomura CEO Forum FY09 outlook Revised on November 4, 2009 (billion yen) Net revenue (A) (Actual) 8,437.0 (Previous - May 12) * FY09 (Forecast) 6,950.0 (B) * FY09 (Forecast) 7,000.0 (B)-(A) Variance -1,437.0 Operating profit Ordinary profit Net income R&D sales ratio CAPEX sales ratio % % % % % % FX rate assumption JPY/USD JPY/EUR * Forecast 2009 Nomura CEO Forum

5 FY09 upward revision Major factors Negative Foreign exchange 95 -> 85 JPY/USD in 2H Market situation Russia Middle East Positive Sales volume Governmental supports Eco friendly car line-up Flexible production control China Recovery plan Lower risk materialization Used car price in U.S Distressed suppliers etc., Nomura CEO Forum FY09 performance China updates Zero-emission leadership Nomura CEO Forum

Nissan sales (Passenger + LCV) in FY09 1Q

units (+19%), FY09 forecast : 712 k units

0 60.0 50.0 40.0 30.0-15.4% 39.5 +38.1% 43.

3 57.9 +85.9% 71.1 +66.6% 62.9 +63.8% 75.

0 0 Jan Feb March April May June July Aug

Hatchback Teana, Sylphy, Tiida and Livina

6 Nissan sales (Passenger + LCV) in FY09 1Q : +9%, 2Q : +28%, 3Q : +72% 3Q YTD : 541 k units (+19%), FY09 forecast : 712 k units (+31%) (thousand units) % % % +13.7% +27.7% +20.5% % % % Jan Feb March April May June July Aug Sep (Variance : vs. last year) Nomura CEO Forum Passenger model line-up Sedan Teana Hatchback Teana, Sylphy, Tiida and Livina : over 10 k units sales per each in July and Sep. SUV/MPV SUV:X-TRAIL Qashqai Sylphy Tiida (HB) MPV:Livina Geniss Livina C-Gear Tiida (Sedan) Livina (2row) New models in Nomura CEO Forum

7 Key contributions to Dongfeng Nissan strong performance Impact from tax reduction for vehicles under 1.6L e Expansion of distribution to Tier 2 and 3 cities 3 promises for brand enhancement Nomura CEO Forum Tax reduction for vehicles under 1.6L Thanks to tax reduction, the market for vehicles under 1.6L is expanding. Nissan s sales volume is increased by not only under 1.6L but also over 1.6L thanks to good sales of Teana, X-Trail and Qashqai. As a result, model mix remains at the same level. Qashqai DFL-PV under 1.6L model mix Sales mix under 1.6L: 66% in 08(63 63% in 09) Sylphy Tiida Tiida 1.6L Over 1.6L Livina Livina C-Gear Nomura CEO Forum

Dongfeng Nissan sales network in cities Dongfeng Nissan s sales

outlets End of 2010 Target:500 outlets :Tier1 Cities :Tier2

-Dongfeng Nissan 3 promises- 3Promises 1.

benchmark manufacturing - 100% real time inspection 3.

8 Dongfeng Nissan sales network in cities Dongfeng Nissan s sales in cities End of 2008 Actual:342 outlets End of 2009 Target:390 outlets End of 2010 Target:500 outlets :Tier1 Cities :Tier2 Cities :Tier3 Cities Nomura CEO Forum New brand tagline -Dongfeng Nissan 3 promises- 3Promises 1. Comfort Riding - Dynamic and efficient power - Roominess and comfort - Safety shield 2. Trustworthy Quality - Accurate and reliable design - Global benchmark manufacturing - 100% real time inspection 3. Warm Care - High quality of sales and services - Five promises after-sales services - Multi value-added services Nomura CEO Forum

China:Next steps Passenger vehicle: PV to increase production volume to meet market demand Commercial vehicle: raise sales target to equalize last year s level LCV: launch NT400 Cabstar, Dongfeng

9 China:Next steps Passenger vehicle: PV to increase production volume to meet market demand Commercial vehicle: raise sales target to equalize last year s level LCV: launch NT400 Cabstar, Dongfeng Shuaike and NV200 Keep necessary investments for growth strategy Continue Kaizen activities to enhance the quality of products and sales & services Nomura CEO Forum China:Continuous investments for growth (1) Expansion of Huadu plant Investment:RMB 5 billion Start of operation:2012 Capacity:240k units (Capacity to increase to 600k units from the current 360K) *Started 3 shifts from October 2009 due to meet strong demand Nomura CEO Forum

China:Continuous investments for growth (2) JATCO new plant (CVT

Capacity:140K units/year Investment:RMB 300 million Xtronic CVT 18 2009

plant Location:Shiyan, Hubei Province Start of operation:march 2009

10 China:Continuous investments for growth (2) JATCO new plant (CVT production) Location:Guangzhou, Guangdong Start of operation:september 2009 Capacity:140K units/year Investment:RMB 300 million Xtronic CVT Nomura CEO Forum China:Continuous investments for growth (3) New engine plant Location:Shiyan, Hubei Province Start of operation:march 2009 Capacity:100K units/year Engine type:zd30 Engine Applicable model: NT400 Cabstar Investment: RMB 1.5 billion ZNA new plant Location:Zhenghou, Heian Start of operation:2010 Capacity:120K units/year Investment:RMB 1.0 billion Nomura CEO Forum

11 China:LCV 3 new models NT400 Cabstar:Launched in October 2009 Dongfeng Shuaike : Launched in October 2009 NV200: Launch in the early Nomura CEO Forum FY09 performance China updates Zero-emission leadership Nomura CEO Forum

12 Why Zero Emission? Environment Problem - Global Warming - Eco-Conscious Demand - Social Trend - Zero Emission Vehicle Technology Innovation - Battery Nomura CEO Forum Long-term targets for CO2 reduction IPCC 4 th Report Temperature expected to rise by 2 degrees Celsius by 2100 Need to keep CO2 concentration below 450ppm To achieve 450ppm, need to reduce CO2 emission from all new vehicles by 90% by 2050 (vs. 2000) New vehicle Well-to-Wheel CO2 emissions (%) ppm % Reduction 23 * 90% reduction is a trial calculation to keep CO2 emission at 450ppm level 2009 Nomura CEO Forum ICE HEV EV Renewable Electricity FCV Renewable Hydrogen Zero emission Well-to-Wheel CO2 emission Reduction by future powertrains (%)

Reducing CO2 emissions ICE and HEV can only reach up to 50% CO2

EV (and FCV) is the most sustainable powertrain solution for the

80 CO 2 Emission (%) 60 40 20 0 VVEL+DIG Gasoline Engines Clean

Nomura CEO Forum Nissan has the in-house technology Peace of mind

has developed the core technologies on the battery, motor and

13 Reducing CO2 emissions ICE and HEV can only reach up to 50% CO2 reduction. Breakthrough needed to achieve CO2 reduction. EV (and FCV) is the most sustainable powertrain solution for the future Zero Emission. 80 CO 2 Emission (%) VVEL+DIG Gasoline Engines Clean Diesel KAIZEN Technologies Hybrid (HEV) EV Zero Emission Nomura CEO Forum Nissan has the in-house technology Peace of mind with range display and automatic charging-station updates Nissan has developed the core technologies on the battery, motor and inverter Nissan has pioneered the Intelligent Transport System that incorporates use of telematics Nomura CEO Forum

14 EV s ability to meet global market needs For global markets, acceptance of the EV requires reliability under various conditions and comparable performance to current vehicles Nomura CEO Forum LEAF overview Seating capacity: 4-5 adults Cruising range : over 160km (US LA4) Motor : 80kW, 280Nm Battery : 24kWh Li-ion (produced by AESC) Nomura CEO Forum

15 LEAF overview EV dedicated IT support system Nomura CEO Forum Various merits of EV EV Zero-emission Sustainable mobility society Charge at home Quiet, for you and your neighbors Electricity cost 1,200yen/mth (Charge using nighttime electricity 1,000km/mth driving) Filled-up every morning Quietness from start-up to high-speed Equivalent gasoline cost of 100km/L EV unique dynamic performance Stimulating acceleration Smooth start Nomura CEO Forum

Cruising Range Nissan LEAF: More than 160km* on full charge *US LA4 mode Over 80% of daily driving is below 100km/day worldwide. In Japan and UK, over 80% of daily driving is below 50km/day.

16 Cruising Range Nissan LEAF: More than 160km* on full charge *US LA4 mode Over 80% of daily driving is below 100km/day worldwide. In Japan and UK, over 80% of daily driving is below 50km/day. Maebashi Utsunomiya Mito Percentage (%) 130km Kofu 125km 110km Atami 110km 115km Tokyo 35km Yokohama Average range (km) per day Distance from Tokyo Nomura CEO Forum Infrastructure development Partnering with governments, agencies on infrastructure development Focus on developing an even distribution of charging units Quick charging serves to supplement home charging Case in Kanagawa by 2014 Charging stations for public use 1,000 Quick charge station every 5km (average) 5 km Number of stations 5 km 5 km 5 km Quick charge Quick charge 23 Regular charge Today Nomura CEO Forum

17 Total cost of ownership EV Comparable initial purchase cost = ICE Car Battery Price of similar ICE car _ + Monthly battery payment (Battery residual value) Target is to be less than cost of gasoline + Electric charging cost < *Incentives contribute to lower the price tag Cost of gasoline Nomura CEO Forum Battery Second-life : 4R Business Reuse euse Second-life use of batteries with high residual capacity Refabricate Repackage to fit client s needs Resell esell Resell batteries for various applications Examples of second-life application Recycle ecycle Salvage raw materials Repair parts Leveling of renewable energy Nomura CEO Forum

Current Battery Production Plan 60,000 units/year Production by early 2012 Sunderland, UK Flins, France 100,000 units/year Production from mid 2012 Portugal 65,000 units/year by 2010 Begun trial

18 Current Battery Production Plan 60,000 units/year Production by early 2012 Sunderland, UK Flins, France 100,000 units/year Production from mid 2012 Portugal 65,000 units/year by 2010 Begun trial production in July Zama, Japan Smyrna, USA 60,000 units/year Production from mid ,000 units/year Production by late Nomura CEO Forum Leveraging Global Partnerships Many governments and cities are showing interest to promote EV. More than 30 partnerships worldwide. (Nissan/Renault) UK Washington District of Columbia Ireland France Oregon California Tennessee Portugal Raleigh Monaco Arizona Switzerland Israël China Japan Singapore Australia Nomura CEO Forum

19 Nissan Renault Alliance Zero Emission strategy can be introduced based on the benefit of Alliance Synergies. Enrich peoples lives by attaining global leadership in zero-emission mobility. Alliance Synergies Shared Technology Development Shared Investment: Battery Production Leveraging Global Partnerships Nomura CEO Forum EV line up Portfolio of vehicles with separate brand identities Luxury EV Nomura CEO Forum

20 A New Era for Mobility Thank You Nomura CEO Forum

FY 2010 first-half financial results

FY 2010 first-half financial results November 4, 2010 Nissan Motor Co., Ltd. first-half financial results Key performance indicators: Financial results (billion yen) Net revenue Operating profit Net income