This is to announce that on May 16, 2002, the Board of Directors of MABUCHI MOTOR CO., LTD("MABUCHI MOTOR") resolved to implement a Tender Offer for Acquisition of its own Shares. The repurchase of the shares was approved at the FY2001 Ordinary General Shareholders' Meeting held on March 28, 2002.

1. Purpose for repurchase of shares

In order to swiftly implement flexible capital policies under the variable business environment, MABUCHI MOTOR proposed an agenda asking for authorization to repurchase its shares under the provision of Article 210 of the Commercial Code at the FY2001 Ordinary General Shareholders' Meeting held on March 28, 2002 and was authorized to repurchase its shares as follows:

1. Type of shares to be repurchased : Common stock of MABUCHI MOTOR
2. Maximum amount of repurchase : Up to JPY 27,000,000,000
3. Maximum number of shares to be repurchased : Up to 2,000,000 shares(4.25% of outstanding shares)

2. The Tender Offer period

From May 17, 2002 to June 6, 2002

3. The unit purchase price

JPY 11,900 per each share

4. Calculation basis of the price

93% of the closing price on Tokyo Stock Exchange on May 15, 2002 which was immediately before the date of the meeting of the Board of Directors of MABUCHI MOTOR at which the implementation of the Tender Offer for Acquisition of Own Shares was resolved.

5. Number of shares to be repurchased

2,000,000 shares

6. Required Yen amount for the repurchase

JPY 23,828,000,000 (including transaction costs of JPY 28,000,000)

7. Applications to the Tender Offer by major shareholders

On May 16, 2002, the Board of Directors of MABUCHI MOTOR approved that if KEN MABUCHI CORPORATION and PREMIERE CORPORATION, which are major shareholders of MABUCHI MOTOR ,holding 3,490,000 shares (7.41%) and 2,420,000 shares (5.14%), respectively, apply to the Tender Offer, MABUCHI MOTOR will accept the applications in accordance with the procedures and conditions for the Tender Offer.