This is to announce that on May 15, 2003, 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 FY2002 Ordinary General Shareholders' Meeting held on March 28, 2003.

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 FY2002 Ordinary General Shareholders' Meeting held on March 28, 2003 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 25,000,000,000
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 16, 2003 to June 5, 2003

3. The unit purchase price

JPY 8,250 per each share

4. Calculation basis of the price

93% of the closing price on Tokyo Stock Exchange on May 14, 2003 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 16,528,000,000 (including transaction costs of JPY 28,000,000)

7. Applications to the Tender Offer by major shareholders

The Board of Directors of MABUCHI MOTOR has been informed that KEN MABUCHI CORPORATION and PREMIERE CORPORATION, which are major shareholders of MABUCHI MOTOR, intend to apply to the Tender Offer.

8. Restrictions

The Tender Offer is not being made and will not be made directly or indirectly, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America. Accordingly, any documents related to the Tender Offer are not being, and must not be, mailed or otherwise transmitted or distributed in or into the United States of America. Any purported acceptance of the Tender Offer resulting directly or indirectly from a violation of these restrictions will be invalid.