This is to announce that on May 26, 2004, under the provision of 3-1-2 of Article 211 of the Commercial Code, the Board of Directors of MABUCHI MOTOR CO., LTD("MABUCHI MOTOR") resolved to repurchase its own Shares by a Tender Offer.

1. Purpose for repurchase of shares

In order to increase efficiency of capital, MABUCHI MOTOR implements repurchase of its shares by a Tender Offer

2. The Tender Offer period

From May 27, 2004(Thursday) to June 16(Wednesday), 2004

3. The unit purchase price

JPY 7,120 per each share

4. Calculation basis of the price

97% of the closing price on Tokyo Stock Exchange on May 25, 2004 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

2,700,000 shares(5.74% of outstanding shares)
*As of May 26, 2004, the status of treasury stock of MABUCHI MOTOR is as follows:

• Number of shares of treasury stock : 3,976,379 shares
• Number of outstanding shares issued(excluding treasury stock) : 43,099,502 shares

6. Required Yen amount for the repurchase

JPY 19,252,000,000 (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 Mr.Kenichi Mabuchi and Mr. Takaichi Mabuchi, Chairman of MABUCHI MOTOR, who 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.