Rental vehicles

TOKYO, June 26, 2008 – Nissan Motor Co., Ltd. and Nissan Financial Services, Co., Ltd. (NFS), a wholly-owned subsidiary of Nissan, today announced the decision to separate its car rental business division – Nissan Rent-a-Car - currently under NFS and integrate it under Nissan Network Holdings Co., Ltd.,* by December 2008.

In Japan, the car rental business is expected to grow further, due to the diversification of vehicle ownership patterns. As one of its core businesses, Nissan will establish a dedicated car rental subsidiary to facilitate the expansion of the business through the right allocation of resources and focused management.

NFS will continue to focus on its core business of vehicle leasing and financing.

J.D. Power and Associates Reports: Enterprise Ranks Highest in Satisfying Rental Car Customers for a Fourth Consecutive Year

WESTLAKE VILLAGE, Calif.: 13 November 2007 — As frustrations mount for travelers in a year fraught with a record number of flight delays, customer satisfaction with rental cars has declined considerably, according to the J.D. Power and Associates 2007 Rental Car Satisfaction StudySM released today.

Now in its 12th year, the study measures overall customer satisfaction with renting cars at airports by examining six factors (listed in order of importance): costs and fees, pick-up process, rental car, return process, reservation process and shuttle bus/van. Overall satisfaction drops from 767 points on a 1,000-point scale in 2006 to 750 in 2007.