7th Feb 2006 12:16
Toyota Motor Corporation07 February 2006 (Translation) To Whom It May Concern: February 7, 2006 TOYOTA MOTOR CORPORATION 1, Toyota-cho, Toyota City, Aichi Prefecture Notice Concerning the Dissolution of a Subsidiary We hereby give notification that at the meeting of the Board of Directors ofToyota Motor Corporation ("TMC") held on February 7, 2006, TMC decided todissolve its subsidiary, Toyota Credit Argentina S.A. ("TCA"), as describedbelow. 1. Reason for the Dissolution TCA was established in September 1998 as a subsidiary of TMC in order to promotethe sales finance business in Argentina. Due to Argentina's currency crisis thatoccurred at the end of 2001, however, it became difficult to continue stableoperating activities. In November 2004, Toyota Compania Financiera de Argentina S.A. ("TCFA"), a salesfinance subsidiary with a banking license, was newly established. As theoperating activities of TCA have already been transferred to TCFA and there areno anticipated effects of TCA's dissolution on the sales finance business inArgentina, TMC has decided to dissolve TCA. 2. Facts of the Subsidiary to be Dissolved Company Name: Toyota Credit Argentina S.A. Location: 877 Moreno Street, 5th Floor C1091AAQ, Buenos Aires, ARGENTINA Date of Incorporation: September 1998 Representative: Eduardo Espinelli Contents of Business: Automobile sales finance Capital: 20 million Argentine pesos Shareholder Composition: Toyota Financial Services Americas Corporation: 66.75% Toyota Motor Credit Corporation: 33.25% 3. Schedule for the Dissolution Scheduled to be dissolved in or after December 2006 4. Anticipated Effects on the Business Performance The anticipated effects of the dissolution of TCA on TMC's business performance are minor. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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