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Earnings Release

June 17, 2005
Translation

Company name  :  Isuzu Motors Limited
Representative  :  Yoshinori Ida, President
( Code Number: 7202 on Tokyo Stock Exchange )
Contact  :  Mr. Hirotoshi Koyama
General Manager, General Affairs& HR Department
  (TEL. 03-5471-1141)


Completed Redemption of Isuzu Motors Limited
2nd Series Unsecured Convertible Bonds


As per the notification released on May 27, 2005, Isuzu Motors Limited is pleased to announce that it has redeemed its 2nd Series Unsecured Convertible Bonds (bonds with stock acquisition rights, with pari passu clause limited to the bonds) as follows before its maturity pursuant to the terms and conditions of the bond issuance.


1.  Target Bond Isuzu Motors Limited 2nd Series Unsecured Convertible Bonds (Bonds with stock acquisition rights, with pari passu clause limited to the bonds)
2.  Redeemed Amount  Y40 billion
3.  Redemption date June 17, 2005.

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