Press Release

Announcement on the Changes in Cash Dividend
Forecast for Fiscal Year Ending March 2009

February 6, 2009

Company name
Stock exchange listing
Contact person
Isuzu Motors Limited
Code No. 7202, The 1st Section, Tokyo Stock Exchange in Japan
Susumu Hosoi, President and Representative Director
Hirotoshi Kouyama, General Manager, General Affairs,
Corporate Administration Division, Isuzu Motors Limited, Tel: 81-3-5471-1141

  The Board of Directors of Isuzu Motors Limited (the "Company"), at its meeting held on February 6, 2009, revised the amount of the projected dividend per share of common stock for the year ending March 31, 2009 as follows:

Reasons for changes
In determining the amount of cash dividends per share, the Company has been placing high priority on keeping the appropriate balance of the redistribution of profits to its shareholders and the reinforcement of earnings retention stocked to improve financial strength and to prepare future business expansion.
Regarding the year-end cash dividend of FY2009, with the downward revision of financial projection for the year-end of FY2009, projected dividend has been changed and become undecided. The amount will be proposed later, taking into consideration the annual financial results of FY2009 and other factors comprehensively.

Adjustments and changes made in the projected cash dividend for the year-end of FY2009
  Dividends per Share (yen)
Record Date The End of
1st Quarter
The End of
2nd Quarter
The End of
3rd Quarter
Year End Total
Latest Dividend Forecast
(Announced on Nov. 5, 2008)
- - - 3.00 6.00
Projected Dividend - - - (undecided) (undecided)
Performance in FY2009 - 3.00 - - -
Performance in FY2008 - 0.00 - 5.00 5.00