SUNNYVALE, Calif. — June 12, 2002 — The Electronic Device Group of Mitsubishi Electric & Electronics USA, Inc., announced today that Mitsubishi Electric Corporation’s worldwide semiconductor operations received a first-year "Partners in Performance" award from Celestica Inc. (NYSE, TSX: CLS), a world leader in electronics manufacturing services (EMS). Mitsubishi Electric received the award at Celestica’s fourth annual Global Supplier Awards in Toronto.

"Mitsubishi Electric’s support of Celestica’s supply chain requirements was essential to the success of Celestica’s relationships with its customers," said Karlheinz Totz, chief procurement officer, Celestica. "We’re proud to recognize Mitsubishi Electric as one of Celestica’s Partners in Performance and we value their contribution immensely."

Celestica gives its "Partners in Performance" awards in recognition of outstanding achievement and support of its electronics manufacturing services goals. Recipients of the awards are recognized for their ability to support Celestica’s supply chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency, and overall supplier performance.

"Mitsubishi Electric strives to work very closely with its EMS customers to help them achieve their supply chain management objectives," said David Schwartz, senior vice president of sales for the Electronic Device Group of Mitsubishi Electric & Electronics USA, Inc. "Our theme, ‘Customers are All that Matter,’ drives our supply chain programs and we consistently strive to do whatever it takes to meet their global requirements."

Mitsubishi Electric has established global management teams that are dedicated to meeting the individual needs of each EMS customer responsively and quickly. Schwartz considers Celestica’s prestigious award to be "particularly gratifying, because it demonstrates the effectiveness of our programs in helping Celestica meet its customer requirements — which is, in the end, all that matters."

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About Mitsubishi Electric & Electronics USA, Inc.

Mitsubishi Electric Corporation and its North American affiliate, Mitsubishi Electric & Electronics USA, Inc., are world-class suppliers of semiconductors and electronic products for computers, communications, industrial, Internet-enabled, automotive, and visual applications. Mitsubishi Electric combines its systems-level expertise and high-level silicon process technologies to provide chip, chipset and system-on-chip solutions. The company is ranked among the top-tier worldwide semiconductor suppliers and offers an extensive range of semiconductor and computer system components for the North American marketplace, including embedded DRAM/flash/SRAM, ASIC, ASSP, MCU, discrete memory and memory modules, microwave/RF, and optoelectronic products.

Additional information on the Mitsubishi Electric Semiconductor Group is available at http://www.mitsubishichips.com.

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Mitsubishi Electric & Electronics USA, Inc.
John Garner
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