DRIVEN BASE

DENSO Announces Issuance of Unsecured Straight Bonds

Feb. 24, 2009

KARIYA (Japan) - DENSO Corporation today announced the issuance of its fifth unsecured straight bonds with inter-bond pari passu clause.

The conditions are as follows.

1.Issue amount :100 billion yen
2.Coupon rate :1.373 percent per annum
3.Issue price :100 yen per face value of 100 yen
4.Redemption price :100 yen per face value of 100 yen
5.Due date :December 20, 2013
6.Payment Date :March 3, 2009
7.Joint lead managers :Nomura Securities Col, Ltd., and Mitsubishi UFJ Securities Co., Ltd.
8.Ratings :AAA (Rating and Investment Information, Inc.), AA (Standard & Poor's)

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 119,000 people in 32 countries and regions, including Japan. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.densomediacenter.comTo out site .