EX-5 6 ex5.txt OPINION OF COUNSEL Peter R.P. Evelyn, Q.C. Attorney at Law Hothersal House, St. John Barbados, West Indies May 8, 2002 Board of Directors Motors Mechanical Reinsurance Company, Limited One Financial Place Collymore Rock St. Michael, Barbados Re: Participating Stock-Registration Statement on Form S-2 Gentlemen: Reference is made to the Registration Statement on Form S-2 (the "Registration Statement") of Motors Mechanical Reinsurance Company, Limited, a Barbados corporation (the "Company"), File No. 333-82365, filed with the United States Securities and Exchange Commission under the Securities Act of 1933, as amended, in connection with the proposed offer and sale by the Company of up to 12,000 shares of Participating Stock, no par value (the "Shares"). As counsel to the Company, I have examined the corporate proceedings and such other legal matters relating to the Shares as I deemed relevant to the opinions expressed below. Based on such examination, I am of the opinion that: 1. The Company is a corporation duly organized and existing under the laws of Barbados. 2. The Company has corporate power to authorize, issue and sell the Shares. 3. Upon the issuance and sale, the Shares shall be duly and validly issued and outstanding, fully paid and non-assessable. Yours faithfully, s/ Peter R.P. Evelyn Peter R.P. Evelyn, Q.C.