28 March 2012

---Hitachi offers total environmental solutions---

BASKING RIDGE, NJ, March 28, 2012 – Hitachi Power Systems America, Ltd., a wholly owned subsidiary of Hitachi America, Ltd., today announced that it has signed a license agreement with Solios Environnement Inc. to design and supply Enhanced All-Dry (EAD) Scrubber technology, jointly developed with Solios Environnement Inc, for the global electric utility market. Financial terms were not disclosed.

The EAD Scrubber technology is the original circulating semi-dry scrubber technology developed by Solios in the 1980s that has been widely applied in industrial sectors. It effectively removes SO2 as well as SO3, HCl, mercury and particulate matter from flue gas. Reactions occur in an entrained-flow, open vertical absorber which is preferred over more complex fluidized bed processes. By separating the reagent humidification and sulfur capture steps, this enhanced system is simple and reliable. Hitachi is applying the EAD Scrubber technology with a modular approach that allows unlimited scrubber capacity, virtually unlimited turndown, and enhanced system layout flexibility. EAD Scrubber technology has the additional advantages of low capital cost, low water consumption and dry byproducts, avoiding costly waste water treatment.

EAD Scrubber technology is expected to play an increasingly important role in multi-pollutant control for coal-fired power plants. The EAD Scrubber technology, together with Hitachi's licensed fabric filter technology, will help utilities meet the new Mercury and Air Toxics (MATS) rule and Cross-State Air Pollution Rule (CSAPR).

Bernard Cloutier, Managing Director of Solios Environnement, Inc. stated, “We are very pleased with this Agreement with Hitachi. The EAD technology has been applied successfully for the last 20 years on various industrial processes, including industrial boilers. This Agreement between Hitachi and Solios will allow further development of the EAD technology and its application in the large power generation market.”

Henry Bartoli, president and CEO of Hitachi Power Systems America, Ltd. stated, “This technology is another great addition to Hitachi’s portfolio of emission control products and services. It allows us to offer complete power generation and pollution control systems with strong R&D to develop, integrate, and optimize performance and efficiency for power generation facilities.”

About Hitachi Power Systems America, Ltd.

Hitachi Power Systems America, Ltd., a wholly owned subsidiary of Hitachi America, Ltd., headquartered in Basking Ridge, New Jersey, is a leading supplier of equipment and services for the power generation market including thermal, nuclear and hydroelectric facilities. Products include advanced pulverized coal boilers, heat recovery steam generators, steam, gas, and hydro turbines and generators, substation equipment, and air quality control systems for new plants and retrofit applications. Hitachi Power Systems America is Hitachi’s Global Center of Excellence for the emissions market including flue gas desulfurization, mercury removal systems, fabric filters, and SCR technology. Services include operation and plant assessment, engineering studies, performance optimization, emissions improvement, equipment replacement and upgrades. For more information, visit us at www.hitachipowersystems.us.

About Hitachi America, Ltd.

Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., headquartered in Tarrytown, New York, and its subsidiary companies, offer a broad range of electronics, power and industrial equipment and services, automotive products and consumer electronics with operations throughout the Americas. For more information, visit www.hitachi-america.us. For information on other Hitachi Group companies in the United States, please visit www.hitachi.us.

About Solios Environnement Inc.

Solios is a worldwide process air pollution control system supplier focused in the aluminum and minerals industries. Solios has extensive experience in control of acid gas and mercury emissions with the proprietary baghouse-based All-Dry and Enhanced All-Dry scrubbing systems. Solios is a subsidiary of Fives Solios (France) with North American headquarters in Montreal since 1982. For more information about Solios, please contact: Lars Hansen, Sales Director, Minerals: lars.hansen@fivesgroup.com.

Contact

Toni Martin
Hitachi Power Systems America, Ltd.
(908) 605-2745
toni.martin@hal.hitachi.com

29 March 2012

Sponsorship Complements Hitachi’s Collaboration in Fuel System Design with Chevrolet

HARRODSBURG, KY, March 29, 2012 – Hitachi Automotive Systems America, Inc., a wholly owned subsidiary of Hitachi America, Ltd. today announced that Hitachi Automotive Systems will kick off its sponsorship and join the Team Penske IZOD IndyCar Series program for the 2012 season.

Hitachi Automotive Systems will serve as a primary sponsor on the No. 2 Team Penske Dallara/Chevrolet-powered Indy Car driven by Australian born, Ryan Briscoe this season. Hitachi will be branded at eight IndyCar Series races this season, kicking off this weekend with the first race in Birmingham, Ala., and subsequent races in Long Beach, Calif., Sao Paulo, Brazil, Detroit, Mich., Toronto, Canada, Edmonton, Canada, Qingdao, China and Sonoma, Calif. Hitachi will also serve as an associate sponsor on the No. 2 car during the balance of the IndyCar races this season.

In addition to the sponsorship, Hitachi Automotive Systems will also supply components on the new Chevy Race engine. “Hitachi Automotive has a long standing relationship with General Motors. We have worked closely to collaborate on the fuel system delivery for Chevy’s new racing engine used in the 2012 IndySeries,” said Rob Sharpe, Vice President of Sales for Hitachi Automotive Systems America, Inc. “We are also thrilled to become part of the winning Team Penske IndyCar program, our first sponsorship for the IndyCar racing program,” said Sharpe.

“Through our collaboration with Hitachi we have been able to transfer the technology and experience from production components in Chevrolet vehicles on the road today. We have taken that expertise and incorporated it into the fuel system design of the new Chevy IndyCar V-6 race engine, including the environmental benefits resulting from direct injection and the use of ethanol (E85) fuel. Learnings from the on-track performance of the direct injection fuel system technology may be incorporated into future production applications," said, Chris Berube, Chevrolet IndyCar - Program Manager.

Additionally, Hitachi’s related fuel system components will be displayed in the Chevy Consumer Interactive Technology display at several of the 2012 IndyCar race series events.

About Hitachi Automotive Systems Americas, Inc.

Hitachi Automotive Systems Americas, Inc., a subsidiary of Hitachi America, Ltd., manufactures, remanufactures and markets a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems for all major automotive original equipment manufacturers and aftermarket customers worldwide, providing leadership within Hitachi Automotive Systems’ global operations as the regional headquarters in the Americas. The company is headquartered in Harrodsburg, KY. For more information, please visit www.hitachi-automotive.us.

About Hitachi Automotive Systems, Ltd

Hitachi Automotive Systems, Ltd is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine management systems, electric power train systems, drive control systems car information systems, and providing leadership within Hitachi Automotive Systems’ global operations as the regional headquarters in the Americas For more information, please visit the company's website at http://www.hitachi-automotive.co.jp/en/.

Press Contacts

Rob Sharpe

Hitachi Automotive Systems America, Inc.

rob.sharpe@hitachi-automotive.us

248-442-6733

Lauren Raguzin

Hitachi America, Ltd.

lauren.raguzin@hal.hitachi.com

914-333-2986

30 March 2012

Tokyo, March 30, 2012 – Hitachi Ltd. (NYSE:HIT / TSE:6501, Hitachi) and Fuji Heavy Industries, Ltd. (TSE:7270, FHI) have reached a basic agreement on the assignment of FHI’s wind turbine generator system business to Hitachi. Towards the completion of assignment, which is planned for July 1, 2012, Hitachi and FHI will discuss the specific terms of the future agreement.

In recent years, environmental awareness and the rapid increase in the price of materials have been important issues in our society. The value of applying renewable energies including wind energy and solar energy are becoming increasingly apparent. Specifically in the area of wind power generation systems, further introduction and expansion in Japan is widely predicted, especially given Japan’s geography. Japan has many hills and mountains, and wind turbines can be installed even in those areas. It is also anticipated that demand for large wind turbine systems will also increase in offshore markets in the future.

Hitachi and FHI co-developed a 2,000kW level downwind type power generation system in 2003. This prototype machine was installed in Hasaki, Kamisu City, Ibaraki Pref. Japan in December 2005, followed by the delivery of a total of 25 units of wind power generation systems at 6 sites throughout the country. The downwind type turbine is a wind turbine that is installed with its rotor under the lee of the tower. It can effectively catch wind to generate power on hills and at sea. Hitachi designed and manufactured the power generator and the power control component and has also sold and installed the wind power system. FHI designed and manufactured the nacelle, blade, and tower. Hitachi and FHI have developed a strong business relationship through their cooperation and expansion of this business.

After the assignment, Hitachi will consolidate the resources of the two companies to enhance the design and development capability, and integrate the manufacturing and distribution so that it can quickly respond to future market needs. Hitachi will combine its power control technologies as well as the system linkage and stabilization technologies with FHI's downwind type turbine technologies, with the goal of expanding further into the renewable energy market.

FHI will concentrate its management resources to other divisions including the Subaru automotive business.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Fuji Heavy Industries, Ltd.

FHI, the maker of Subaru automobiles, is a leading manufacturer in Japan with a long history of technological innovations that dates back to its origin as an aircraft company. While the automotive business is a main business pillar, FHI’s Aerospace, Industrial Products and Eco Technologies divisions offer a diverse range of products from general-purpose engines, power generators, and sanitation trucks to small airplanes, crucial components for passenger aircrafts, and wind-powered electricity generating systems. Recognized internationally for its AWD (all-wheel drive) technology and Horizontally-Opposed engines in Subaru, FHI is also spearheading the development of environmentally friendly products and is committed to contributing to global environmental preservation.

Press Contacts

Hitachi, Ltd.

Akinobu Hosoda

+81-3-3258-6457

akinobu.hosoda.tm@hitachi.com

Fuji Heavy Industries, Ltd.

Masashi Uemura

+81-3-3347-2661

uemuram@ho.subaru-fhi.co.jp

30 March 2012

Tokyo, March 30, 2012 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it has decided to apply for voluntary delisting of its shares (including American Depositary Shares, or ADSs) from the New York Stock Exchange, or the NYSE, and the Fukuoka and Sapporo stock exchanges in Japan as follows.

1. Stock exchanges from which Hitachi will delist

Overseas: NYSE

Domestic: Fukuoka and Sapporo

In connection with the delisting from the NYSE, Hitachi intends to file for termination of registration of its ADSs and its reporting obligations under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), and the rules promulgated thereunder.

Hitachi intends to maintain its American Depositary Receipt program in the United States, and therefore anticipates that its ADSs will continue to be traded on the U.S. over-the-counter market. Hitachi’s shares of common stock will continue to be listed on the Tokyo, Osaka and Nagoya stock exchanges in Japan.

2. Reason for delisting

Hitachi listed its ADSs on the NYSE in April 1982 to diversify its means of capital raising, to promote trading of its shares in the United States and to raise the visibility of the Hitachi brand. Since then, Hitachi has complied with the disclosure requirements of U.S. securities laws and regulations and made efforts to enhance voluntary disclosures to assist U.S. shareholders and investors deepen their understanding of Hitachi. Meanwhile, the securities markets have significantly changed. The changes include (i) a substantial increase in trading in the Japanese stock markets by overseas investors due to internationalization of the Japanese securities markets and (ii) a substantial reduction in the gaps between U.S. and Japanese disclosure requirements and internal control over financial reporting due to a series of amendments to Japanese securities laws and regulations.

Against this backdrop, Hitachi believes that the costs and expenses associated with the continued listing on the NYSE are not economically justified, taking into account the fact that the trading volume of Hitachi’s ADSs on the NYSE accounts for only a small fraction of the total trading volume of Hitachi’s shares. Therefore, Hitachi decided to apply for voluntary delisting of its ADSs from the NYSE and for deregistration of its ADSs under the Exchange Act to eliminate the associated costs and expenses and thereby promote profitability.

Hitachi concurrently decided to apply for voluntary delisting of its shares of common stock from the Fukuoka and Sapporo stock exchanges in Japan, taking into account the fact that the trading volume of Hitachi’s shares on these exchanges is remarkably low.

3. Schedule

Hitachi plans to file its application with the NYSE in mid-April 2012 and expects to complete, in principle, the delisting ten days after its filing of the application. Concurrently with the delisting, Hitachi also plans to file for termination of registration of its ADSs and its reporting obligations under the Exchange Act.

Hitachi plans to file its applications with the Fukuoka and Sapporo stock exchanges immediately. After acceptance of the application by the stock exchanges, the delisting is expected to take effect, in principle, about one month after the date Hitachi’s shares are designated as securities to be delisted.

4. Continuous efforts to maintain and enhance disclosure for investors

Hitachi will continue to disclose financial statements, annual reports and other material documents in English on its website and hold various meetings to brief shareholders and investors in Japan and overseas on its business strategies to ensure that such shareholders and investors will continue to have appropriate information about Hitachi, irrespective of the delisting from the NYSE. Hitachi will also continue to prepare its consolidated financial statements in accordance with generally accepted accounting principles in the United States.

5. Contact information for inquiries regarding Hitachi’s ADSs

Citibank Shareholder Services

Tel: U.S.A 1-877-248-4237 (toll free)

International +1-781-575-4555

E-mail: citibank@shareholders-online.com

Shareholder Service Representatives are available Monday through Friday, from 8:30 a.m. to 6:00 p.m. Eastern Time in the United States.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Press Contacts

Japan

Masanao Sato

Hitachi, Ltd.

+81-3-5208-9324

masanao.sato.sz@hitachi.com

U.S.

Mickey Takeuchi

Hitachi America, Ltd.

+1-914-333-2987

masayuki.takeuchi@hal.hitachi.com

5 April 2012

Tokyo, April 5, 2012 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced the delisting schedule from the New York Stock Exchange, or the NYSE, notifying to the NYSE on April 5, 2012 (Eastern Standard Time in the U.S.) applying for voluntary delisting of its American Depositary Shares, or ADSs, in connection with its announcement on March 30, 2012 relating to its intention of delisting from the NYSE.

1. Delisting schedule (Eastern Standard Time in the U.S.)

April 5, 2012 (Thu.) Notice to the NYSE applying for voluntary delisting

April 16, 2012 (Mon.) Submission of a Form 25 for delisting from the NYSE

April 27, 2012 (Fri.) Effective date of delisting from the NYSE

Concurrently with the delisting, Hitachi plans to submit a Form 15F to the U.S. Securities and Exchange Commission for termination of registration of its ADSs and its reporting obligations under the Securities and Exchange Act of 1934, as amended, and the rules promulgated thereunder.

2. Maintaining a sponsored ADR program

Hitachi intends to maintain its American Depositary Receipt program in the United States, and therefore anticipates that its ADSs will continue to be traded on the U.S. over-the-counter market.

3. Stock Exchanges on which Hitachi will maintain its listing

Tokyo, Osaka and Nagoya

(Hitachi plans to delist its shares from Fukuoka and Sapporo.)

4. Contact information for inquiries regarding Hitachi’s ADSs

Citibank Shareholder Services

Tel: U.S.A. 1-877-248-4237 (toll free)

International +1-781-575-4555

E-mail: citibank@shareholders-online.com

Shareholder Service Representatives are available Monday through Friday, from 8:30 a.m. to 6:00 p.m. (Eastern Standard Time in the U.S.).

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Press Contacts

Japan

Masanao Sato

Hitachi, Ltd.

+81-3-5208-9324

masanao.sato.sz@hitachi.com

U.S.

Mickey Takeuchi

Hitachi America, Ltd.

+1-914-333-2987

masayuki.takeuchi@hal.hitachi.com

24 April 2012

Tokyo, April 24, 2012 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced director candidates in accordance with a decision taken at a meeting of Nominating Committee convened today, subject to approval at Hitachi’s Ordinary General Meeting of Shareholders in June 2012.

Hitachi has worked actively over the years to strengthen its corporate governance. For instance, it adopted the Committees System under Japanese law in 2003, with the aim of creating a framework for quick business operation, by demarcating responsibilities for management oversight and those for the execution of business operations, while making management highly transparent. In selecting directorship candidates for this year, Hitachi has decided to increase the number of outside directors, including non-Japanese, to make outside directors the majority on the Board of Directors. Hitachi has made this move in order to better reflect various global viewpoints in management to drive further growth on a global basis, centered on the Social Innovation Business, as well as to further strengthen management oversight.

Specifically, Hitachi is proposing to increase the number of outside directors from four to seven, by nominating three people, including two non-Japanese, as outside director candidates. Furthermore, the number of directors appointed from within Hitachi will be reduced from eight to six, and the number of directors serving concurrently as executive officers will be reduced from two to one. With these changes in the Board composition, Hitachi aims to promote management with an enhanced global outlook and to ensure rigorous demarcation of management supervision and execution, thereby reinforcing a framework for even quicker business operation and improved management oversight.

1. Director Candidates <Proposed at Hitachi’s Ordinary General Meeting of Shareholders in June 2012> [* New]

<Chairman of the Board>

Takashi Kawamura, currently Chairman of the Board

<Outside Director>

Yoshie Ota, currently Outside Director

Mitsuo Ohashi, currently Outside Director, Advisor of Showa Denko K.K.

Nobuo Katsumata, currently Outside Director, Chairman of the Board of Marubeni Corporation

*George Buckley, currently Executive Chairman of the Board of 3M Company (USA)

*Harufumi Mochizuki, currently Senior Adviser to the Board of Nippon Life Insurance Company

Tohru Motobayashi, currently Outside Director, Attorney at law

*Philip Yeo, currently Chairman of SPRING (Standards, Productivity and Innovation Board) Singapore

<Director>

*Michijiro Kikawa, currently Director of Hitachi Construction Machinery Co., Ltd.

Stephen Gomersall, currently Director, Chairman of the Board of Hitachi Europe Ltd.

Hiroaki Nakanishi, currently Director, Representative Executive Officer and President

Takashi Hatchoji, currently Director, Chairman of the Board of Hitachi America, Ltd.

Takashi Miyoshi, currently Director

Note: Directors are listed in Japanese alphabetical order within each grouping.

2. Resigning Directors

Isao Ono, currently Director, Chairman Emeritus of Hitachi Solutions, Ltd.

Tadamichi Sakiyama, currently Director

Masaharu Sumikawa, currently Director, Chairman of the Board of Hitachi Plant Technologies, Ltd.

3. Biography of New Director Candidates

George Buckley

Harufumi Mochizuki

Philip Yeo

Michijiro Kikawa

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Press Contacts

Japan

Atsushi Konno

Hitachi, Ltd.

+81-3-5208-9324

atsushi.konno.gs@hitachi.com

U.S.

Mickey Takeuchi

Hitachi America, Ltd.

+1-914-333-2987

masayuki.takeuchi@hal.hitachi.com

27 April 2012

Tokyo, April 27, 2012 --- Hitachi, Ltd. (TSE:6501) today announced that the delisting of its American Depositary Shares, or ADSs, from the New York Stock Exchange, or the NYSE, became effective prior to the opening of trading on April 27, 2012 (Eastern Standard Time in the U.S.), following the submission on April 16, 2012 of a Form 25 for delisting from the NYSE as announced on April 5, 2012.

1. Effective date of delisting

April 27, 2012 (Fri.) (Eastern Standard Time in the U.S.)

Hitachi continues to maintain its American Depositary Receipt program in the United States. Its ADSs can be traded on the U.S. over-the-counter market from the opening of trading on April 27, 2012 (Eastern Standard Time in the U.S.).

2. Deregistration of ADSs

Concurrently with the delisting from the NYSE, on April 27, 2012, Hitachi submitted a Form 15F to the U.S. Securities and Exchange Commission, or the SEC to terminate Hitachi’s registration and reporting obligations under the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the rules promulgated thereunder. Hitachi anticipates that its registration and reporting obligations under the Exchange Act will terminate on July 26, 2012, 90 days after the submission of Form 15F.

3. Continuous efforts to maintain and enhance disclosure for investors

Hitachi will continue to disclose financial statements, annual reports and other material documents in English on its website and hold various meetings to brief shareholders and investors in Japan and overseas on its business strategies to ensure that such shareholders and investors will continue to have appropriate information about Hitachi, irrespective of the delisting from the NYSE. Hitachi will also continue to prepare its consolidated financial statements in accordance with generally accepted accounting principles in the United States.

4. Contact information for inquiries regarding Hitachi’s ADSs

Citibank Shareholder Services

Tel:

U.S.A. 1-877-248-4237 (toll free)

International +1-781-575-4555

E-mail: citibank@shareholders-online.com

Shareholder Service Representatives are available Monday through Friday, from 8:30 a.m. to 6:00 p.m. (Eastern Standard Time in the U.S.).

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Press Contacts

Japan

Atsushi Konno

Hitachi, Ltd.

+81-3-5208-9324

atsushi.konno.gs@hitachi.com

U.S.

Mickey Takeuchi

Hitachi America, Ltd.

+1-914-333-2987

masayuki.takeuchi@hal.hitachi.com

13 September 2012

Tokyo, September 13, 2012 --- Hitachi, Ltd. (TSE:6501) today announced that the Board of Directors decided on a plan for the interim dividend for the fiscal year ending March 31, 2013. The record date for the interim dividend is September 30, 2012. The interim dividend is scheduled to be finally authorized by the Board of Directors in October this year.

1. Reasons

The forecast of interim dividend for the fiscal year ending March 31, 2013 had not been decided. However, after taking into consideration our business performance and other factors based on Hitachi’s basic policy for dividends, the Board decided on the interim dividend forecast. Consequently, Hitachi plans to pay an interim dividend of 5 yen per share. The forecast of year-end dividend for the fiscal year ending March 31, 2013 has not been decided.

2. Details

3. Effective Date of Interim Dividend (Plan)

November 27, 2012

Cautionary Statement

Certain statements found in this document may constitute “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking statements” reflect management’s current views with respect to certain future events and financial performance and include any statement that does not directly relate to any historical or current fact. Words such as “anticipate,” “believe,” “expect,” “estimate,” “forecast,” “intend,” “plan,” “project” and similar expressions which indicate future events and trends may identify “forward-looking statements.” Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or implied in the “forward-looking statements” and from historical trends. Certain “forward-looking statements” are based upon current assumptions of future events which may not prove to be accurate. Undue reliance should not be placed on “forward-looking statements,” as such statements speak only as of the date of this document.

Factors that could cause actual results to differ materially from those projected or implied in any “forward-looking statement” and from historical trends include, but are not limited to:

• economic conditions, including consumer spending and plant and equipment investment in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors Hitachi serves, including, without limitation, the information, electronics, auto motive, construction and financial sectors;
• exchange rate fluctuations of the yen against other currencies in which Hitachi makes significant sales or in which Hitachi’s assets and liabilities are denominated, particularly against the U.S. dollar and the euro;
• uncertainty as to Hitachi’s ability to access, or access on favorable terms, liquidity or long-term financing;
• uncertainty as to general market price levels for equity securities, declines in which may require Hitachi to write down equity securities that it holds;
• the potential for significant losses on Hitachi’s investments in equity method affiliates;
• increased commoditization of information technology products and digital media-related products and intensifying price competition for such products, particularly in the Digital Media & Consumer Products segments;
• uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technologies on a timely and cost-effective basis and to achieve market acceptance for such products;
• rapid technological innovation;
• the possibility of cost fluctuations during the lifetime of, or cancellation of, long-term contracts for which Hitachi uses the percentage-of-completion method to recognize revenue from sales;
• fluctuations in the price of raw materials including, without limitation, petroleum and other materials, such as copper, steel, aluminum, synthetic resins, rare metals and rare-earth minerals, or shortages of materials, parts and components;
• fluctuations in product demand and industry capacity;
• uncertainty as to Hitachi’s ability to implement measures to reduce the potential negative impact of fluctuations in product demand, exchange rates and/or price of raw materials or shortages of materials, parts and components;
• uncertainty as to Hitachi’s ability to achieve the anticipated benefits of its strategy to strengthen its Social Innovation Business;
• uncertainty as to the success of restructuring efforts to improve management efficiency by divesting or otherwise exiting underperforming businesses and to strengthen competitiveness;
• uncertainty as to the success of cost reduction measures;
• general socioeconomic and political conditions and the regulatory and trade environment of countries where Hitachi conducts business, particularly Japan, Asia, the United States and Europe, including, without limitation, direct or indirect restrictions by other nations on imports and differences in commercial and business customs including, without limitation, contract terms and conditions and labor relations;
• uncertainty as to the success of alliances upon which Hitachi depends, some of which Hitachi may not control, with other corporations in the design and development of certain key products;
• uncertainty as to Hitachi’s access to, or ability to protect, certain intellectual property rights, particularly those related to electronics and data processing technologies;
• uncertainty as to the outcome of litigation, regulatory investigations and other legal proceedings of which the Company, its subsidiaries or its equity method affiliates have become or may become parties;
• the possibility of incurring expenses resulting from any defects in products or services of Hitachi;
• the possibility of disruption of Hitachi’s operations by earthquakes, tsunamis or other natural disasters;
• uncertainty as to Hitachi’s ability to maintain the integrity of its information systems, as well as Hitachi’s ability to protect its confidential information or that of its customers;
• uncertainty as to the accuracy of key assumptions Hitachi uses to evaluate its significant employee benefit-related costs; and
• uncertainty as to Hitachi’s ability to attract and retain skilled personnel.

The factors listed above are not all-inclusive and are in addition to other factors contained in other materials published by Hitachi.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 320,000 employees worldwide. Fiscal 2011 (ended March 31, 2012) consolidated revenues totalled 9,665 billion yen ($117.8 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, industrial, transportation and urban development systems, as well as the sophisticated materials and key devices that support them.

For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Press Contacts

Japan

Atsushi Konno
Hitachi, Ltd.
+81-3-5208-9324
atsushi.konno.gs@hitachi.com

U.S.

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

30 October 2012

29 November 2012

Tokyo, November 29, 2012 --- Mitsubishi Heavy Industries, Ltd. (TSE: 7011, “MHI”) and Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that the two companies have reached a basic agreement, through the resolution of the board of directors of both companies, on integrating businesses in fields centered on thermal power generation systems and jointly managing these operations.

The two companies plan to integrate this business by consolidating their respective operations centered on thermal power generation systems within a joint venture company by January 1, 2014. MHI and Hitachi will take equity interests of 65% and 35%, respectively, in the joint venture company.

The global market has continued to expand, driven by the growth engines of China and other emerging countries. Heightened environmental awareness around the world has presented a major opportunity for MHI and Hitachi to expand businesses where they both excel—businesses that solve global energy and environmental issues at the same time. These sources of buoyant demand require that companies respond in detail based on highly advanced technologies, quality and reliability, unfettered by the traditional frameworks of companies. In this regard, they must be able to harness engineering capabilities as well as sales and service capabilities closely tied to each region.

MHI and Hitachi share the same corporate credo of “Contribute to society through the development of superior, original technologies and products.” Over the years, the two companies have established partnerships harnessing their technical skills and expertise in a variety of fields. Examples include an alliance and subsequent establishment of a joint venture in the steel production machinery field; the collaboration in the overseas railway systems business; and the integration of the hydroelectric power generation system business. Another example has been joint support for the Fukushima Daiichi Nuclear Power Station of Tokyo Electric Power Company.

Based on the extensive partnership, the two companies have reached a basic agreement on business integration to address buoyant global demand for thermal power generation systems by harnessing superior technical skills, quality and reliability, with the aim of prevailing against intensifying global competition. The two companies aim to expand this business by swiftly reaping integration benefits. This will be done by consolidating their respective businesses centered on thermal power generation systems within a joint venture company by January 1, 2014. MHI and Hitachi will take equity interests of 65% and 35%, respectively, in the joint venture company. Furthermore, the integration process will see the two companies rapidly co-organize an Integration Preparation Committee, with the view to cooperating on promoting the work needed to achieve the integration.

In the thermal power generation field, the two companies both have expansive product lineups. For example, in gas turbines, MHI has focused on highly efficient large models in recent years. Meanwhile, Hitachi sees its mainstay products as small and medium-sized models. Regionally, MHI has strengths mainly in Southeast Asia and the Middle East, while Hitachi has harnessed its strengths in markets such as Europe and Africa. The two partners will strive to leverage the complementary strengths of both companies. Moreover, the two companies will further enhance their ability to address customer needs and provide services by taking advantage of their respective strengths in providing total solutions across all aspects of thermal power plants.

Through this agreement, MHI and Hitachi will develop a stable and efficient management base for the new company, while accelerating global business expansion by pursuing synergies through business integration. At the same time, the two companies will make the most of their collective capabilities, along with synergies and complementary strengths in technologies and product businesses. In this process, both companies aim to establish a leading global company in the thermal power generation systems field.

Further details, including an outline of the new company, will be announced as soon as they are determined.

Press Contacts

Mitsubishi Heavy Industries, Ltd.

Tel: +81-3-6716-2168 (Direct)

Hitachi, Ltd.

Tel: +81-3-5208-9324 (Direct)

Appendix

Overview of the business integration

(1) Scope of the business integration

The combined sales of both companies related businesses of the most recent fiscal year is approximately 1,100 billion yen. Businesses to be integrated are as follows.

Thermal power generation system businesses (gas turbines, steam turbines, boilers, generators, etc.)

Geothermal power system business

Environmental equipment

Fuel cells business

Other related business

Certain subsidiaries and equity method affiliates engaging in these businesses will be subject to the integration.

(2) Measure of integration

Businesses subject to the integration will be transferred to a joint venture company by way of company split and other method. Details of the integration will be determined after the consultation between MHI and Hitachi by the execution of the final agreement on the integration.

(3) Overview of the parties of the integration

(4) Overview of the joint venture company

MHI and Hitachi will have equity interests of 65% and 35%, respectively, in the joint venture company. Calculation of the equity interest ratio will be examined through the planned due diligence, etc. Other details of the joint venture company will be announced as soon as determined.

(5) Schedule

November 29, 2012 Execution of basic agreement

Late April, 2013 (Tentative) Execution of final agreement

January 1, 2014 (Tentative) Closing

The business reorganization relating to the integration may be subject to the approval by the shareholders meeting of the MHI. In such case, MHI board will propose necessary items to its annual shareholders meeting to be held in late June, 2013.

3. Outlook

The impact of the business integration on the business results of MHI and Hitachi will be announced when it becomes clear.