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| August 30, 2005 |
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| Hitachi Announces Policy for Shares of Elpida Memory |
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Tokyo, August 30, 2005---- Hitachi, Ltd. (TSE:6501/ NYSE:HIT) today announced its decision to sell shares of Elpida Memory, Inc.(TSE:6665) .
 1. Sales of shares:
| (1) |
Number of shares to be sold |
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4,000,000 shares owned by Hitachi.
Following the sales, Hitachi will own 18,999,980 shares, which represent 19.70 % of the issued and outstanding shares of Elpida Memory. |
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| (2) |
Aggregate proceeds of the sale |
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To be determined |
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| (3) |
Method of the sale |
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Block trade to a securities firm |
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| (4) |
Period of the sale |
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By September 30, 2005 |
2. The relationship between Elpida Memory and Hitachi
Although Elpida Memory will be no longer an equity-method affiliate of Hitachi as a result of the sale, the two companies will maintain a relationship as business partners.
This material is not
an offer for sale of the securities in the
United States. The securities have not been
registered under the U.S. Securities Act
of 1933, as amended (the "Securities Act")
and may not be sold in the United States
absent registration or an exemption from
registration under the Securities Act. Any
public offering of securities to be made
in the United States will be made by means
of a prospectus. We are not currently conducting
a public offering of securities in the Unites
States.
| About Hitachi, Ltd. |
| Hitachi, Ltd., (TSE:6501/NYSE: HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's Website at http://www.hitachi.com. |
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| Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice. |
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