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| December 28, 2005 |
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| Dr. Kanai, Hitachi's Chairman Emeritus (and Former Chairman of the Board), to Receive Honorary Citizen Award from Singaporean Government |
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Singapore, December 28, 2005 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that Dr. Tsutomu Kanai, the Chairman Emeritus and former Chairman of the Board of Hitachi, Ltd., has been chosen to receive the Republic of Singapore's "Honorary Citizen Award". Established in 2003, this is the highest award conferred on foreigners by the Singaporean government in recognition of extensive and valuable services rendered to Singapore. Four key figures have received this award to date, Dr. Kanai being the first from Asia.
The privileges bestowed upon an Honorary Citizen, and his or her family, include the right to live, work and purchase a home in Singapore. Up to now, Dr. Kanai has promoted Hitachi's business growth in Singapore and, as a member of the Singapore Economic Development Board's International Advisory Council from January, 1995 to September, 1999, contributed to Singapore's economic development.
The Hitachi group has a history of over 30 years of relations with Singapore since launching its first business there in the early 1970's. Our 8,000 employees working in 38 locations in the country, including the headquarters of Hitachi Asia, are developing a wide range of businesses, including trains for the Sentosa monorail, escalators and elevators for Changi International Airport's terminals, hard disk drives, electronic components, consumer electronics, inspection systems, and research and development.
| Comments by Dr. Kanai, Chairman Emeritus |
| "Hitachi has positioned Singapore as one of the strategic regional centers for our Southeast Asian operations. Therefore, I am delighted to know that our efforts have been recognized, and appreciated. I am full of gratitude to the Singapore Government for the Award." |
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| About Hitachi, Ltd. |
| Hitachi, Ltd., (NYSE: HIT/ TSE: 6501), 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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