OREANDA-NEWS. Hitachi, Ltd. on June 28, 2013 announced that it had decided to transfer its construction business for power plants, transportation systems and industrial plants (“businesses to be transferred”) and integrate them in Hitachi Plant Engineering & Services, Ltd. through a company split on October 1, 2013, with the aim of strengthening and expanding the infrastructure systems business.

Today, Hitachi concluded an absorption - type company split agreement. Having signed this agreement, Hitachi has also announced matters that were undecided in the press release issued on June 28, 2013, as follows. Changes to that press release are underlined.

Hitachi Plant Engineering & Services will allot one share of common stock to Hitachi on October 1, 2013.

Handling of Stock Acquisition Rights and Bonds with Stock Acquisition Rights Accompanying the Company Split Hitachi has no outstanding stock acquisition rights or bonds with stock acquisition rights

The company split will result in no change in capitalization of Hitachi. Hitachi Plant Engineering & Services will succeed to assets, claims and obligations, contractual status and intellectual property of Hitachi relating only to the businesses to be transferred.

Furthermore, the statuses under contract of labor agreements with employees of Hitachi engaging in the businesses to be transferred and the rights and obligations based on these agreements will not be transferred to Hitachi Plant Engineering & Services due to the company split.

The employees will remain in the employment of Hitachi, and Hitachi will loan them out to Hitachi Plant Engineering & Services, which will engage the employees in the businesses to be transferred.

Obligations of Hitachi Plant Engineering & Services becoming due after the effective date of the company split are anticipated to be duly performed.

Business of the Business to Be Split Construction and construction engineering for power plants, transportation systems and industrial plants as well as design, manufacturing and construction for dust collection systems.

Business Results of Business to Be Split (Unconsolidated) Revenues: 79,140 million yen (Year ended March 31, 2013).