Notification of Tender of Shares of Subsidiary in Tender Offer, and Recognition of Extraordinary Gain on Unconsolidated Basis and Other Income on Consolidated Basis

Tokyo, December 18, 2019 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that it has executed a tender offer agreement (the “Agreement”) with Showa Denko K.K. (TSE: 4004, “Showa Denko”) and HC Holdings K.K. (the “Offeror”), a whollyowned subsidiary of Showa Denko, under which Hitachi agrees to tender all shares of common stock in Hitachi Chemical Company, Ltd. (TSE: 4217, “Hitachi Chemical”) held by Hitachi, in response to a tender offer (the “Tender Offer”) to be carried out by the Offeror for the shares of common stock of Hitachi Chemical, a consolidated subsidiary of Hitachi.