Hitachi, Fuji Electric and Meiden Begin Discussions toward Dissolving a T & D Joint Venture

Joint venture to be dissolved for a better organization, allowing each company to rebuild the T & D business to rapidly meet the dynamic change of market landscape

Tokyo, July 29, 2011 --- Hitachi, Ltd. (“Hitachi”, NYSE:HIT / TSE:6501), Fuji Electric Co., Ltd. (“Fuji Electric”, TSE:6504) and Meidensha Corporation (“Meiden”, TSE:6508) today announced that they have agreed to discuss to dissolve Japan AE Power Systems Corporation (“AEP”), their joint venture in the power transmission and distribution (“T & D”) field for seeking a better organization for the parties, by the end of March 2012.