Hitachi Metals, Ltd. and Hitachi Cable, Ltd. Conclude a Basic Agreement on Business Integration

We hereby announce that Hitachi Metals, Ltd. (head office: Minato-ku, Tokyo, President and Chief Executive Officer: Hiroyuki Fujii; hereafter, “Hitachi Metals”), and Hitachi Cable, Ltd. (head office: Chiyoda-ku, Tokyo, President and Chief Executive Officer: Hideaki Takahashi; hereafter, “Hitachi Cable”), concluded a basic agreement today to integrate their businesses through a merger.

Going forward, we will be engaging in detailed investigations and consultations with the aim of concluding a merger agreement in early January 2013 and implementing the business integration on April 1 of the same year.