Notification of Change of Subsidiary (Transfer of Shares)

Tokyo, Japan, May 13, 2016 --- Hitachi, Ltd. (TSE:6501; “Hitachi”) today announced that it has executed an agreement regarding the transfer of common stocks of Hitachi Capital Corporation (President & CEO: Seiji Kawabe, “Hitachi Capital”), a consolidated subsidiary of Hitachi. Based on this agreement, a part of shares of Hitachi Capital common stocks owned by Hitachi will be transferred to Mitsubishi UFJ Financial Group, Inc. (President & Group CEO: Nobuyuki Hirano; “MUFG”) and Mitsubishi UFJ Lease & Finance Co., Ltd. (President & CEO: Tadashi Shiraishi; “Mitsubishi UFJ Lease”).

As a result of this transfer of shares, Hitachi’s ownership ratio of voting rights for Hitachi Capital will be 33.4%, and Hitachi Capital will cease to be Hitachi’s consolidated subsidiary and will be accounted as its equity-method associate.