Notification of Change of Subsidiary (Transfer of Shares)
TOKYO, Japan, 13 May, 2016

Notification of Change of Subsidiary (Transfer of Shares)

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.

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