HItachi Tenders Shares of Hitachi Chemical
Tokyo, Japan, 18 December, 2019

HItachi Tenders Shares of Hitachi Chemical

Corporate News

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.

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