Tokyo, December 26, 2011 --- As announced on July 29, 2011, Hitachi, Ltd. (“Hitachi”, NYSE: HIT / TSE: 6501), Fuji Electric Co., Ltd. (“Fuji Electric”, TSE: 6504) and Meidensha Corporation (“Meiden”, TSE: 6508) agreed to begin concrete discussions toward the dissolution of their joint venture in the power transmission and distribution (“T&D”) field.*1 Furthermore, as announced on September 29, 2011, the three companies, reached a basic agreement on this matter.*2 Today, the parties reached the following final agreement (“Final Agreement”).

*1 Please refer to the press release “Hitachi, Fuji Electric and Meiden Begin Discussions toward Dissolving a T & D Joint Venture” dated July 29, 2011.
*2 Please refer to the press release “Hitachi, Fuji Electric and Meiden Reach Basic Agreement on Dissolving T&D Joint Venture (Progress Report)” dated September 29, 2011.

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