Tokyo, Japan, September 21, 2001 - Hitachi, Ltd. (TSE: 6501) today announced that The Hitachi Group of North America is donating $1 million to the American Red Cross in support of recovery work and victim relief activities in the aftermath of the terrorist attacks of September 11. In addition to the financial support, Hitachi technology and equipment is being employed in several aspects of the relief effort. Hitachi is contributing DNA gene sequencing technology, which is being employed by medical officials in New York City to assist in the task of identification. Hitachi also has donated demolition hammers and heavy duty metal cutting hardware that are being used in the recovery operation.

Employees of Hitachi America, Ltd. and other members of the Hitachi Group in North America have been engaged in a number of related volunteer activities, including the giving of blood and individual donations.

In addition, The Hitachi Foundation, which is based in Washington, D.C., has made a victim-relief donation of $50,000 to the American Red Cross.

Hitachi wishes to express its deepest sympathies to those people affected by the attacks, including the families of the victims and to the American people. We also wish to pay tribute to all those involved in the recovery work, and for those who survived the attacks, we pray for a swift healing and return to a normal life.

Hitachi America, Ltd., a subsidiary of Hitachi, Ltd. (NYSE: HIT), markets and manufactures a broad range of electronics, computer systems and products, consumer electronics and semiconductors, and provides industrial equipment and services throughout North America. For more information, visit http://www.hitachi.com.

Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 2000 (ended March 31, 2001) consolidated sales of 8,417 billion yen ($67.9 billion*). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://global.hitachi.com.