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The Hitachi Group Donates $1 Million To American Red Cross Disaster Relief Fund

Hitachi Kokusai Electric America Ltd.

WOODBURY, New York, October 1, 2001 - In an effort to aid the victims and their families affected by the disastrous events of September 11th, the Hitachi Group of Companies in North America has announced its donation of $1 million to the American Red Cross Disaster Relief Fund. The Hitachi Foundation, a nonprofit, philanthropic organization in Washington, DC, has donated $50,000 to the American Red Cross as well.

In a letter to Red Cross President and CEO Dr. Bernadine Healy, Hitachi America Ltd. President and CEO Yoshihiro Koshimizu writes: "It is with a deep sense of community commitment and great concern for our fellow citizens that I pledge $1 million to the American Red Cross Disaster Relief Fund. The work that is underway by many organizations and represented by the Red Cross and other volunteer agencies is an awe-inspiring tribute to the human spirit. Speaking on behalf of our many companies and employees here in North America, we are proud to take part in this important effort and know that the work of the Red Cross is making a significant different in helping all those affected by the recent tragic events. We appreciate the chance to contribute to making lives better for affected families and survivors. You have our heartfelt thanks for your humanity and dedication."

Hitachi has also donated demolition hammers and heavy-duty metal cutting hardware, and expedited delivery of additional excavating machines and accessories used in the recovery effort.

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 Denshi America, Ltd. designs, markets video cameras for the broadcast television, cable, video production, and industrial markets. For more information, please call (516) 921-7200 or contact Hitachi's web site at www.hdal.com. Full versions of all press releases and product images are posted on the web site under the corporate banner's pressroom section.


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