Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.

September 21, 2004

Issuance of Euro Yen Zero Coupon Convertible Bonds due 2009

Issuance of Euro Yen Zero Coupon Convertible Bonds due 2009 (PDF Type, 54 kByte)

About Hitachi Ltd.

Hitachi, Ltd. (TSE: 6501 / NYSE:HIT), headquartered in Tokyo, Japan, is a leading global electronics company, with approximately 326,000 employees worldwide. Fiscal 2003 (ended March 31, 2004) consolidated sales totaled 8,632.4 billion yen ($81.4 billion). The company offers a wide range of systems, products and services in market sectors, including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.