Hitachi Data Systems Executives to Speak at RBC Capital Markets' 5th Annual Systems Area Networks Conference

SANTA CLARA, California, January 9, 2002 — Hitachi Data Systems, a wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced that two of its top executives, Dave Roberson and Hu Yoshida, will be featured speakers at RBC Capital Markets' 5th Annual System Area Networks Conference, January 10, 2002 at The Plaza Hotel, Fifth Avenue, New York City.

Dave Roberson, COO, Hitachi Data Systems, will join top executives from the world's leading companies in offering his unique viewpoint on emerging technologies and trends in the system networking industry to an anticipated audience of more than 450 institutional portfolio managers, analysts, and venture capitalists.

Hu Yoshida, CTO, Hitachi Data Systems, will participate in a special panel entitled, "System Area Networks - The Future," along with top executives from VERITAS™, Network Appliance®, Sequoia Capital and IDC. The panel will explore the key issues impacting the industry, such as drivers of growth, future paths to scalability, emerging technologies, and alternative protocols.

The agenda for the RBC Capital Markets' 5th Annual System Area Networks Conference also features a number of Hitachi Data Systems' key partners, including Brocade®, CNT®, Emulex, INRANGE, McData, StorageTek, and VERITAS.

Hitachi Data Systems is a leading supplier of storage hardware, software, solutions and services. As a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), Japan's largest electronics company, HDS is committed to providing the technological infrastructure for the world's most information-intensive corporations. With 2,600 employees, Hitachi Data Systems does business in the public and private sectors in 170 countries and regions on six continents, including the rapidly emerging economies in Southeast Asia and Eastern Europe. Its customers include more than 50 percent of Fortune 100 companies, and all of the major Storage Service Providers (SSPs). For more information, please visit the HDS Web site at www.hds.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 www.global.hitachi.com.

Contacts: PR

Steven Zivanic, Analyst Relations, Hitachi Data Systems, (408) 970-7971, stevenz@hds.com

*At an exchange rate of 124 yen to the dollar.

Hitachi Data Systems is registered with the U.S. Patent and Trademark Office as a trademark and service mark of Hitachi, Ltd. Freedom Storage and Thunder 9200 are trademarks of Hitachi Data Systems.