Hitachi Data Systems COO to Speak at Banc of America Securities' Technology 2002 Conference

SANTA CLARA, California, January 25, 2002 — Hitachi Data Systems, a wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced that its Chief Operating Officer, Dave Roberson, will speak at the Banc of America Securities' Technology 2002 Conference, on Monday, January 28, 2002 at the Ritz-Carlton, San Francisco.

Dave Roberson will join top executives from more than 150 leading technology companies as they gather with analysts and investors to discuss new ideas and opportunities in a broad spectrum of sectors. The conference, hosted by Banc of America Securities' Research Team, will also feature speakers from a number of Hitachi Data Systems' key partners, including Sun Microsystems, Inc. and Hewlett-Packard Company.

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.