Corporate Press Releases - Hitachi Data Systems

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Hitachi Data Systems Executive Christine Wallis to Speak at Bear Stearns 15th Annual Technology Conference

New York City, New York, June 14, 2004— WHO: Christine Wallis, Senior Vice President, Global Strategy and Planning

WHAT: On the first day of the conference, Ms. Wallis will be presenting an overview of storage market trends and drivers, upcoming HDS technologies and the company's most recent financial results. A question and answer session will follow her prepared remarks.

VENUE:The Bear Stearns 15th Annual Technology Conference will feature over 170 leading companies in the areas of data storage, electronics manufacturing services (EMS), enterprise software, IT hardware, semiconductor devices and equipment, and telecom equipment.

WHEN: Monday, June 14, 2004 at 11:30 — 11:55 am

WHERE:Grand Hyatt Hotel New York

Grand Central Station

New York City, NY

About Bear Stearns
Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $40.0 billion in total capital, Bear Stearns serves governments, corporations, institutions and individual worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at http://www.bearstearns.com.

About Hitachi Data Systems
Hitachi Data Systems leverages global R&D resources to develop storage solutions built on industry-leading technology with the performance, availability and scalability to maximize customers' ROI and minimize their risk. By focusing on the customer's perspective as we apply the best hardware, software, and services from Hitachi and our partners, we uniquely satisfy our customers' business needs.

With 2,800 employees, Hitachi Data Systems conducts business through direct and indirect channels in the public, government and private sectors in over 170 countries and regions. Its customers include more than 50 percent of Fortune 100 companies. For more information, please visit our Web site at www.hds.com.

About Hitachi, Ltd.
Hitachi, Ltd. (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 Web site at http://www.hitachi.com.

Contacts:

Quinn Daly, Blanc and Otus Public Relations, (415) 856-5152, qdaly@blancandotus.com

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