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                      May 9, 2003
                      Hitachi, Ltd.
                      Hitachi-LG Data Storage, Inc.
                      Matsushita Electric Industrial Co., Ltd.
                      Pioneer Corporation
                      Toshiba Corporation
                      DVD Recordable Special Interest Group Welcomes Microsoft's Announcement of Support for all Major DVD Recordable Formats Standardized by the DVD Forum
                      May 9, 2003, Tokyo, Japan: Hitachi, Ltd., Hitachi-LG Data Storage, Inc., Matsushita Electric Industrial Co., Ltd., Pioneer Corporation and Toshiba Corporation, members of the DVD Forum, welcome the May 8 announcement by Microsoft Corporation that it plans to provide native support for all major recordable formats including DVD-RAM, DVD-R and DVD-RW in the next version of the Windows operating system.

                      With this announcement, all major DVD recordable formats standardized by the DVD Forum will receive native support from Windows, along with DVD-RAM, which is currently supported. This move will provide users of PCs with greater usability of DVD recordable products and higher compatibility between PC and AV products.

                      DVD-R and DVD-RW, which will be newly supported by Windows, will easily be able to record and replay pictures, music and general PC data without any need for third party software. They will also enjoy the same "drag and drop" data handling capability as DVD-RAM, which supports their ease of use as back-up media or as media for data exchanges.

                      The five companies will continue to introduce PC and digital AV products based on the Forum's DVD standards and seek to further promote the popularity of DVD recordable products in the market.

                      DVD Recordable Special Interest Group
                      The five companies, all fully involved in DVD recordable products, jointly exhibited as the "DVD Recordable Special Interest Group" at WinHEC 2003, Microsoft's annual hardware engineering conference for Windows, held this year in New Orleans, Louisiana, from May 6 to May 8.

                      The DVD Forum
                      The DVD Forum is a global organization that establishes and promotes DVD standards. As of March 18, 2003, its membership comprised 215 electronics manufacturers, software houses, recording media manufacturers, and other companies from around the world. Of these companies, 17 are steering committee members that oversee the management of DVD Forum activities. Hitachi, Ltd., Matsushita Electric Industrial Co., Ltd., Pioneer Corporation and Toshiba Corporation are steering committee members.

                      For further information, please contact:

                      Hitachi, Ltd.
                        Ubiquitous Platform Systems
                        e-mail: koho-ub@itg.hitachi.co.jp

                       (In the United States)
                        Hitachi America, Ltd.
                        Corporate Communications Group
                        e-mail: gerard.corbett@hal.hitachi.com

                      Hitachi-LG Data Storage, Inc.
                        Consolidated Management Team
                        e-mail: pubinfo@hlds.co.jp

                      Matsushita Electric Industrial Co., Ltd.
                        Akira Kadota / Wilson Solano
                        International PR, Tokyo
                        Tel: +81 3 3578-1237
                        Fax: +81 3 5472-7608

                      (In the United States)
                        Jim Reilly
                        Panasonic
                        Tel: +1-201-392-6067
                        e-mail: reillyj@panasonic.com

                      Pioneer Corporation
                        Public Relations Department
                        e-mail: prd_pioneer@post.pioneer.co.jp

                      Toshiba Corporation
                        Corporate Communications Office
                        e-mail: press@toshiba.co.jp
                      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.
                      PDF files are in Adobe's Portable Document Format. To view them you need Acrobat(R) Reader 5.0 by Adobe Systems Incorporated.
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