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                      | HITACHI HOME | UP | SEARCH | HITACHI

                      News Release ^
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                      December 3, 1999

                      Hitachi Building Systems Acquires Shares of Seishin Service

                      On November 29, 1999, Hitachi Building Systems, Co., Ltd., a subsidiary of Hitachi, Ltd.,  
                      acquired 90% of the outstanding shares of Seishin Service Co., Ltd., a subsidiary of The 
                      Seibu Department Stores Ltd.
                      
                      Up to now, Hitachi Building Systems has sold, installed, and maintained elevators, 
                      escalators, and other building equipment and facilities. It has provided integrated building 
                      management systems, such as remote surveillance and control systems. 
                      
                      With the acquisition of Seishin Service, Hitachi Building Systems adds building 
                      management know-how in retail stores to its own fund of technology and experience. 
                      Hitachi Building Systems has thus strengthened its operations and enhanced customer 
                      satisfaction. Moreover, it has made a significant stride toward becoming a total solutions 
                      company in the building management field.
                      
                      In addition, the acquisition is one facet of the i.e. HITACHI Plan, a medium-term 
                      business plan for the consolidated Hitachi Group, under which Hitachi is 
                      transforming into a solutions company that provides services and systems, while 
                      sustaining the strong value it creates as a manufacturer in terms of high quality and 
                      productivity.
                      


                      WRITTEN BY Secretary's Office
                      All Rights Reserved, Copyright (C) 1999, Hitachi, Ltd.

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