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IR Press Releases
For Immediate Release

Hitachi Metals, Ltd. (Jan. 31, 2005)
Code:5486
URL http://www.hitachi-metals.co.jp
2-1 Shibaura 1 chome, Minato-ku, Tokyo
Contact: Sig Ishigay, Officer and General Manager
Corporate Communications Tel: +81-3-5765-4073
Stock Exchange where listed (section): Tokyo(First), Osaka(First)

Notice of Treasury Stock Purchase
(Pursuant to Article 211-3, Section 1-2 of the Commercial Code of Japan)

Tokyo, Japan, January 31, 2005--Hitachi Metals, Ltd. announces its decision, made at the Board of Directors meeting held January 31, 2005, to purchase treasury stock based on Article 211-3, Section 1-2 of the Commercial Code of Japan.

1. Reason for the acquisition

    To allow for flexible implementation of capital policy

2. Details
    (1) Type of shares to be acquired: Common stock
    (2) Number of shares: Up to 1,150,000 shares
    (3) Amount of acquisition: Up to 700,000,000 yen
    (4) Acquisition period: February 1, 2005 to February 28, 2005


Reference:
Treasury stock as of December 31, 2004  
  Total number of shares issued (excluding treasury stock):   349,686,822
  Total number of shares of treasury stock:   7,481,865

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