2000 The former Hitachi Cable News Release

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Contains information disclosed through the Tokyo Stock Exchange Timely Disclosure Network (TDnet) and the Osaka Securities Exchange Electronic Disclosure Network (ED-NET).

Notice of Purchase of its Own Shares through a Market

In accordance with Article 3 of the Law Concerning Exceptions to the Commercial Code Relating to the Procedure for Cancellation of Shares, the Company purchased its own shares on the market for the acquisition thereof to cancel the same by appropriation of profit. Hence, notice is hereby given as follows.
Notice is also given that the acquisition of own shares by the Company authorized by the resolutions of the meeting of the Board of Directors (held on January 31, 2000) was completed on this purchase.

Description

1. Purchase period: From February 29, 2000 to March 13, 2000
2. Number of shares purchased: 1,305,000 shares
3. Aggregate purchase price: 1,204,360,000 yen
4. Method of purchase: Purchase at the Tokyo Stock Exchange
(Reference 1) Contents of the resolution of the Board of Directors held on January 31, 2000
*Class of shares to be acquired: Shares of common stock, with par value, of the Company
*Total number of shares to be acquired: (Not exceeding)4,000,000 shares
*Aggregate acquisition price of shares: (Not exceeding)2,400,000,000 yen
(Reference 2) Accumulated number of own shares of the Company purchased up to March 13, 2000
*Number of shares purchased: 2,988,000 shares
*Aggregate purchase price: 2,397,338,000 yen
(Reference 3)
*Total number of shares to be purchased and cancelled as provided for in the Articles of Incorporation of the Company: 37,000,000 shares
*Total number of shares purchased after the date on which the provision of the Articles of Incorporation of the Company was set forth: 2,988,000 shares