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2007 News Release

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May 23

May 23, 2007
Hitachi Metals, Ltd.

Hitachi Metals Included in FTSE4Good Index

In May 2007, Hitachi Metals has been selected for inclusion in the FTSE4Good Index(*1), a leading index for socially responsible investment created and managed by the U.K.-based global index company FTSE International (*2).

The FTSE4Good Index, like the Dow Jones Sustainability Index (DJSI), is an international index of companies that demonstrate high standards of corporate social responsibility in the areas of environmental sustainability and ethical corporate practice. These important indices provide investment criteria for investors with a keen interest in socially responsible companies. Hitachi Metals, Ltd. also has been included to this Index in 2005.

Encouraged by this inclusion, Hitachi Metals will further strengthen its efforts to meet its responsibilities as a socially responsible corporation.

The FTSE4Good Index was established in July 2001 by FTSE International. It consists of four indexes -UK, Europe, USA and Global. Companies with interests in tobacco, arms manufacturing or atomic power generation are ineligible for qualification. Companies are selected for inclusion based on their performance in the three key areas of environmental sustainability, social relationships and human rights. All licensing revenues from FTSE4Good indices are contributed to the United Nations International Children's Emergency Fund (UNICEF).

FTSE International was established in 1995 in a joint venture between the Financial Times and the London Stock Exchange. It creates custom index tracking funds for customers, such as the international index FTSE 100.