Notification of the Schedule pertaining Tender of Shares of Subsidiary in Tender Offer

Hitachi, Ltd. (TSE: 6501, “Hitachi”) announced in the press release entitled “Notification of Tender of Shares of Subsidiary in Tender Offer, and Recognition of Extraordinary Gain on Unconsolidated Basis and Other Income on Consolidated Basis” issued on December 18, 2019 that it has executed a tender offer agreement with Showa Denko K.K. (TSE: 4004, “Showa Denko”) and HC Holdings K.K. (the “Offeror”), a wholly-owned subsidiary of Showa Denko, under which Hitachi agrees to tender all shares of common stock in Hitachi Chemical Company, Ltd. (TSE: 4217, “Hitachi Chemical”)held by Hitachi, in response to a tender offer (the “Tender Offer”) to be carried out by the Offeror for the shares of common stock of Hitachi Chemical, a consolidated subsidiary of Hitachi.