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2nd August, 2004

Hitachi Capital Corporation

Hitachi Capital Repurchases Treasury Stock

(Under Article 211-3, Section 1-2 of the Japanese Commercial Code)

Hitachi Capital Corporation hereby serves notice that it has repurchased treasury stock on the open market pursuant to Article 211-3, Section 1-2 of the Japanese Commercial Code. Details of the repurchase are as follows:

1.Repurchase period 30th July, 2004
2.Total number of shares repurchased 40,000 shares
3.Total value of shares repurchased ¥76,207,400
4.Repurchase method Open market purchase on the Tokyo Stock Exchange

Reference:

1.Details of the proposal approved at the Board of Directors’ meeting held on 22nd July, 2004

(1) Type of shares Hitachi Capital common stock
(2) Total number of shares authorized for repurchase Up to 10 million shares (representing 7.5% of the total number of shares issued and outstanding)
(3) Total value of shares authorized for repurchase Up to ¥21.0 billion

2.Cumulative balance of treasury stock repurchased since the board of Directors’ meeting held on 22nd July, 2004

(1) Total number of shares repurchased 350,000 shares
(2) Total value of shares repurchased ¥660,219,700