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2nd February, 2005

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 4th January, 2005 through 31st January, 2005
2.Total number of shares repurchased 114,800 shares
3.Total value of shares repurchased ¥239,969,500 (average cost @¥2,090)
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
(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 4,834,900 shares
(2) Total value of shares repurchased ¥9,137,424,200 (average cost @ ¥1,890)

3.Total number of shares issued and outstanding

The total number of shares issued and outstanding as of 2nd February, 2005 is as follows:

Total number of shares issued and outstanding 124,826,552