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March 3, 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 February 1, 2005 through February 28, 2005
2.Total number of shares repurchased 874,700shares
3.Total value of shares repurchased ¥1,802,160,200 (average cost @¥2,060)
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 July 22, 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 July 22, 2004

(1) Total number of shares repurchased 5,709,600 shares
(2) Total value of shares repurchased ¥10,939,584,400 (average cost @¥1,916)

3.Total number of shares issued and outstanding

The total number of shares issued and outstanding as of March 2 is as follows:

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