Mitsubishi Heavy Industries, Ltd. (TSE: 7011,
"MHI") and Hitachi, Ltd. (TSE: 6501, "Hitachi") today
announced that the two companies respectively signed absorption-type company
split agreements (the "Absorption-type Company Split Agreements")
with the new company established by MHI (the "Integrated Company") in
order to transfer the business centered on the thermal power generation systems
of both companies (the "Integrated Business") by way of company split
(the "Absorption-type Company Split") in relation to integrating the
Integrated Business (the "Business Integration") in accordance with a
basic integration agreement and a joint venture agreement on June 11, 2013 in
relation to the Business Integration (the "Definitive Agreements") as
announced in a press release titled "Mitsubishi Heavy Industries and
Hitachi Conclude Definitive Agreement on Business Integration in the Thermal
Power Generation Systems Field" on June 11, 2013 (the "June 11, 2013
Announcement").