News Release

February 18, 2008
Hitachi Chemical Co., Ltd.

Hitachi Chemical is awarded the Bronze Class in SAM's Sustainability Assessment

Hitachi Chemical Co., Ltd. (Head office: Tokyo, President and CEO: Yasuji Nagase, paid-in capital 15.4 billion yen) received a distinction of a Bronze Class in SAM Corporate Sustainability Assessment 2008, conducted by Sustainability Asset Management (“SAM”) in Switzerland. In the Chemicals sector, 13 companies worldwide were given Gold, Silver or Bronze Class distinctions respectively. Hitachi Chemical is one of five companies that were awarded the Bronze Class. Among the Japanese companies in the Chemicals sector, two were awarded the Silver Class, and Hitachi Chemical alone was awarded the Bronze Class.

Corporate Sustainability Assessment is an evaluation system initiated by SAM in 1999 to seek out and identify leading companies on the basis of company-specific sustainability criteria. Each year, SAM analyses more than 1,000 companies in 57 industry sectors, and assesses their capability to address opportunities and risks according to their economic, environmental and social dimensions. The system changed this year so that the companies with excellent performance in each industry will be given SAM Gold, Silver and Bronze Classes. Also, in cooperation with Dow Jones Indexes, SAM publishes and licenses the Dow Jones Sustainability World Indexes (DJSI) for keeping track of the performance of companies that are industry leaders in terms of sustainability.

In order to further enhance trust of stakeholders and achieve sustained growth, the Hitachi Chemical Group considers it vital to conduct business activities in harmony with society and the environment by performing its corporate social responsibilities (CSR). With this thinking, during fiscal 2007, the Group moved ahead with three priority objectives: (1) Contribution to Society through Our Business― promoting business activities that realize sustainability, (2) Disclosure of Information and Stakeholder Engagement ― Maintaining accountability for stakeholders, and (3) Working Environment ― Creating a safe, sound and vibrant working environment. While we have been very encouraged by the news that we have been given SAM’s Bronze Class, we will continue to make further group-wide efforts to ensure a steady fulfillment of social responsibilities, including the enhancement of compliance issues and corporate governance, and the implementation of global environmental conservation and various social contribution activities. For fiscal 2008, we particularly focus on implementing anti-global warming measures required by the international community and CSR activities throughout our supply chain. The Hitachi Chemical Group is determined to improve the sustainability of both the Group and society through new product development and business activities, and thereby contribute to the realization of a truly rich, vigorous society.