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Mitsubishi Heavy Industries and Hitachi Announce
Matters Related to Business Integration
in the Thermal Power Generation Systems

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Tokyo, December 12, 2013 --- Mitsubishi Heavy Industries, Ltd. (TSE: 7011,"MHI") and Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that the two companies decided the corporate name and representative of a new company (the "Integrated Company") established by MHI for integrating the business centered on the thermal power generation systems of MHI and Hitachi (the "Business Integration") following the announcement on July 31, 2013 titled "Mitsubishi Heavy Industries and Hitachi Conclude Absorption-Type Company Split Agreement on Business Integration in the Thermal Power Generation Systems Field." In the announcement, MHI and Hitachi announced that they had respectively signed absorption-type company split agreements with the Integrated Company. The applicable matters that were recently decided are underlined.

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Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.