

| Firm |
Analyst |
| Barclays Capital Japan |
Masahiro Nakanomyo, Makoto Bizen |
| BNP Paribas Securities (Japan) Ltd. |
Yoshitsugu Yamamoto |
| Daiwa Securities Co.Ltd. |
Hirokazu Mitsuda, Yui Mikami |
| JP Morgan Securities Japan Co., Ltd. |
Hisashi Moriyama |
| Mito Securities Co.,Ltd. |
Keita Wakabayashi |
| Morgan Stanley MUFG Securities, Co., Ltd. |
Kazuo Yoshikawa, Ryotaro Hayashi |
Nomura Securities Co., Ltd.
|
Tetsuya Wadaki |
Okasan Securities Co., Ltd.
|
Kazumasa Kubota |
|
(In alphabetical order)
The analysts listed above have authored reports on Hitachi High-Technologies Corporation (Hitachi High-Tech) during the past one year period that could be confirmed by Hitachi High-Tech as of October 18, 2012.
Any opinions, forecasts or estimates of their reports do not represent opinions, forecasts or estimates of Hitachi High-Tech or its management. Hitachi High-Tech has not implied the endorsement of or concurrence with information contained in their reports nor affirms them.

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