News Release
Receipt of Statement of Objections from the European Commission

December 12,2008
Fuji Electric Holdings Co., Ltd.

On November 25, 2008, Fuji Electric Holdings Co., Ltd. received a Statement of Objections from the European Commission in relation to an allegation of infringement of competition law in the market of power transformers in Europe. Fuji Electric Holdings Co., Ltd. intends to review the findings of facts by the European Commission and take appropriate actions; it does not intend to make any further public announcements about this case prior to the final decision of the European Commission.

NB

A Statement of Objections is a document to inform parties concerned of the tentative view of the European Commission on an allegation of infringement of competition law, and to allow those parties to submit a response to it. A Statement of Objections is not a final decision of the European Commission.