News Release
Management Change

April 4,2006
Fuji Electric Holdings Co., Ltd.

Fuji Electric Holdings Co., Ltd. announced today that a change of the President was decided at the Board of Directors meeting today as shown below. An appointment of new president is subject to approval by the Board of Directors meeting on June 27, 2006 following the Ordinary General Meeting of shareholders to be held on the same day.

The following change will be made on June 27, 2006:

Kunihiko Sawa
New  : Advisor, Fuji Electric Holdings Co., Ltd.
Current : President and Representative Director, Fuji Electric Holdings Co., Ltd.

Haruo Ito
New  : President and Representative Director, Fuji Electric Holdings Co., Ltd.
Current : President and Representative Director, Fuji Electric Systems Co., Ltd.