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News Release

April 20, 2007 Fuji Electric Holdings Co., Ltd. Fuji Electric Systems Co., Ltd.

Response to European Commission's Decision regarding Gas Insulated Switchgear Cartel

On February 9, 2007, Fuji Electric Holdings Co., Ltd. and Fuji Electric Systems Co., Ltd. (collectively hereinafter referred to as "Fuji") received from the European Commission a decision imposing on Fuji a fine for its anti-competitive activities concerted with European and Japanese manufacturers relating to gas insulated switchgear.

As a result of careful review of the decision, Fuji filed an appeal to the European Court of First Instance on April 19, 2007, because the content of the decision of European Commission is inconsistent with the fact Fuji recognized. Fuji will be stating its argument at court.

In the meantime, taking the fact that Fuji has received the decision with seriousness, Fuji is committed to fulfill its corporate social responsibilities through further compliance activities.


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