ZAMine Brasil, a Company Funded by Hitachi Construction Machinery and Marubeni, Held an Opening Ceremony.

ZAMine Service Brasil LTDA (“ZAMine Brasil”), a sales and service company of mining equipment for Hitachi Construction Machinery, held an opening ceremony on March 12 to celebrate starting their operations. The company was jointly established in the Federative Republic of Brazil (“Brazil”) by Hitachi Construction Machinery Co., Ltd. (TSE: 6305, President and Executive Officer: Masafumi Senzaki; "Hitachi Construction Machinery") and Marubeni Corporation (President and CEO: Masumi Kakinoki; "Marubeni").

In addition to more than 50 employees, the ceremony was attended by representatives of Marubeni Corporation, Marubeni Brazil S.A., Hitachi South America Ltda., and others. From Hitachi Construction Machinery, Kotaro Hirano, Representative Executive Officer, Chairman and Executive Officer, CEO, and Sonosuke Ishii, Chairman of Hitachi Construction Machinery Americas Inc. participated. Kotaro Hirano commented, “Brazil is one of world’s largest producer of iron ore, and a market with great potential to expand our mining business.. The market demand these days is to reduce emissions, and I am confident that our fuel-efficient excavators, dump trucks with trolley system and others we supply worldwide will be well received by Brazilian mining customers. We need the cooperation of each and every team member so that we can commit to establishing a strong position in the Brazilian mining market.”

Latin America accounts for 23% of the world's demand for rigid dump trucks and 9% of the demand for super-large hydraulic excavators.^*1 Due to the abundance of mineral resource mining in the market, including copper, iron ore, and gold. In particular, many of Hitachi Construction Machinery's super-large hydraulic excavators are in operation in Brazil. In addition to the increase in new machinery sales, the parts and service business is expected to expand based on the volume of new machinery delivered to date.

ZAMine Brasil will begin full-scale operations in March 2025 to expand the mining business in the Brazilian market by combining the Marubeni’s business management know-how and extensive customer network in Brazil, developed over many years, with Hitachi Construction Machinery’s high-quality maintenance and services programs provided.

_{*1: Includes dump trucks with a load capacity of 150 tons or more and ultra-large hydraulic excavators with an operating weight of 190 tons or more. (total unit demand from 2010 to March 2024).}

In addition, Hitachi Construction Machinery plans to establish Hitachi Construction Machinery Latin America SpA (Hitachi Construction Machinery Latin America) on April 1, 2025, located in Chile as a regional headquarters in Latin America. Hitachi Construction Machinery aims to achieve sales revenue of 100 billion JPY in Latin America by FY2030 through the restructuring of its business in the region.

Overview of ZAMine Brasil

• Company name - ZAMine Service Brasil LTDA
• Representative - Kentaro Goto, President and Executive Officer
• Location - Minas Gerais State, Brazil
• Date of Establishment - November 2024
• Business Activities - Sales and provision of services of Hitachi Construction Machinery Group’s mining machinery
• Number of Employees - 54 (as of March 2025)
• Shareholding Ratio - ZAMine Latam Holdings 100%, a special-purpose company 50% owned by Hitachi Construction Machinery and 50% owned by Marubeni

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