April 24, 2008
Fuji Electric Holdings, Co., Ltd.

Notice Regarding Dividends From Retained Earnings

Fuji Electric Holdings Co., Ltd. has announced today that it resolved, at a meeting of the Board of Directors held
April 24, 2008, to pay a dividend from retained earnings with a record date of March 31, 2008.

1. Details of Dividends
Today’s
resolution
Recent forecasts
(announced on January 29,
2008)

Fiscal 2007 dividend

Record date
March 31, 2008
March 31, 2008
September 30, 2006
Dividend per share
¥4.00 TBA ¥4.00
Total dividends
¥2,858 million
---
¥2,859 million
Effective date
June 3, 2008
---
June 5, 2007
Source of dividends
Retained earnings
--- Retained
earnings

2. Reasons
The Fuji Electric Group’s basic policy is to enhance shareholders’ equity by increasing earnings potential of the
Group, through steps to strengthen the business foundation and to secure retaned earnigs to support research and
development (R&D) and capital investment necessary for future growth, while also returning profits to all
shareholders.

In accordance with these policies, the Group strives to pay stable and continuous devdends while taking into
account consolidated operating results for the fiscal year, plans for R&D and capital investment aimed at future
growth, and business environment. Accordingly, the Company has decided to pay a dividend applicable to fiscal
2008 of ¥4.00 per share.
For Your Reference
Dividend
per
share
Record date
Interim
Year-end Full-year
Fiscal
2008
¥4.00 ¥4.00 ¥8.00
Fiscal
2007
¥4.00 ¥4.00 ¥8.00