FOR IMMEDIATE RELEASE

Hitachi-Omron Terminal Solutions to Acquire South Korean
Banknote Processor Manufacturer Seetech
To Improve the Efficiency of Cash Management at Financial Institutions
from ATMs to Back-offices of Branches and Cash Centers
Tokyo, April 19, 2017 --- Hitachi-Omron Terminal Solutions, Corp. (“Hitachi-OmronTerminal Solutions”) today announced that it has reached an agreement with Seetech
Co., Ltd. (“Seetech”), a banknote processor manufacturer in the Republic of Korea,
regarding the acquisition of Seetech by Hitachi-Omron Terminal Solutions. The twocompanies will move forward with procedures for completing the acquisition by end of
May 2017 based on their share transfer agreement signed.
With this acquisition, Hitachi-Omron Terminal Solutions will obtain Seetech’s banknote
processing technologies and global customer base, developing existing cash
management solutions for ATMs into extensive cash management efficiency
improvement solutions that also cover back-end operations at financial institutions,such as those at back-offices of branches and cash centers. At the same time,
Hitachi-Omron Terminal Solutions will accelerate its global operations through themove.
The number of banknotes in circulation has increased in various countries, including
India and ASEAN members, driven by recent economic development, especially inemerging countries. With their growing volume, cash processing operations thatemerge at the levels of ATMs, back offices of branches and cash centers isanticipated to increase in volume. The management of these cash processing
operations and the improvement of their efficiency have become common businessissues for financial institutions in each country.
Seetech owns sophisticated banknote processing technologies and has an extensive
lineup of banknote processing machines used at facilities, such as the back-offices ofbranches and cash centers of financial institutions. In addition, Seetech operates inmore than 100 countries and regions around the world with Europe and Asia as its
focus. In the meantime, Hitachi-Omron Terminal Solutions is bringing highly functionaland reliable cash recycling ATMs to Asia and other countries around the world, andoffering the ATM and ATM-related cash management solutions, such as theoptimization of cash loading, cash collection and CiT (Cash in Transit) routing.
With this acquisition, Hitachi-Omron Terminal Solutions will link data from ATMs, theback-offices of branches and cash centers using the Internet of Things (IoT) and otheradvanced technologies, realize cash management improvement solutions that
support the streamlining of front to back-end cash processing operations at financial
institutions and the reduction of operating costs, and accelerate sales worldwide.

Comment from Tetsuji Shimojo, Representative Director and President,
Hitachi-Omron Terminal Solutions:
We are delighted that Seetech is joining the Hitachi-Omron Terminal Solutions Group.
Seetech has been operating with a sense of speed, making the most of its
outstanding

banknote

processing

technologies

andglobal

customerbase.

Hitachi-Omron Terminal Solutions and Seetech will market cash management
improvement solutions that cover front to back-end operations and strengthen theirglobal operations by displaying synergy from this point on.
Comment from Park Won-sang, President, Seetech:
Seetech has a lineup of products for back-end operations at financial institutions. We
are very pleased to help the Hitachi-Omron Terminal Solutions Group expand
businesses globally as its member with our extensive track record worldwide,banknote processing technologies and development capabilities. We also expect thismove to contribute a great deal to the growth of our employees and management
team.

Outline of Seetech
Corporate Name

Seetech Co., Ltd.

Outline of business

Development, manufacturing and sales of banknote counters, banknote
identification machines and banknote sorters and provision of related
software services

Head office

Hwaseong-si, Gyeonggi-do, Republic of Korea

Representative

President: Park Won-Sang

Establishment period

1999

Capital

2.8 billion won (Scheduled as of March 2017)

Number of employees

120 (Scheduled as of March 2017)

About Hitachi-Omron Terminal Solutions, Corp.
Hitachi-Omron Terminal Solutions, headquartered in Tokyo, Japan, is member ofHitachi Group and a leading vendor of Cash Recycling ATMs in the world.
Hitachi-Omron Terminal Solutions provides highly reliable ATMs and bank systems
that embody real user needs. The company supports a secure, safe, and comfortablesociety through our prominent technologies and innovative solutions.

For more information about Hitachi-Omron Terminal Solutions, please visit the website
at http://www.hitachi-omron-ts.com/
For inquiries regarding this matter
https://www8.hitachi.co.jp/inquiry/hitachi-omron-ts/general/en/form.jsp###