News Release

February 15, 2010
Canon. Inc.

Notice regarding results of tender offer by Canon Inc. for shares of OPTOPOL Technology S.A.

TOKYO, February 15, 2010—Canon Inc. ("Canon"; President and COO: Tsuneji Uchida; Headquarters: Tokyo, Japan) and OPTOPOL Technology S.A. ("OPTOPOL"; President: Adam Bogdani; Headquarters: Zawiercie, Poland) reached an agreement in December last year by which Canon would acquire OPTOPOL's shares through a tender offer, which commenced on January 13, 2010.

Canon today announced that a total of 12,691,230 shares, including those of founding family members, representing 89.35% (ratio of voting rights) of the outstanding shares of OPTOPOL, had been validly tendered pursuant to the tender offer as of the expiration of the offering period on February 11 and, as such, OPTOPOL will be made a consolidated subsidiary of Canon on February 19, 2010 (tentative). OPTOPOL's founder will retain 10% of the shares for the foreseeable future.

Following the acquisition by Canon of OPTOPOL's shares, as Canon and OPTOPOL's founder own more than 90% of the outstanding shares, Canon, with the cooperation of the founder, intends to "squeeze out" the remaining 0.65% of minority shareholders and have OPTOPOL's shares delisted.

Through this TOB, Canon will be able to enter into the field of Optical Coherence Tomography (OCT), an area expected to undergo significant growth; greatly strengthen its ophthalmic diagnostic equipment product lineup; and offer a greatly enhanced product portfolio spanning a wide range of ophthalmic diagnostic systems. Additionally, Canon aims to achieve the world's No. 1 position within the overall ophthalmic diagnostic equipment segment through joint product-development efforts by both companies that would lead to the creation of groundbreaking new ophthalmic diagnostic tools.

  • 1.Tender offer subscription period
    The 22-day period (Poland business days) from January 13 until February 11, 2010
  • 2.Tender offer price per share
    Founding family members:
    19 PLN
    General shareholders:
    20 PLN
  • 3.Final results of tender offer
    Minimum number of shares to be achieved:
    Total number of shares subscribed:
    Total number of shares to be purchased:
  • 4.Funds required for tender offer
    246,163,160 PLN (approximately 7.88 billion yen)
    (Note: Calculated at an exchange rate of 1 PLN = 32 yen)
  • 5.Tender offer settlement
    February 19, 2010 (tentative)
  • 6.Other
    The results of the TOB were published in the February 13, 2010 editions of the Parkiet and Rzeczpospolita daily newspapers in Poland, and the Wall Street Journal in the United States.