1 March 2010— Reference is made to the press release of 28 January 2010, in which Canon Inc. and its subsidiary Canon Finance Netherlands B.V. (together "Canon") and Océ N.V. ("Océ") jointly announced that Canon is making a fully self-funded public cash offer ("Offer") for all the issued and outstanding ordinary shares of Océ (the "Shares") at an offer price of EUR 8.60 per Share.
Canon announces that by the close of the acceptance period on 1 March 2010, over 71% of the Shares were acquired by or tendered to Canon, which includes the 28.3% of the Shares (24,018,597 Shares) already held by Canon.
Canon will announce on or before 4 March 2010 its decision whether the Offer is i) declared unconditional, ii) extended or iii) terminated as a result of the offer conditions not having been fulfilled (paragraph 6.2 of the Offer Memorandum). If Canon declares the Offer unconditional, Canon intends to announce a post-acceptance period (na-aanmeldingstermijn) of up to two weeks.
This press release is also published in Dutch; the English version will prevail over the Dutch version.
This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire the securities of Canon or Océ in any jurisdiction.
The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, Canon disclaims any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither Canon, nor any of its advisors assumes any responsibility for any violation by any person of any of these restrictions. Any Océ shareholder who is in any doubt as to his position should consult an appropriate professional advisor without delay.
