Canon and Oce Combine Swiss Printing Operations

London and Venlo, The Netherlands (ots/PRNewswire) -

Canon and Oce are to combine their printing operations in
Switzerland, following the completion, on March 9th, 2010, of the
public offer of Canon Inc. for Oce outstanding common shares, in an
effort to create the overall No. 1 presence in the printing industry.

To facilitate this combination, Canon Europa N.V., a 100%
subsidiary of Canon Inc., and Oce N.V. have reached agreement for Oce
N.V. to sell 100% of Oce (Schweiz) A.G. to Canon Europa N.V. Oce
(Schweiz) A.G. accounts for 3-4% of overall Oce revenues. The
transaction price amounts to EUR 15.9 million.

In combining their Swiss businesses, Canon and Oce are addressing
specific local market conditions. A combined operation in Switzerland
is better placed to generate sales, taking into account the
significant indirect business and fierce competition in the local
market place. The combined Canon and Oce operation creates the
largest printing presence in Switzerland.

Procedural aspects

Since this combination comprises a related party transaction, it
is being executed at arm's length. The transaction is fully in line
with Canon's stated intention to adhere to prevailing Dutch corporate
governance standards. The transaction has been approved by the Oce
Board of Executive Directors and the independent members of the Oce
Supervisory Board. This decision took the interests of all
stakeholders into account.

In this context, ING Corporate Finance has rendered a fairness
opinion confirming that, from a financial perspective, the price is
fair to Oce and its shareholders.

About Canon Europe

Canon Europe is the regional sales and marketing operation for
Canon Inc., represented in 120 countries and employing over 11,000
people across Europe, the Middle East and Africa (EMEA).

Founded in 1937 with the specific goal of making the best quality
camera available to customers, Canon's tireless passion for the Power
of Image has since extended its technology into many other markets
and has established it as a world leader in both consumer and
business imaging solutions. Its solutions comprise products, ranging
from digital compact and SLR cameras, through broadcast lenses and
portable X-ray machines, to multi-function and production printers,
all supported by a range of value added services.

Canon invests heavily in R&D to deliver the richest and most
innovative products and services to satisfy customers' creative
needs. From amateur photographers to professional print companies,
Canon enables its customers to realise their own passion for image.
Canon believes that considering the interests of society and the
environment is an integral part of good business practice. This is
embodied in its corporate philosophy Kyosei - 'To live and work
together for the common good'.

Further information about Canon Europe is available at:

http://www.canon-europe.com

About Oce

Oce is one of the leading providers of document management and
printing for professionals. The Oce offering includes office printing
and copying systems, high speed digital production printers and wide
format printing systems for both technical documentation and color
display graphics. Oce is also a foremost supplier of document
management outsourcing. Many of the Fortune Global 500 companies and
leading commercial printers are Oce customers. The company was
founded in 1877. With headquarters in Venlo, The Netherlands, Oce is
active in over 100 countries and employs more than 20,000 people
worldwide. Total revenues in financial 2010 amounted to approximately
EUR2.7 billion. Oce is listed on Euronext in Amsterdam. For more
information visit http://www.oce.com. Oce N.V. is a Canon Group
company. Canon Inc. owns approximately 90% of Oce N.V.

For more information, please contact: Gina Jones, Corporate
PR Manager, Canon Europe Tel: +44(0)208-588-8034 Email:
gina.jones@canon-europe.com Nick Gale, Manager Media Relations,
Oce Tel. +31(0)77-359-56-28 E-mail nick.gale@oce.com

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