Canon and Oce Combine Swiss Printing Operations

By Canon And Oce, PRNE
Thursday, June 9, 2011

LONDON and VENLO, The Netherlands, June 10, 2011 -

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:

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
, 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 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

    Nick Gale, Manager Media Relations, Oce
    Tel. +31(0)77-359-56-28


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