Announcement of the Stock Options Grant

Nikon Corporation granted stock options as followings through treasury stock repurchase, based on the Article 210-2 of the Commercial Law.

1. Number of shares repurchased :
   99,000
2. Period of repurchase :
   June 29, 2001
3. Number of shares granted :
   99,000
   (60,000 shares for 9 members of the Board of Directors and 39,000 shares for 13 officers)
4. Date granted :
   July 2, 2001
5. Exercise price :
   1,321 yen per share
   (This exercise price is set at 105% of the average closing price of Nikon Corporation stock on the Tokyo Stock Exchange on each day of June 2001 and amounts under 1 yen are rounded up to the nearest yen. )
6. Exercise period :
   June 29, 2003 through June 28, 2011