Notice on Dissolution and Liquidation of Subsidiary Corporation

At the meeting of the Board of Directors of Nikon Corporation on March 29, 2002, a decision was made to dissolve Sagami Optical Co., Ltd., a subsidiary of Nikon Corporation, on June 30, 2002, as detailed below.

1. Reason of dissolution
   Sagami Optical Co., Ltd. was established in September 1990 to handle primarily high-precision processing of plane optical glass and polishing of glass disk substrate.
   The decision was made to dissolve the corporation due to continued poor performance combined with little reasonable expectation of increased demand in the future.
2. Outline of Sagami Optical Co., Ltd.

   Address	3330-1, Tana, Sagamihara, Kanagawa
   President	Takayuki Nitta
   Business lines	High-precision processing of plane optical glass and polishing of glass disk substrate
   Capital	120 million Japanese Yen
   Major shareholder	Nikon Corporation (100%)

3. Effects of the dissolution on the performance of Nikon Corporation
   Estimated losses thought to be incurred in the liquidation of Sagami Optical Co., Ltd. will be taken in the Nikon Corporation financial term ended March 31, 2002, but there are no revision to the forecast of financial results for Nikon Corporation.