Japanese

New Slate of Directors and Executive Officers

May 7, 2003

Nikon Corporation (Shoichiro YOSHIDA, Chairman of the Board & Chief Executive Officer) announces that the director's today decided on its nominations for the new slate of Directors and Executive Officers to be proposed at the General Shareholders' Meeting to be held June 27, 2003 and the Board of Directors Meeting immediately following.

Proposed Appointments (as of June 27, 2003)

**Director's Promotion**
Proposed title	Current title	Name
Senior Managing Director, Member of the Board & Senior Executive Officer	Managing Director, Member of the Board & Senior Executive Officer	KARIYA, Michio

**New Director Nominees**
Proposed title	Current title	Name
Managing Director, Member of the Board & Senior Executive Officer	Officer	TAMORI, Takashi
Managing Director, Member of the Board & Senior Executive Officer	Officer	KAJIWARA, Mamoru
Managing Director, Member of the Board & Senior Executive Officer	Officer	KIMURA, Makoto
Director, Member of the Board & Officer	Officer	MIYAUCHI, Norio
Director, Member of the Board & Officer	Officer	TOMINO, Naoki

**New Officer Nominees**
Proposed title		Name
Officer		HIRAI, Hideshi
Officer		ICHIHARA, Yutaka
Officer		TANIMOTO, Akikazu
Officer		USHIDA, Kazuo

**Retiring Director**
Current title		Name
Managing Director, Member of the Board & Senior Executive Officer		SASAYAMA, Shinya
Managing Director, Member of the Board & Senior Executive Officer		TAKAHASHI, Yosuke
Director Member of the Board & Officer		TOKOI, Kazumasa

**Retiring Officer**
Current title		Name
Officer		OTSUKA, Motosuke

Shinya SASAYAMA, Yosuke TAKAHASHI, Kazumasa TOKOI and Motosuke OTSUKA have been nominated as Counselors.

**New Corporate Auditor Nominee**
Proposed title		Name
Corporate Auditor		NAKANO, Toyoshi (Chairman of The Mitsubishi Trust and Banking Corporation)

**Retiring Corporate Auditor**
Current title		Name
Corporate Auditor		SHIDACHI, Takuji (Senior Advisor of The Mitsubishi Trust and Banking Corporation)

Toyoshi NAKANO is an outside corporate auditor as provided under Article 18, Clause 1 of the "Law for the Special Rules of Commercial Law concerning Stock Companies' Audits".

The information is current as of the date of publication. It is subject to change without notice.