New Appointment of Directors/Executive Officers and Revision of the Executive Officer System

Nikon Corporation (KARIYA, Michio, President ) announces that the board of directors decided today its recommendation for new appointments of Directors and Executive Officers to be proposed to the ordinary General Shareholders' Meeting on the coming June 28, 2007 and the Board of Directors Meeting to immediately follow it, and the revision of the executive officer system

I. New Appointment

1. Director Nominees

   Proposed title	Name	Current title
   President, Member of the Board * Chief Executive Officer & Chief Operating Officer & President of the Company	KARIYA, Michio	President, Member of the Board * Chief Executive Officer & Chief Operating Officer
   Director, Member of the Board * & Chief Financial Officer & Executive Vice President	TERATO, Ichiro	Executive Vice President, Member of the Board* & Chief Financial Officer
   Director, Member of the Board & Senior Executive Officer	KIMURA, Makoto	Senior Managing Director, Member of the Board & Senior Executive Officer, President of Imaging Company
   Director, Member of the Board & Senior Executive Officer	SUWA, Kyoichi	Senior Managing Director, Member of the Board & Senior Executive Officer, President of Core Technology Center & General Manager of Glass Division
   Director, Member of the Board & Senior Executive Officer	USHIDA, Kazuo	Managing Director, Member of the Board & Senior Executive Officer, President of Precision Equipment Company
   Director, Member of the Board & Executive Officer	KAJIWARA, Mamoru	Managing Director, Member of the Board & Senior Executive Officer, President of Business Administration Center
   Director, Member of the Board & Executive Officer	TOMINO, Naoki	Managing Director, Member of the Board & Senior Executive Officer
   Director, Member of the Board & Executive Officer	KAWAI, Yoshimichi	Managing Director, Member of the Board & Senior Executive Officer, Vice President of Precision Equipment Company

   • Remarks : "*" indicates representative director of the Board.
2. Auditor Nominees

   Proposed title	Name	Current title
   Corporate Auditor	KAMIJO, Masatoshi	Certified Public Accountant

3. Executive Officer Nominees

   Proposed title	Name	Current title
   Executive Officer	ICHIHARA, Yutaka	Director, Member of the Board & Executive Officer, Vice President of Core Technology Center & General Manager of Research & Development Headquarters, Core Technology Center
   Executive Officer	KUMAZAWA, Masami	Director, Member of the Board & Executive Officer, General Manager of Information System Headquarters
   Operating Officer	KAWABATA, Kunio	Deputy General Manager of LCD Equipment Division, Precision Equipment Company
   Operating Officer	KOSAKA, Tsuneo	General Manager of Production Headquarters, Imaging Company
   Operating Officer	NAGAI, Yoshiyuki	General Manager, Administration Department, Business Administration Center
   Operating Officer	KAZAMI, Kazuyuki	General Manager, Marketing Department, Marketing Headquarters, Imaging Company

4. Retiring Directors

   Current title	Name
   Managing Director, Member of the Board & Senior Executive Officer	MIYAUCHI, Norio
   Director, Member of the Board & Executive Officer	MORI, Hidetoshi

   • Norio MIYAUCHI and Hidetoshi MORI have been nominated as Counselor.
5. Retiring Executive Officers

   Current title	Name
   Executive Officer	WATANABE, Takao
   Executive Officer	HIRAI, Hideshi
   Executive Officer	IWASAKI, Jun

   • Takao WATANABE, Hideshi HIRAI and Jun IWASAKI have been nominated as Special Consulting Staff.

II. Revision of the Executive Officer System

1. Background of the revision
   Since its introduction of the executive officer system in 2001, Nikon Corporation has promoted various measures to enhance the corporate governance. To further pursue such reform, we have decided to revise our executive officer system effective June 28, 2007.
2. Objectives of the revision
   • To further strengthen the Internal Control.
   • To clarify the duty and responsibility of directors and executive officers for enhancement of their function.
3. Revised system
   1. Expansion of executive officers level from the current Senior Executive Officer and Executive Officer to the following five levels. The same person can be assigned both Directors and Executive Officer.
      • President of the Company
      • Executive Vice President
      • Senior Executive Officer
      • Executive Officer
      • Operating Officer
        Remarks: Under the current executive officer system, the representative directors of the board are not assigned executive officers.
   2. Reduction of both number of directors and directors positions only to the President.