Nikon Corporation Announces Issuance of Unsecured Straight Bonds

Nikon Corporation announced today that it has determined the issuance terms of its 16^th and 17^th Unsecured Straight Bonds.

1. 16^th Unsecured Straight Bonds

   (1) Amount of Issue	10 billion yen
   (2) Denomination of each bond	100 million yen
   (3) Book-entry bonds	The provisions of the Law Concerning Book-Entry Transfer of Corporate Bonds, Stocks, etc. shall apply to the Bonds.
   (4) Interest Rate	1.30% per annum
   (5) Issue Price	100 yen per face value of 100 yen
   (6) Redemption Price	100% of the principal amount
   (7) Maturity Date	June 23, 2014
   (8) Interest Payment dates	June 23 and December 23 each year
   (9) Offering Period	June 16, 2009
   (10) Payment Date	June 23, 2009
   (11) Security or Guarantee	No security or guarantee is pledged and no assets are specifically reserved to secure these Bonds.
   (12) Covenants	Negative pledge clause
   (13) Lead Managing Underwriters	Nikko Citigroup Limited and Mitsubishi UFJ Securities Co., Ltd.
   (14) Fiscal, Issue and Payment Agent	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
   (15) Book-entry transfer Institution	Japan Securities Depository Center, Inc.
   (16) Rating	A+ (Japan Credit Rating Agency, Ltd.)

2. 17^th Unsecured Straight Bonds

   (1) Amount of Issue	10 billion yen
   (2) Denomination of each bond	100 million yen
   (3) Book-entry bonds	The provisions of the Law Concerning Book-Entry Transfer of Corporate Bonds, Stocks, etc. shall apply to the Bonds.
   (4) Interest Rate	1.65% per annum
   (5) Issue Price	100 yen per face value of 100 yen
   (6) Redemption Price	100% of the principal amount
   (7) Maturity Date	June 23, 2016
   (8) Interest Payment dates	June 23 and December 23 each year
   (9) Offering Period	June 16, 2009
   (10) Payment Date	June 23, 2009
   (11) Security or Guarantee	No security or guarantee is pledged and no assets are specifically reserved to secure these Bonds.
   (12) Covenants	Negative pledge clause
   (13) Lead Managing Underwriters	Mitsubishi UFJ Securities Co., Ltd. and Nikko Citigroup Limited.
   (14) Fiscal, Issue and Payment Agent	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
   (15) Book-entry transfer Institution	Japan Securities Depository Center, Inc.
   (16) Rating	A+ (Japan Credit Rating Agency, Ltd.)