Nikon Corporation Announces Issuance of Unsecured Straight Bonds

Nikon Corporation announced today that it has determined the issuance terms of its 18^th and 19^th Unsecured Straight Bonds.

1. 18^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	0.996% per annum
   (5)Issue Price	100 yen per face value of 100 yen
   (6)Redemption Price	100% of the principal amount
   (7)Maturity Date	January 26, 2018
   (8)Interest Payment dates	January 28 and July 28 each year
   (9)Offering Period	January 21, 2011
   (10)Payment Date	January 28, 2011
   (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 Cordial Securities Inc. and Mitsubishi UFJ Morgan Stanley 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. 19^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	1.434% per annum
   (5)Issue Price	100 yen per face value of 100 yen
   (6)Redemption Price	100% of the principal amount
   (7)Maturity Date	January 28, 2021
   (8)Interest Payment dates	January 28 and July 28 each year
   (9)Offering Period	January 21, 2011
   (10)Payment Date	January 28, 2011
   (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 Morgan Stanley Securities Co., Ltd. and Nikko Cordial Securities Inc.
   (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.)