HOYA & PENTAX Reach Basic Understanding Management Integration

Dit is een origineel persbericht.

HOYA & PENTAX Reach Basic Understanding Management Integration

TOKYO - HOYA CORPORATION ('HOYA') and PENTAX Corporation ('PENTAX') announced today that they have reached a basic understanding aimed at a management integration of the two companies, expected to be completed on October 1, 2007. The new company's name will be HOYA PENTAX HD Corporation. Under a corporate center with strategic planning functions, the new company will realign the business areas of HOYA and PENTAX. HOYA and PENTAX have recognized that they are the best possible business partners to establish a solid business structure that draws on their respective strengths. Through this management integration, the planned new structure will allow the new company to swiftly allocate significant management resources to develop strategic business areas, aiming at accelerating future growth.

For the full press release please access 'News & Topics' in HOYA website at: www.hoya.co.jp/english/

Important Notice to U.S. Investors

This business combination is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.

It may be difficult for you to enforce your rights and any claim you may
have arising under the federal securities laws, since the issuer of the securities is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.

You should be aware that the issuer may purchase securities otherwise than under this business combination, such as in open market or privately negotiated purchases.

For enquiries, please contact: HOYA CORPORATION: Akiko Maeyama, Corporate Communications, Phone: +813-3952-1160; PENTAX Corporation: Jiro Okamura, Investor Relations and Public Relations Dept., Phone: +813-3960-2698; Gavin Anderson & Company: Deborah Hayden/Minako Hattori, Phone: +813-5404-0640

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