Business News

Canon holds 84.65% of Océ ordinary shares

Monday 22. March 2010 - Reference is made to the press release of 28 January 2010, in which Canon Inc. ("Canon") and its subsidiary Canon Finance Netherlands B.V. (the "Offeror") and Océ N.V. ("Océ") jointly announced that the Offeror is making a fully self-funded public cash offer (the "Offer") for all the issued and outstanding ordinary shares of Océ (the "Ordinary Shares") at an offer price of EUR 8.60 per Ordinary Share and the press release of 4 March 2010, in which the Offeror declared the Offer unconditional (gestand gedaan).

Post-acceptance period
10,297,246 Ordinary Shares were tendered for acceptance under the Offer during the post-acceptance period (na-aanmeldingstermijn) that ended on 19 March 2010 at 17:30 hours CET (the “Post-Acceptance Closing Date”). The Ordinary Shares tendered under the Offer during the post-acceptance period represent 11.79% of the Ordinary Shares (including Océ’s treasury shares) and have an aggregated value of EUR 88,556,315.60.

Including the Ordinary Shares that were acquired in the market during the post-acceptance period, the total number of Ordinary Shares held by or tendered to the Offeror as of the Post-Acceptance Closing Date amounts to 73,934,429 Ordinary Shares, which represent 84.65% of the total number of Ordinary Shares (including Océ’s treasury shares).

The total number of shares held by or tendered to the Offeror (including Océ’s financing preference shares) as of the Post-Acceptance Closing Date represents approximately 87.51% of the total issued share capital of Océ (including Océ’s treasury shares).