KONICA MINOLTA

KONICA MINOLTA GROUP NEW ORGANIZATION

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KONICA MINOLTA GROUP NEW ORGANIZATION
<August 5, 2003>
A new integrated holding company, Konica Minolta Holdings. Inc., will be formed through a stock swap having Konica as a complete parent company and Minolta as a wholly owned subsidiary.
KONICA MINOLTA HOLDINGS, INC. (Listed)
<October 1, 2003>
A new corporate group will be formed by business reorganization within the group companies.
KONICA MINOLTA HOLDINGS, INC.
* Konica Minolta Photo Imaging, Inc. and Konica Minolta Camera, Inc. are
planned to be integrated on April 1, 2004.