Konica Minolta Holdings, Inc.
August 5, 2003

Tokyo (August 5, 2003) -- Konica Minolta Holdings, Inc. (Fumio Iwai, President & CEO) is pleased to announce today that it has started as a new integrated holding company through the integration of management of Konica Corporation and Minolta Co., Ltd. based on a stock swap agreement.

The directors, executive officers, general managers, and other details of establishment of new divisions have been determined as announced herein.

The executive personnel for operating companies and companies serving common functions as per the reorganization of operations scheduled for October 1, 2003, are likewise announced herein.

1. Directors of Konica Minolta Holdings, Inc. (Effective August 5, 2003)

   Chairman of the Board of Directors	Tomiji Uematsu
   Director	Fumio Iwai
   Director	Yoshikatsu Ota
   Director	Kikuo Fujiwara
   Director	Tetsuya Katada
   Director	Hiroyuki Fujimura
   Director	Noriyuki Inoue
   Director	Yoshihiko Higashiyama
   Director	Takeo Koitabashi
   Director	Norio Tashima
   Director	Masaru Kanbe
   Director	Masanori Hondo

   Four of the board members - Kikuo Fujiwara, Tetsuya Katada, Hiroyuki Fujimura, and Noriyuki Inoue - shall serve as outside directors as defined in Article 188, paragraph 2, item (7) - 2, of the Commercial Code of Japan.

2. Executive Officers of Konica Minolta Holdings, Inc. (Effective August 5, 2003)

   Fumio Iwai
   President & CEO, Representative Executive Officer

   Yoshikatsu Ota
   Vice President, Representative Executive Officer
   President and Representative Director, Executive Officer, Minolta Co., Ltd
   President, Image Information Company, Minolta Co., Ltd.

   Norio Tashima
   Senior Executive Officer
   General Manager, Kansai Headquarters
   Scope of responsibility: Environment Technology Planning Division Director, Executive Officer, Minolta Co., Ltd.
   General Manager, Quality Assurance Center, Image Information Products Company
   Scope of responsibility: Image Information Engineering Center, Service & Parts Logistics Division of Image Information Products Company, Industrial Design Division, and Quality & Ecology Division

   Masaru Kanbe
   Senior Executive Officer
   Scope of responsibility: Corporate Strategy Division, Corporate Human Resources Division, Corporate Communications & Advertising Division, and Compliance

   Masanori Hondo
   Senior Executive Officer
   Scope of responsibility: Corporate Accounting Division, Corporate Finance Division, General Affairs Division, and Legal Division Director, Executive Officer, Minolta Co., Ltd
   General Manager, Finance, Information Systems Headquarter
   General Manager, Planning Headquarter
   Scope of responsibility: General Affairs Division

   Hideaki Iwama
   Senior Executive Officer
   President and CEO, Konica Photo Imaging Corporation

   Teruo Kawaura
   Senior Executive Officer
   President and CEO, Konica Medical and Graphic Corporation

   Hirofumi Sakaguchi
   Senior Executive Officer
   President and CEO, Konica Business Technologies Corporation

   Takamasa Shintani
   Senior Executive Officer
   Scope of responsibility: Information Technology Planning Division
   President and CEO, Konica Business Expert Corporation

   Shigeyuki Seki
   Senior Executive Officer
   General Manager, China Business Division
   Executive Officer for China Affairs, Minolta Co., Ltd.

   Hiroshi Fujii
   Senior Executive Officer
   Director, Executive Officer, Minolta Co., Ltd.
   President, Optical Products Company

   Shoei Yamana
   Senior Executive Officer
   Executive Officer, Minolta Co., Ltd.
   General Manager, MFP Operation
   Deputy General Manager, Image Information Products General Headquarters

   Hiroshi Ishiko
   Executive Officer
   General Manager, Legal Divisio
   Executive Officer, Minolta Co., Ltd.
   General Manager, Legal Affairs Headquarters

   Toshiaki Ishihara
   Executive Officer
   Director, Executive Officer, Minolta Co., Ltd.
   General Manager, Procurement Headquarter
   General Manager, Business Expert Headquarters

   Mitsuharu Ohura
   Executive Officer
   General Manager, Human Resources Integration Project Team
   Executive Officer, Minolta Co., Ltd.
   General Manager, Human Resources Headquarter
   General Manager, Business Support Division, Business Expert Headquarters

   Masaru Oba
   Executive Officer
   Director, Executive Officer, Minolta Co., Ltd.
   General Manager, Photographic Products Operations, Optical Products Company

   Kaoru Onodera
   Executive Officer
   President and CEO, Konica Technology Center Corporation
   General Manager, Inkjet Development Center

   Tateomi Kohno
   Executive Officer
   Director, Executive Officer, Minolta Co., Ltd.
   General Manager, Production Center, Image Information Products Company

   Tomohisa Saito
   Executive Officer
   Director, Konica Photo Imaging Corporation
   General Manager, IJ Media Division

   Yasunari Sata
   Executive Officer
   General Manager, General Affairs Division

   Yoshihiko Someya
   Executive Officer
   General Manager, Corporate Audit Division

   Yoshisuke Takekida
   Executive Officer
   Director, Executive Officer, Minolta Co., Ltd.
   Scope of responsibility: Development Center 1, Development Center 2, and New Business Incubation Division

   Hiroshi Furukawa
   Executive Officer
   Executive Officer, Minolta Co., Ltd.
   President, Instrument Systems Company

   Toshifumi Hori
   Executive Officer
   General Manager, Corporate Human Resources Division

   Takashi Matsumaru
   Executive Officre
   President and CEO, Konica Opto Corporation
   General Manager, Optics Division

   Tsuyoshi Miyachi
   Executive Officer
   General Manager, Corporate Strategy Division

   * Scope of executive officers' responsibilities will be reviewed in conjunction with the reorganization of operations scheduled for October 1, 2003.

3. General Managers of Konica Minolta Holdings, Inc. (Personnel above general manager rank, effective August 5, 2003)

   Hisao Yasutomi
   General Manager, Secretarial Department

   Tsuyoshi Miyachi, Executive Officer
   General Manager, Corporate Strategy Division

   Atsushi Kodama
   General Manager, Corporate Planning Department No. 1, Corporate Strategy Division

   Kazuyoshi Hata
   General Manager, Corporate Planning Department No. 2, Corporate Strategy Division

   Naomichi Yamada
   General Manager, Investor Relations Department, Corporate Strategy Division

   Shigeyuki Seki, Senior Executive Officer
   General Manager, China Business Division

   Yoshihiko Someya, Executive Officer
   General Manager, Corporate Audit Division

   Yasunari Sata, Executive Officer
   General Manager, General Affairs Division

   Hiroshi Ishiko, Executive Officer
   General Manager, Legal Division

   Toshifumi Hori, Executive Officer
   General Manager, Corporate Human Resources Division

   Mitsuharu Ohura, Executive Officer
   General Manager, Human Resources Integration Project Team, Corporate Human Resources Division

   Masayoshi Hayashi
   General Manager, Human Resources Management Department, Corporate Human Resources Division

   Toru Suzuta
   General Manager, Strategic Human Resources Planning Department, Corporate Human Resources Division

   Kiyofumi Tanida
   General Manager, Corporate Accounting Division

   Tetsuya Hiruta
   General Manager, Accounting Department, Corporate Accounting Division

   Ko Ikeuchi
   General Manager, Corporate Finance Division

   Sadayoshi Funahashi
   General Manager, Capital Department, Corporate Finance Division

   Hiroyuki Omori
   General Manager, Finance Department, Corporate Finance Division

   Yuki Kobayashi
   General Manager, Corporate Communications & Advertising Division

   Yoshimaru Wada
   General Manager, Environment, Safety & Quality Management Division

   Hiroshi Okubo
   General Manager, Information Technology Planning Division

   Norio Tashima, Senior Executive Officer
   General Manager, Kansai Headquarters

4. Establishment of Organizations (Effective August 5, 2003)

   The organizations described below will be established.
   Secretarial Department
   Corporate Strategy Division
   China Business Division
   Corporate Audit Division
   General Affairs Division
   Legal Division
   Corporate Human Resources Division
   Corporate Accounting Division
   Corporate Finance Division
   Corporate Communications & Advertising Division
   Environment, Safety & Quality Management Division
   Information Technology Planning Division
   Kansai Headquartesr
   Audit Committee Office

5. Executive Personnel for Operational Companies and Companies Serving Common Functions (Effective October 1, 2003)

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   [Konica Minolta Business Technologies, Inc.]

   Yoshikatsu Ota*
   President and CEO
   Vice President, Representative Executive Officer, Konica Minolta Holdings, Inc.

   Hirofumi Sakaguchi*
   Senior Managing Directro
   Senior Executive Officer, Konica Minolta Holdings, Inc.

   Shoei Yamana*
   Managing Director
   Senior Executive Officer, Konica Minolta Holdings, Inc.

   Tateomi Kohno*
   Directo
   Executive Officer, Konica Minolta Holdings, Inc.

   Takumi Kawakami, Director

   Akio Kitani, Director

   Takashi Sugiyama, Director

   Masao Bando, Director

   Masatoshi Matsuzaki, Director

   Yasuo Matsumoto, Director

   Hiroyuki Moriguchi, Director

   Mikio Naya, Standing Corporate Auditor

   Teruo Nakazawa, Standing Corporate Auditor

   Ko Ikeuchi, Corporate Auditor

   Taishi Uchinokura, Corporate Auditor

   [Konica Minolta Opto, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Takashi Matsumaru*
   President and CEO
   Executive Officer, Konica Minolta Holdings, Inc.

   Hiroyuki Inoue, Director

   Hisashi Tokumaru, Director

   Makoto Banno, Director

   Takashi Hogi, Director

   Mitsuharu Fujiwara, Standing Corporate Auditor

   Tetsuo Ueki, Corporate Auditor

   Hiroshi Shibata, Corporate Auditor

   [Konica Minolta Photo Imaging, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Hideaki Iwama*
   President and CEO
   Senior Executive Officer, Konica Minolta Holdings, Inc.

   Masaru Oba*
   Director
   Executive Officer , Konica Minolta Holdings, Inc.

   Tomohisa Saito*
   Director
   Executive Officer , Konica Minolta Holdings, Inc.

   Toshifumi Iijima, Director

   Yoshitsugu Shiraki, Director

   Tsukasa Oneyama, Standing Corporate Auditor

   Masaru Ohno, Corporate Auditor

   Takahiro Yuki, Corporate Auditor

   [Konica Minolta Camera, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Hiroshi Fujii*
   President and CEO
   Senior Executive Officer, Konica Minolta Holdings, Inc.

   Hideki Okamura, Director

   Takashi Karasaki, Director

   Yasuhiro Suga, Director

   Hisayuki Masumoto, Director

   Kazuhiko Ochi, Adjunct Director

   Yasuo Shinomiya, Standing Corporate Auditor

   Hiroyuki Omori, Corporate Auditor

   Kazuyoshi Hata, Corporate Auditor

   [Konica Minolta Medical & Graphic, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Teruo Kawaura*
   President and CEO
   Senior Executive Officer, Konica Minolta Holdings, Inc.

   Toshiki Komaita, Director

   Takao Saijo, Director

   Nobuyuki Taniguchi, Director

   Tadashi Nakamura, Director

   Shinichi Mogami, Standing Corporate Auditor

   Yasunori Arakawa, Corporate Auditor

   Kiyofumi Tanida, Corporate Auditor

   [Konica Minolta Sensing, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Hiroshi Furukawa*
   President and CEO
   Executive Officer, Konica Minolta Holdings, Inc.

   Hajime Inoue, Director

   Takashi Kageyama, Adjunct Director

   Ko Ikeuchi, Corporate Auditor

   Masayoshi Hayashi, Corporate Auditor

   [Konica Minolta Technology Center, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Kaoru Onodera*
   President and CEO
   Executive Officer, Konica Minolta Holdings, Inc.

   Yoshisuke Takekida*
   Director
   Executive Officer, Konica Minolta Holdings, Inc.

   Kazuo Ota, Director

   Takashi Kageyama, Director

   Masaru Kamei, Director

   Kazuo Shiozawa, Director

   Atsushi Kodama, Corporate Auditor

   Hiroshi Hashiguchi, Corporate Auditor

   Kazuyoshi Hata, Corporate Auditor

   [Konica Minolta Business Expert, Inc.]

   Note: Personnel denoted by an asterisk will also assume an executive position in the holding company.

   Toshiaki Ishihara*
   President and CEO
   Executive Officer, Konica Minolta Holdings, Inc.

   Kenichiro Okaniwa, Director

   Toshihiro Kataoka, Director

   Takashi Saito, Director

   Atsushi Kodama, Corporate Auditor

   Taiken Nakao, Corporate Auditor

   Takahiro Yuki, Corporate Auditor