Olympus Corporation (President: Tsuyoshi Kikukawa) has restructured its Hamburg-based German consolidated subsidiary, Olympus Life and Material Science Europa GmbH, which handles the development, manufacture and sales of life science products. Its has also established two new companies, Olympus Life Science Research Europa GmbH and Olympus Life Science Europa Gmbh, with their headquarters in Munich and Hamburg, respectively. The aim of these changes is to strengthen marketing and sales systems for the Olympus Group's life science business in Europe, and to enhance global development and manufacturing capabilities. The two new companies have been operating since October 1.

As the Olympus Group's headquarters for the life science business in Europe, Olympus Life and Material Science Europa has long been involved in global development and manufacturing, in addition to its role in marketing and sales within Europe. The recent restructuring and the establishment of the new company will clarify responsibilities in these areas. The changes will also allow closer collaboration with Olympus Corporation, as the Group's headquarters, in the development of next-generation healthcare products.

The Olympus Group's four development and manufacturing bases in Germany which were previously located in various parts of southern Germany, have been integrated at the Munich headquarters of Olympus Life Science Research Europa GmbH. This relocation will improve the efficiency of development and manufacturing operations and facilitate the sharing of infrastructure and administrative services.

Profile of New Companies

Name	Olympus Life Science Research Europa GmbH	Olympus Life Science Europa GmbH
Capital	5.2 million euros	25,000 euros
Ownership structure	Wholly owned by Olympus Europa GmbH	Wholly owned by Olympus Europa GmbH
Head office	Sauerbruchstrasse 50, 81377 Munich / Germany	Wendenstrasse 14-18, 20097 Hamburg / Germany
Representative	Dr. Helmut Koehler	Dr. Helmut Koehler
Activities	Development and manufacture of clinical analyzers and reagents and biotechnology related systems	Marketing and sales of life science products in Europe
Start of business	October 1, 2007	October 1, 2007
Employees	Approximately 500	Approximately 100
Sites	Hamburg Office, Ireland Branch