Konica Minolta Holdings, Inc.
August 5, 2003

Announcement of Directors, Executive Officers, General Managers, Establishment of Organizations, and Executive Personnel for Operational Companies and Companies Serving Common Functions

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.s.

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.

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 Headquarters
General Manager, Planning Headquarters
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 Operations
Deputy General Manager, Image Information Products General Headquarters

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

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