Konica Minolta Holdings, Inc.
August 5, 2003

(Continued.)

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.

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

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

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

Tateomi Kohno *
Director
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

Cautionary Statement Regarding Forward-Looking Statements:

This press release includes forward-looking statements that reflect the plans and expectations of Konica Minolta Holdings, Inc. To the extent that statements in this press release do not relate to historical or current facts, they constitute forward-looking statements. The forward-looking statements are based on the current assumptions and beliefs of Konica Minolta Holdings, Inc. in light of the information available to it, and involve known and unknown risks and uncertainties. Potential risks and uncertainties include, but are not limited to, the ability of Konica Minolta Holdings, Inc. to integrate the operations of Konica Corporation and Minolta Co., Ltd. effectively, as well as the factors identified under "Forward-Looking Statements" of the Annual Report 2002 of Konica Corporation and "Disclaimer Regarding Forward-Looking Statements" of the Annual Report 2002 of Minolta Co., Ltd. Such risks, uncertainties and other factors may cause the actual results, performance or financial position of Konica Minolta Holdings, Inc. to differ materially from those expressed or implied in the forward-looking statements. Konica Minolta Holdings, Inc. undertakes no obligation to update publicly any forward-looking statements after the date of this press release.