Announcement of Partial Correction to the Annual Report 2004

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December 27, 2004

Seiko Epson Corporation has made some corrections to its Annual Report 2004. Details are as follows:
Partial correction of "18. Related party transactions" on page 65-66

  Before Correction After Correction
Page 65
The first paragraph
Relatives of Mr. Hideaki Yasukawa, Chairman and Representative Director of the Company, own 53.7% of the outstanding shares of Athlete FA Corporation ("Athlete"). The Company has purchased machinery from Athlete.  Deleted
Page 65
The forth sentence in the third paragraph
Mr. Yasuo Hattori and their relatives own 26.7% and 56.8% of the outstanding shares of Aoyama, respectively. Mr. Yasuo Hattori and their relatives own 26.7% and 38.5% of the outstanding shares of Aoyama, respectively.
Page 66
The table for "Transactions"
Transactions with Athlete FA Corporation - Purchase of machinery in the year ended March 31, 2002, 2003 and 2004 Deleted
Page 66
The table for "Balances"
Balances with Athlete FA Corporation - Other payable in the year ended March 31, 2003 and 2004 Deleted

*Seiko Epson was listed on the first section of the Tokyo Stock Exchange on June 24, 2003 (code number 6724). As such, no financial records, annual reports, or other IR materials are available before that time.