Epson Announces Change of Major and Largest Shareholder

- TOKYO, Japan November 17, 2011 -

Seiko Epson Corporation ("Epson," TSE: 6724) has reported a change in its major and largest shareholder.

1. Background to change

As part of the acquisition of treasury stock through the off-auction own share repurchase trading system (ToSTNeT-3) conducted today, Aoyama Kigyo Kabushiki Kaisha, Epson's major and largest shareholder, sold a part of the Epson shares held by it. As a result of this transaction, Aoyama Kigyo Kabushiki Kaisha has ceased to be a major and the largest shareholder.
Epson has confirmed the change of major shareholder by amendment to the large shareholding report submitted to the director of the Kanto Local Finance Bureau by Aoyama Kigyo Kabushiki Kaisha published on EDINET on November 17, 2011 (on which date it was required to report the change under the applicable laws).

2. Outline of shareholder subject to change

(1) Name Aoyama Kigyo Kabushiki Kaisha
(2) Address 3-5-8 Ginza, Chuo-ku, Tokyo
(3) Name and position of representative Yasuo Hattori, representative director
(4) Business Management and investment in real estate and shares, business investment, and other related business
(5) Stated capital 10 million yen (as of November 4, 2011)

3. Number of shares (voting rights) held and percentage of voting rights held by the shareholder in question

  Voting rights(Number of shares held) Percentage of voting rights Shareholder ranking
Before change (as of September 30, 2011) 207,189
(20,718,934 shares)
10.41% 1st
After change 17,189
(1,718,934 shares)
0.96% 20th

Notes:

(1)

The percentage of total voting rights held before the change was calculated on the basis of a total of 1,990,104 voting rights held by the major shareholders as of September 30, 2011.


(2)

The percentage of voting rights held after the change was calculated on the basis of the 1,787,604 voting rights calculated by subtracting the 202,500 voting rights of treasury stock acquired by Epson through off-auction own share repurchase trading system (ToSTNeT-3) conducted today from the total of 1,990,104 voting rights held by the major shareholder as of September 30, 2011.


(3)

The percentage of voting rights has been rounded off to two decimal places.


(4)

The shareholder ranking is an estimated ranking based on the register of shareholders as of September 30, 2011.



4. Date of change

November 17, 2011

5. Future plans

Not applicable.


About Epson
Epson is a global imaging and innovation leader that is dedicated to exceeding the vision of customers worldwide through its compact, energy-saving, high-precision technologies, with a product line-up ranging from printers and 3LCD projectors for enterprise and the home, to sensors and other microdevices. Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 78,000 employees in 99 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates.
http://global.epson.com/