Announcement of Cash Dividends for the Fiscal Year Ended March 31, 2008

May 12, 2008

This is to announce that Nikon Corporation resolved at the meeting of Board of Directors held on May 12, 2008 concerning the year-end dividends as of March 31, 2008. This agenda will be proposed at General Shareholder's Meeting which is scheduled to be held on June 27, 2008.

1. Reason for dividend

Nikon 's basic dividend policy is to improve the reflection of business performance based on paying a steady,continuous dividend, as well as expanding the investment for future growth and strengthening of competitiveness. According to the above policy, Nikon set the year-end dividends at 13.5yen per share, an increase of 2 yen from the latest forecast. As a result of this increase, cash dividends for the fiscal year ended March 31, 2008 will be 25 yen per share, an increase of 7 yen from previous fiscal year.

2. Contents of the dividends

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  Cash dividends resolved to be distributed Latest forecast (announced on November 8, 2007) Cash dividends for the fiscal year ended March 31, 2007
Record dates March 31, 2008 Same as on left March 31, 2007
Cash dividends per share 13.5yen 11.5yen 11.5yen
Total amount of dividends 5,391 million yen - 4,593 million yen
Effective date June 30, 2008 - June 29, 2007
Resource of dividends Retained earnings - Retained earnings

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Details of annual dividends
  Dividend per Share
Record Dates Interim-end Year-end Annual total
Results of this fiscal year 2007 11.5yen 13.5yen 25yen
Results of previous fiscal year 2006 6.5yen 11.5yen 18yen

The information is current as of the date of publication. It is subject to change without notice.