Notice Concerning Partial Amendments to the Articles of Incorporation

May 20, 2022

Nikon Corporation (the “Company”) hereby announces that it has resolved at the Board of Directors’ meeting heldon May 20, 2022, to propose the partial amendments to the Articles of Incorporation at the 158th Annual General

Shareholders’ Meeting to be held on June 29, 2022.

1. Reasons for the Amendments(1) The “Act Partially Amending the Act on Strengthening Industrial Competitiveness and Other Related Acts”(Act No. 70 of 2021) came into effect on June 16, 2021, allowing a listed company to provide in its Articlesof Incorporation to the effect that a general shareholders’ meeting without a designated location for themeeting (so-called “virtual-only shareholders’ meeting”) may be held as long as the company obtains
confirmation from the Minister of Economy, Trade and Industry and the Minister of Justice. The Company
believes that virtual-only shareholders’ meetings will make it easier for many shareholders, including thoseliving in distant locations, to attend the meeting, as well as mitigate the risks of spreading infectious diseases
such as COVID-19. Accordingly, the Company proposes to establish a new provision under Article 13,Paragraph 2 of the Articles of Incorporation to enable the holding of a general shareholders’ meeting without
a designated location for the meeting as an option for the format of holding shareholders’ meetings.
In submitting this proposal, the Company has obtained confirmation from the Minister of Economy, Tradeand Industry and the Minister of Justice pursuant to Article 66, Paragraph 1 of the Act on Strengthening
Industrial Competitiveness (Act No.98 of 2013).
(2) The amended provisions stipulated in the proviso to Article 1 of the supplementary provisions of the “ActPartially Amending the Companies Act” (Act No. 70 of 2019) will come into effect on September 1, 2022.
To prepare for the implementation of a system for electronic provision of materials for general shareholders’meetings, the Articles of Incorporation of the Company shall be amended as follows.
1) The proposed Article 16, Paragraph 1 provides that information contained in the reference materials for thegeneral shareholders’ meeting, etc. shall be provided electronically.
2) The purpose of the proposed Article 16, Paragraph 2 is to establish a provision to limit the scope of mattersto be included in the paper copy to be sent to shareholders who have requested it.
3) The provision related to disclosure of reference materials for the general shareholders’ meetings using theInternet and deemed provision thereof (Article 16 of the current Articles of Incorporation) will become
unnecessary and will therefore be deleted.
4) In line with the above establishment and deletion of the provisions, supplementary provisions related to theeffective date, etc. shall be established.
(3) Considering that the position of Chairman of the Board has been vacant and the provision regarding Chairmanof the Board is a discretionary one, the Company proposes its deletion from the Articles of Incorporation.
2. Details of the Amendments
The details of the amendments are described in the Appendix.
3. Schedule
Scheduled date of the Annual General Shareholders’ Meeting to amend the Articles ofIncorporation: June 29, 2022
Scheduled effective date of the amendments to the Articles of Incorporation: June 29, 2022

Appendix(Amendments are underlined.)
Current Articles of Incorporation
Article 1 – Article 12 (Omitted)(Convocation)
Article 13 (Omitted)(New)
Article 14 – Article 15 (Omitted)(Disclosure of Reference Materials for the General
Shareholders’ Meetings Using the Internet andDeemed Provision Thereof)
Article 16 When convening the General
Shareholders’ Meeting, the Company
may be deemed to have provided
shareholders with information to be
described or indicated in referencematerials for the General
Shareholders’ Meeting, business
reports and non-consolidated andconsolidated financial statements, if
disclosed using the Internet inaccordance with Ministry of JusticeOrdinance.
(New)

Article 17 – Article 22 (Omitted)

Proposed Amendments
Article 1 – Article 12 (Unchanged)(Convocation)
Article 13 (Unchanged)
2. The Company may hold a General
Shareholders’ Meeting without adesignated location for the meeting.
Article 14 – Article 15 (Unchanged)(Deleted)(Measures for Electronic Provision, etc.)
Article 16 When convening the General
Shareholders’ Meeting, the Company
shall provide information contained inreference materials for the General
Shareholders’ Meeting, etc.
electronically.
2. Among the matters to be provided
electronically, the Company may choose
not to include all or part of the matters
stipulated in the Ministry of JusticeOrdinance in the paper copy to be sent toshareholders who have requested it by therecord date for voting rights.
Article 17 – Article 22 (Unchanged)(Representative Directors and Directors with
(Representative Directors)
Executive Power)
Article 23 The Board of Directors may elect one (1)(Deleted)
Chairman of the Board from among
Directors who are not Audit andSupervisory Committee Members whennecessary by resolution.
2. Representative Directors shall be elected Article 23 Representative Directors shall be electedby resolution of the Board of Directors.
by resolution of the Board of Directors.
3. Representative Directors shall carry out
2. Representative Directors shall carry out
the business of the Company inthe business of the Company inaccordance with the resolutions of theaccordance with the resolutions of theBoard of Directors.
Board of Directors.
Article 24 – Article 34 (Omitted)
Article 24 – Article 34 (Unchanged)

Current Articles of Incorporation

Proposed Amendments

Supplementary Provisions

Supplementary Provisions(Transitional Measures concerning Limitation ofLiability of Corporate Auditors)
The Company may, by resolution of the Board ofDirectors, limit the liability of Corporate Auditors,
who are Corporate Auditors (including former
Corporate Auditors) prior to the conclusion of the152nd General Shareholders’ Meeting to be held inJune 2016, as stipulated by Article 423, Paragraph 1of the Companies Act to the extent permitted by law.

(Transitional Measures concerning Limitation ofLiability of Corporate Auditors)
Article 1
The Company may, by resolution of theBoard of Directors, limit the liability ofCorporate Auditors, who are Corporate
Auditors (including former CorporateAuditors) prior to the conclusion of the152nd General Shareholders’ Meeting tobe held in June 2016, as stipulated by
Article 423, Paragraph 1 of theCompanies Act to the extent permitted bylaw.
(Transitional Measures concerning Measures forElectronic Provision, etc.)
Article 2
The deletion of Article 16 of the Articlesof Incorporation before amendment(Disclosure of Reference Materials for
the General Shareholders’ Meetings
Using the Internet and Deemed Provision
Thereof) and the establishment of Article
16 of the Articles of Incorporation afteramendment (Measures for ElectronicProvision, etc.) shall come into effect on
September 1, 2022.
2. Notwithstanding the provisions of thepreceding paragraph, Article 16 of theArticles of Incorporation before
amendment shall remain in force withrespect to a General Shareholders’Meeting to be held on or before the last
day of February 2023.
3. This Article shall be deleted on March 1,2023 or after the lapse of three (3) months
from the date of the General
Shareholders’ Meeting set forth in thepreceding paragraph, whichever is later.

(New)

(New)

(New)