Olympus Corporation (Olympus) announced that it has resolved to conclude new business alliance with Sony Corporation (Sony) and Sony Olympus Medical Solutions Inc. (Sony Olympus Medical Solutions) regarding medical business. Reason for the Business Alliance: In September 2012, Olympus and Sony entered into a business alliance agreement and established Sony Olympus Medical Solutions, a joint venture in the medical business, with the aim of combining Olympus' lens and optical technologies, as well as its brand and technological R&D, with Sony's broad range of technologies including digital imaging technologies, to create new products and businesses that will contribute to the development of healthcare system. The three companies have so far developed three products through collaboration, and have now decided to strengthen their business alliance agreement with the aim of further expanding the three-company collaboration.

In addition to the existing scope of the agreement in 2012 in the field of surgical endoscopes with 4k (or higher) resolution or 3D function, and related systems, the company pland to implement the Business Alliance in the field of gastrointestinal and respiratory endoscopes. In particular, the company will strengthen its software development capabilities and aim to quickly provide next-generation endoscope systems that are difficult to realize on own by integrating the cutting-edge technologies of the three companies. Through the Business Alliance, Olympus expects to contribute to elevating the standard of care and continue to enhance its corporate value.

Details of the Business Alliance: For the purpose of product development of next-generation endoscope systems, Olympus will receive from Sony the technology and know-how necessary for the development of an imaging platform for next- generation endoscope systems and will entrust Sony Olympus Medical Solutions with a portion of the development. Date of resolution of the business alliance agreement: December 8, 2023. Date of conclusion of the business alliance agreement: December 8, 2023.