OREANDA-NEWS. Important Information: This press release may not be distributed in Australia, Hong Kong, Canada, New Zealand, South Africa or the United States (the "Excluded Jurisdictions"), and the offer referenced herein is not being made, nor will tender of shares be accepted from or on behalf of holders in the Excluded Jurisdictions, Japan or any other jurisdiction where such offer or acceptance is prohibited.

TOKYO, Japan, April 8, 2015?On February 10, 2015, Canon Inc. ("Canon"; Chairman and CEO: Fujio Mitarai) announced a recommended public cash offer (the "Offer") to the shareholders in the Swedish company Axis AB ("Axis"; President and CEO: Ray Mauritsson) to tender all their shares in Axis to Canon for 340 Swedish krona per share (the Offer Price).

As of April 1, 2015, the end of the acceptance period under the Offer, Canon acquired 52,415,897 shares, which corresponds to 75.46% of the outstanding common stock of Axis. Additionally, Canon acquired 423,326 shares in Axis outside of the Offer, none of which were purchased at a price that exceeded the Offer Price. As a result, Canon now holds a total of 52,839,223 shares, which accounts for 76.07% of Axis's outstanding common stock.

Canon, as the holder of more than 75% of shares in Axis, has decided to complete the Offer by purchasing all of the tendered shares in Axis.

Canon has decided to extend the acceptance period from today until 17:00 (CET) on April 21, 2015, at the Offer Price in accordance with Swedish law. Canon further declares that it will neither increase the Offer Price nor purchase any Axis shares at a price exceeding the Offer Price following the Offer.