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Notice regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock under Article 178 of the Company Law of Japan)

FOR IMMEDIATE RELEASEJanuary 30, 2008

Company Name: OMRON Corporation
President and CEO: Hisao Sakuta
Stock ticker number: 6645
Stock exchanges: Tokyo, Osaka, Nagoya
(First Sections)
Contact: Hiroshi Oishi, General Manager Investor Relations Department
Phone: +81-3-3436-7170

OMRON Corporation (TOKYO: 6645; ADR: OMRNY; "the"Company") announced that its Board of Directors resolved today to cancel treasury stock pursuant to Article 178 of the Corporate Company Law of Japan.

  1. Reason for Cancellation

    As announced on October 30, 2007, OMRON's policy regarding treasury stock is to limit holdings toa maximum of 10% of total outstanding shares including treasury stock and cancel surplus holdings. As a result of a resolution made today to the Company has a policy of limiting treasury stock holding "to a maximum of 10% of total outstanding shares including treasury stock" and cancel surplus treasury stock.With the repurchase of 6 million shares resolved today, theof the Company's stock, OMRON's treasury stock holdingsis are expected to reach around approximately 11% of total outstanding shares (including treasury stock)at by the end of this fiscal year 2007. Accordingly, OMRON will cancel treasury stock equivalent to approximately 4% of outstanding shares (including treasury stock) in order to stay below this 10% ceiling and facilitate future stock repurchases.

  2. Details of Cancellation
    1. Type of shares to be cancelled
      Common stock of the Company
    2. Number of shares to be cancelled
      10,000,000 shares
      (4.01% of outstanding shares issued prior to cancellation (including treasury stock))
    3. Scheduled date of cancellation
      March 21, 2008

Reference

  1. Total number of the Company shares issued outstanding after cancellation (including treasury stock)
    239,121,372 shares
  2. Projected number of treasury stock after cancellation
    11,439,780 shares*

*based on the number of treasury stock as of December 31, 2007

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