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Olympus Appoints Stewart Muller as Group Vice President for Consumer Products Group

Melville, NY - Olympus America Inc., the world leader in film and filmless photography, announced the appointment of Stewart Muller to Group Vice President of the Consumer Products Group at Olympus America Inc. He will assume complete responsibility for the Consumer Products Group, which includes the popular line of CAMEDIA digital cameras and printers, 35mm cameras and audio products.

"Stewart's capabilities make him an ideal person to lead Olympus into the consumer marketplace," said Mark Gumz, President and COO of Olympus America Inc. "Our digital business is facing a critical point and his invaluable experience as Executive Director, Sales of this group will compliment what is already an outstanding array of consumer products."

Muller was originally responsible for the strategic account business at Olympus where he helped develop a strong and successful distribution channel for digital products, and was promoted to Executive Director, Sales in January 2001. His team-building and revenue-generating attitude have driven the Olympus market share in all major U.S. retailers. He has also been very instrumental in creating and implementing structured business processes that have and will continue to improve the company's operating income performance.

Muller joined Olympus America Inc. in 1997, coming from Apple Computer. He holds a B.A. in Business Management from Georgetown University.

About Olympus America Inc.
Olympus America distributes a wide range of products for consumer, scientific, health care, commercial and industrial markets. These include film and Digital cameras, Microcassette and digital voice recorders, binoculars, personal photo printers, medical and industrial endoscopes, biological and metallurgical microscopes and measuring instruments, clinical analyzers, and other high technology products. Olympus America is responsible for sales in United States, Canada, Mexico, the Caribbean, and Central and South America.

For more information, contact Olympus America, Consumer Products Group, Two Corporate Center Dr., Melville, NY 11747-3157, Phone: (631) 844-5000 (800) 622-6372, Fax: (631) 844-5262.