Osaka and Tokyo, September 25, 2002 - Minolta Co., Ltd. and Fujitsu Limited today announced that the two companies have signed an information systems outsourcing agreement. In conjunction with this agreement, the two companies established a joint venture, called FAMOUS Co., Ltd., on September 20, 2002 to advance their business alliance in information technology (IT) services, including system consulting and system architecture. The new company will start operation on October 1, 2002.

The effective use of IT has become an increasingly important determinant of the growth potential and competitiveness of a company. Strategic uses of IT and improvement in the quality of information systems, as well as maximization of investment in IT, have become major concerns.

Responding to these concerns, FAMOUS Co., Ltd. will provide outsourcing services to Minolta and its group companies in order to promote strategic use of IT, improve the quality of IT services, optimize IT investment, and develop new system architecture. At the same time, leveraging Minolta's accumulated know-how in information systems and Fujitsu's strong sales power and advanced technology, the new joint venture plans to expand sales to outside companies focusing on SAP/R3(*1) consulting.

Minolta has comprehensive experience and achievements in establishing worldwide Enterprise Resource Planning (ERP) by employing SAP/R3 in its business-critical systems. Minolta also has expertise from years of experience in the engineering systems field, including Computer Aided Design (CAD) and Product Data Management (PDM). Fujitsu has outstanding technological capabilities, as well as management skills and know-how in the IT services business. Bringing together the advantages of both companies, FAMOUS Co., Ltd. aims to become a competitive IT services company in its own right.

The new joint venture will initially focus on business with Minolta and its group companies, but it plans to expand the scope of its services to appeal to other companies, aiming at an outside sales ratio of 50% in five years.

About Minolta
Minolta Co., Ltd. (TSE 7753) is a leading manufacturer of image information and optical products with operation bases in 33 countries worldwide. Group sales for the period ended March 2002 totaled 510 billion yen, 80% from overseas sales. Placing major emphasis on the business of photocopiers and laser printers, especially in the field of color output, Minolta's color models provide efficient document processing for high customer satisfaction. With a strong core of optical and image processing technologies developed over many years, Minolta aims to be a corporation that offers products and services that are indispensable to all aspects of the digital imaging field.
Internet: http://www.minolta.com/

About Fujitsu
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, high-reliability/performance computing and telecommunications platforms, and a worldwide corps of systems and services experts make Fujitsu uniquely positioned to unleash the infinite possibilities of the broadband Internet to help its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5 trillion yen (about US $38 billion) for the fiscal year ended March 31, 2002.
Internet: http://www.fujitsu.com/

[Press Contacts]
Toshihiro Osaka Minolta Co., Ltd. Corporate Communications & Investor Relations E-mail: webmaster@minolta.co.jp	Mayumi Umeno, Robert Pomeroy Fujitsu Limited Public & Investor Relations Tel: +81-3-3215-5259 (Tokyo) Fax: +81-3-3216-9365 Press Inquiries

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