About Shimadzu

On September 15, 2006, Shimadzu Corporation (Kyoto) and GL Sciences Incorporated (Tokyo) agreed to cooperate in operations related to analytical instruments and physics and chemistry equipment. They also agreed to cooperate financially, where Shimadzu will hold over 5% of the total outstanding GL Sciences stock and GL Sciences will hold approximately 100 million yen worth of Shimadzu stock.

In markets for analytical instruments and physics and chemistry equipment, the respective strengths of these two companies tend to complement each other. Shimadzu’s strength is their analytical instrument product offering and their sales network in both Japan and other countries, whereas the strengths of GL Sciences are their offering of pretreatment equipment and consumables, their ability to develop applications, and their far-reaching sales network in Japan.

In addition to mutually holding each other's stock, the purpose of this business alliance is to build a relationship of mutual trust and cooperation, through jointly developing new products and technologies and then jointly selling these products in Japan and other countries. This relationship is expected to result in further development of their respective operations.

Overview of the Cooperation Agreement

The following is an outline of the cooperation agreement, with details to be determined later by both parties.

1.International Sales
A combination of Shimadzu analytical instruments and GL Sciences pretreatment equipment and apparatus will be marketed jointly, primarily in the China market, and a joint-sales venture will be established primarily to sell parts and consumables.

2.Japanese Sales
Joint-sales activities, including joint exhibitions, seminars, and training sessions, will be promoted.

3.Product and Technology Development
New products and technologies will be jointly developed by combining each company’s areas of strength.