| Ilford Inkjet Paper Acquisition |
 Oji Paper Co., Ltd has reached a basic agreement with Ilford International Holdings BV to acquire all shares in Ilford Imaging Switzerland GmbH, of which Ilford International Holdings is the sole owner. Details of Ilford Imaging Switzerland and the acquisition are provided below.Background Founded in 1879, the Ilford Imaging Group has established the Ilford name as one of the photographic industry’s most respected brands worldwide through its core businesses of manufacturing and marketing conventional photographic materials. Ilford Imaging Group has also kept pace with the accelerating transition from photo film to inkjet paper driven by the growing popularity of digital cameras. Having developed resin-coated glossy papers for printing digital-camera images with quality so superb it rivals that of conventional photographs, Ilford Imaging has built a solid position for itself in the industry. Ilford Imaging Switzerland is a manufacturer of the resin-coated glossy paper. The Oji Paper Group has been working for some time now to strengthen and expand its inkjet papers business and it anticipates the following synergies from its acquisition of Ilford Imaging Switzerland: · A successful blend of photo media manufacturing and papermaking technologies · A full product range that fulfills diversifying media requirements from home-use to professional-quality digital photography. Oji Paper Group is particularly interested in building a full inkjet-paper product lineup straddling both cast glossy and resin-coated glossy types, as well as securing for itself a large share of the top-quality photographic inkjet-paper market. Following the acquisition, Ilford Imaging Switzerland will retain ownership of intellectual property rights associated with Ilford, Ilford Imaging, and Ilford.com, as well as continue to use trademarks such as Galerie and Printasia. Outline of acquisition Seller Ilford International Holdings BV is a Dutch holding company and a wholly owned subsidiary of Ilford Imaging Ltd. of the UK, which is currently in administration. ILFORD Imaging Switzerland GmbH Corporate Profile Trade name: ILFORD Imaging Switzerland GmbH Location: Route de l’Ancienne Papeterie, Case Postale 160, CH-1723 Marly 1, Switzerland Main business: Production and marketing of glossy inkjet photo paper and display film Total assets: SFr 80 million at end-December 2004 Sales: SFr 150 million in fiscal year ended December 2004 Representative: David Peter Marshall Jones Fiscal year-end: December      
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About Ilford
ILFORD has been a major player in the development and manufacture of photo quality media for both inkjet printing and for photographic processes, and will continue to be so as more and more innovative ideas are realized. As one of the leading manufacturers of photo inkjet media we are able to see trends and developments in the market place and tailor our R&D and manufacturing resources to meet that demand.
Since 2005 ILFORD Imaging Switzerland GmbH is a part of the Oji Paper Co. Ltd. The entire process of taking images has become much more immediate and, as digital camera technology has improved, the demand for photo quality output has increased: ILFORD has risen to this challenge and has become one of the world's leading manufacturers of inkjet media for desktop and wide format applications.
ILFORD has a world class manufacturing facility in Switzerland. ILFORD is selling photo quality digital media to world leading retailers, allowing amateurs and professionals alike to produce photo quality images.
Building on photographic knowledge and expertise, ILFORD has developed inkjet media that have the look and feel of traditional photographs. We are one of the few companies in the world to have integrated research and development initiatives for dyes, inks and coated media used in photo quality inkjet printing, all leading to award winning products.
The unique market position that ILFORD holds ensures that all our photo quality media are compatible with all the latest inkjet printer models and manufacturers.
As a manufacturer, ILFORD is able to offer the flexibility and professional quality products that are demanded in today's market place. Our customers can take comfort in the knowledge they are dealing with one of the world's leading manufacturers, know where to direct their enquiries, and are therefore delighted in the products and services only a company that has been in the industry for over 100 years can offer.
