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ots Ad hoc-Service: Leica Camera AG <DE0006460009>

Solms/Frankfurt (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Leica Camera AG,
Solms/Germany is to sign a contract with Matsushita Electric
Industrial Co., Ltd., Osaka/Japan on close technological cooperation
in the field of digital applications for lenses. This will cover the
joint development and joint production of optical systems for
high-end camcorders under the Matsushita brand Panasonic. The
contract is a result of negotiations ever since 1998 and the
Matsushita Group's long- standing relationship as supplier to Leica
Camera AG. The management board of Leica Camera AG approved the final
version of the contract ready for signature in its meeting of August
4th, 2000. Products resulting from the cooperation will already make
a positive contribution as yet not exactly definable to the financial
result of Leica Camera AG in the business year 2000/2001.
For further informations: Leica Camera AG, Gero Furchheim, Tel. +
49 (0) 6442 208-409, Fax + 49 (0) 6442 208-410, E-Mail: 
Furchheim.cpr@leica-camera.com

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