At a meeting of its board of directors held on April 28, Seiko Epson Corporation (TSE: 6724, "Epson") resolved on a share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3 of the same act, and implemented the share repurchase. Details of the share repurchase are as follows.

(1) Class of shares to be repurchased

Ordinary shares

(2) Total number of shares purchased

(3) Total repurchase amount

4,100,881,500 yen

(4) Repurchase period

May 2, 2016 to May 31, 2016 (on an execution base)

(5) Repurchase method

By securities company using discretionary method

Details of the resolution at board of directors meeting held on April 28, 2016.

(1) Class of shares to be repurchased

Ordinary shares

(2) Total number of repurchasable shares

7 million (maximum) (1.95% of the total number of issued shares (excluding treasury stock))

(3) Total repurchase amount

10 billion yen (maximum)

(4) Repurchase period

May 2, 2016 to June 30, 2016

(5) Repurchase method

By securities company using discretionary method

Total number of shares repurchased based on resolution of aforementioned board of directors' meeting (as of May 31, 2016)

(1) Total number of shares purchased

(2) Total repurchase amount

4,100,881,500 yen