Canon Announces Exciting Spring Promotions on Cameras, Lenses, Accessories, Binoculars, and DV Camcorders.

Business Editors

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--April 2, 2003

Canon U.S.A., Inc. a subsidiary of Canon Inc. (NYSE:CAJ) recently announced their Spring Rebate Program for its line of consumer products.

The announcement of these product rebates comes at a time of year that is full of gift-giving celebrations including Mother's Day, Father's Day, and graduations. It is also an ideal time to consider the perfect camera, camcorder, or binoculars for the long-awaited summer vacations, barbecues, or any other special event or gathering you want to record and save forever.

Whether it's capturing the baseball championship game with a conventional 35mm EOS camera, recording high school graduations with a DV camcorder or viewing the shoreline from your boat with a pair of Image Stabilizer binoculars, Canon has a special offer on the products that will help make this year fun and memorable for years to come.

The following mail-in rebates are currently available from Canon's Spring Rebate program. Full explanations of Canon's Spring promotions are available at www.usa.canon.com.

Cash in with Canon rebate (April 1-July 31, 2003)(a)

Purchase great Canon photographic products and receive cash back. Consumers purchasing select EOS 35mm SLR cameras, lenses, accessories or Image Stabilizer binoculars from April 1, 2003-- July 31, 2003 can receive cash back rebates direct from Canon.

Digital Video (DV) Camcorder Rebates

Optura 10 / Optura 20 Consumer Rebate Promotion (April 1- June 30, 2003)(a)

Purchase a Canon Optura 10 or Optura 20 DV camcorder and receive a Pinnacle Studio 8 SE video editing software package free. A $79.99 retail value.

Elura 40MC and Elura 40MC / CP-10 Consumer Rebate Promotion (April 1-April 30, 2003)(a)

Purchase an Elura 40MC DV camcorder and receive $100 plus a free copy of Pinnacle Studio 8 SE video editing software. Purchase an Elura 40MC DV camcorder and CP-10 printer and receive $200 plus the editing software.

Optura 200MC and Optura 200 MC / CP-100 Consumer Rebate Program (April 1-August 31, 2003)(a)

Purchase an Optura 200MC DV camcorder and receive a free copy of Pinnacle Studio 8 SE video editing software. Purchase the Optura 200MC and CP-100 printer and receive $100 plus the editing software.

ZR 60, ZR 65MC and ZR 70MC Consumer Rebate Program (February 14- June 30, 2003)(a)

Purchase ZR 60, ZR 65MC or ZR 70MC DV camcorder and receive a free copy of Pinnacle Studio 8 SE video editing software. A $79.99 retail value.

LV-7350 and LV-7355 Projector Rebate Program (March 17-June 30, 2003)(a)

Purchase a Canon LV-7350 or LV-7355 video projector and receive a free replacement lamp. A $520.00 retail value.

With all of these great offers, Canon is making photography and video choices easier and more affordable. Now is a great time to buy a Canon product.

For more information about these, and other promotions, log onto www.usa.canon.com.

Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. The Company is listed as one of Fortune's Most Admired Companies in America, and is ranked #41 on the Business Week list of "Top 100 Brands." Its parent company Canon Inc. (NYSE:CAJ) is a top patent-holder of technology, ranking second overall in the U.S. in 2002, with global revenues of $24.5 billion. Canon U.S.A. employs approximately 11,000 people at over 30 locations. For more information, visit www.usa.canon.com.

All referenced product names, and other marks, are trademarks of their respective owners.

(a) Only purchases from an authorized Canon U.S.A. dealer in the

United States are eligible. Please visit your nearest

authorized Canon U.S.A. dealer or log onto www.usa.canon.com

for full details and restrictions.