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Management Change Notification

February 23, 2006


TOKYO, February 23, 2006—Fuji Xerox announced today that at its Meeting of the Board of Directors held on February 22, 2006, it unofficially decided that Yotaro Kobayashi, Chairman of the Board and Director, will retire from his office as of March 31, 2006 and be appointed as Chief Corporate Advisor, Fuji Xerox on April 1, 2006.


The Retiring Director as of March 31, 2006

New
Current
Name
Chief Corporate Advisor,
Fuji Xerox Co., Ltd.
Chairman of the Board and Director,
Fuji Xerox Co., Ltd.
Yotaro Kobayashi
To be appointed as Chief Corporate Advisor on April 1, 2006


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