NEWS RELEASE

February 2, 2015
Nippon Avionics Co., Ltd.

Notice Regarding Commencement of Negotiations
For Transfer of Industrial Measuring Instruments Business

Nippon Avionics Co., Ltd. (Head office: Shinagawa-ku, Tokyo, Japan; President: Katsuhiko Akitsu; hereinafter referred to as the "Company") announces that it has concluded a basic agreement with A&D Company, Limited (hereinafter referred to as "A&D") with regard to the transfer of the Company's industrial measuring instruments business, thereby commencing negotiations toward the establishment of an official business transfer agreement. Details are as follows:

1. Purpose of business transfer

A&D, a transferee whose main business is the production and sales of measurement/weighing equipment as well as medical/healthcare equipment, agreed to enter into negotiations with the prospect of enhancing its measurement equipment product portfolio and customer base through the acquisition of the Company's industrial measuring instruments business.

The Company, a transferor whose industrial measuring instruments business is comprised of the development and sales of measuring instruments and systems that convert physical quantities, such as amounts of distortion, pressure, and acceleration, into electric signals, storing them as wave-form records and digital data, agreed to enter into negotiations to achieve the concentration of its management resources, as well as the future growth and development of the business.

2. Outline of business transfer

Going forward, the companies will hold discussions to decide on issues such as the concrete details and methods pertaining to the transfer of the Company's measurement business to A&D.

3. Schedule

The companies will hold discussions to fix a date for the business transfer, targeting May 2015 as the month of the transfer.

For further information on this matter, please contact:

Corporate Planning Department
Management Coordination Division
Nippon Avionics Co., Ltd.

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