RICOH COMPANY, LTD. COMPLETES TENDER OFFER FOR ALL OF THE
OUTSTANDING SHARES OF LANIER WORLDWIDE, INC. COMMON STOCK
TOKYO, JAPAN and ATLANTA, GEORGIA, January 25, 2001 - Ricoh Company, Ltd. (TSE: 7752) and
Lanier Worldwide, Inc. (NYSE: LR) today announced the successful completion of the cash tender offer for all
outstanding shares of common stock of Lanier. The tender offer, which commenced on December 8, 2000,
expired at 12:00 midnight, New York City time, on Wednesday, January 24, 2001.
Ricoh has been advised by Mellon Investor Services, L.L.C., the Depositary for the tender offer, that a total of at
least 79,790,530 shares of Lanier common stock were validly tendered and not withdrawn prior to the expiration
of the offer. The number of shares tendered and not withdrawn represents at least 94.1% of the outstanding
shares of Lanier. All such shares have been accepted for purchase in accordance with the terms of the offer and
payment for these shares will be made promptly.
Ricoh intends to complete the acquisition of Lanier through a merger in which all shares of common stock not
validly tendered into the tender offer will be converted into the right to receive $3.00 per share in cash. Payment
of such amount will be made following the merger upon proper presentation of certificates formerly representing
shares to Mellon Investor Services, L.L.C., Paying Agent for the merger, together with a properly completed
letter of transmittal. Transmittal materials will be sent to stockholders following the merger.
Ricoh Company, Ltd., of Japan, is a leading provider of office automation solutions, with more than 67,300
employees worldwide and sales in excess of $14 billion in 2000. Ricoh is a recognized pioneer in the
development of network-connected digital multifunctional document systems and is a top supplier of diversified
office automation equipment and electronics.
With 1,600 sales and services locations, Lanier Worldwide, Inc. and its dealer and distributor network form