Large 2.5-Inch LCD, 5-Megapixel CCD, and All-Weather Design Combines with New Advanced Features and Functions

Melville, New York, November 29, 2004 – Olympus is proud to announce the next generation in its best-selling Stylus series of premium point-and-shoot digital cameras: the Stylus 500. Featuring an impressive 2.5-inch HyperCrystal™ LCD that is as bright as it is big, 5.0-megapixels of image resolution, and a compact, durable, all-weather body, the Stylus 500 demonstrates that power and elegance can co-exist in a stylish package that delivers brilliant images.

“At Olympus we believe that great design is fundamental to the functionality of our cameras,” said Tomoko Matsunaga, product manager, Olympus Imaging America Inc. “When you merge superior performance with exceptional style, the result is an elegant looking camera that performs at the top of its class. With the introduction of the Stylus 500, Olympus has added advanced features and power to the lineup, such as a large, high quality LCD, 23 shooting modes and Album functionality.”

Designed to Do More
The bright, clear 2.5-inch HyperCrystal™ LCD with 215,000 pixels of high resolution puts the Stylus 500 in a class of its own. Because it is a HyperCrystal™ LCD, it delivers a high contrast image and 160° wide-view radius. So gather your friends around – your photos are viewable from above, from the side, and from below. And while conventional LCD screens appear dim against bright light, the HyperCrystal™ LCD provides excellent visibility in any light condition – on the beach or on the slopes.

The Stylus 500 Digital combines a 5.0-megapixel CCD sensor with Olympus’ exclusive image processor, TruePic TURBO™, which significantly enhances image quality and delivers faster overall processing speeds for rapid startup, shutter release and playback. TruePic TURBO allows the Stylus 500 to capture information from all 5.0 million pixels with pixel “micro-smoothing” that delivers clearer and more color-accurate photos, even at lower resolutions. The result is high quality prints that can be cropped and printed to 11 x 14 inches and larger. The fast startup of less than one second and nearly instant shutter release time ensures high-speed response so you are always ready to take great pictures.

The compact, all-weather Stylus 500 can go virtually anywhere you can. The body is constructed of durable, lightweight metal with rubber gaskets throughout the interior to ensure that rain, sleet, snow or sand won’t get in the way of great photos.

Delivering Style
The Stylus 500 represents the next generation of the Stylus line. In addition to the durable, all-weather construction that made the Stylus famous, the Stylus 500 boasts a new flat-surface body design that takes the series in a new direction.

The look of the Stylus 500 is all about clean lines. Smooth, rounded edges make the camera comfortable to hold and easy to handle, and at a compact size of 3.9” (W) x 2.2” (H) x 1.2” (D), it fits snugly into a pocket and will not crowd a backpack. The circular lens barrier tucks away inside the camera body with a snap when powered on, and protects the lens with an impenetrable seal when closed, leaving the camera face smooth and flat. The back of the camera features a simple, functional design that emphasizes the large 2.5-inch LCD.

Designed for Excitement
The Stylus 500 offers advanced features with point-and-shoot simplicity for taking flawless pictures. Designed to perform during a variety of occasions, 23 easy-to-use shooting modes can be accessed through the camera’s menu, providing fully automatic exposure adjustments for shooting Portraits, Landscapes, Fireworks, and more. The camera’s shooting modes now include two new underwater shooting modes and two Shoot & Select modes, which enable users to shoot rapid sequences of frames then select the best shot from the series and delete the rest.

The Stylus 500 will change the way you view your digital camera. Now instead of simply capturing images with the Stylus 500, you can think of it as a “Portable Photo Album” that goes wherever you go. With a new Album Function, photos can be easily organized into photo albums stored on the camera’s xD-Picture CardTM. Create up to 12 individual albums of 100 images each, in the order you want to show them, and take your photos everywhere – your photo album will no longer be confined to your coffee table.

Intelligent Design
Olympus photos are known worldwide for sharp, vibrant image quality. This is achieved through a number of key technologies, such as Olympus’ high-quality all-glass lens (with aspherical lens elements), designed specifically for digital cameras. The lens provides the equivalent of 35 to 105mm, f3.1 – f5.2 in 35mm photography, with 12x combined total zoom (3x optical and 4x digital) to bring the action closer, and a Super Macro Mode that captures details as small as the wings of a butterfly.

The Stylus 500 also features an all-weather speaker and microphone, enabling users to narrate images with personalized audio captions. With its QuickTime® Movie Mode, the Stylus 500 can record movies of any length, limited only by the size of the memory card in the camera.

Designed to be Approachable
Connecting the Stylus 500 to a computer is easy with the USB Auto Connect feature, which connects directly via USB 2.0 cable and requires no software. Or, If you prefer, forget the computer altogether. The power of PictBridge technology enables photos to be printed directly from the Stylus 500 to any PictBridge-enabled printer, such as the Olympus P-10 Digital Photo Printer, without using a computer. Printing and sharing images has never been easier, and the P-10’s photo lab-quality dye-sublimation printing produces archival-quality prints in rich color.

OLYMPUS Master™ software provides the ultimate in digital imaging management. An intuitive user interface makes downloading to your computer quick and simple, and images are searchable by date or keyword in the Calendar View. And with one-click editing tools, such as red-eye reduction, images can be touched up before printing or emailing. Online support, templates, firmware upgrades and other user services are just a mouse-click away.

Availability
The Stylus 500 will be available in January 2005. It includes: 32MB xD-Picture Card, Wrist Strap, Camera WIN/Mac USB Cable, Audio/Video cable, Li-12B Li-Ion Rechargeable Battery and Charger, Quick Start Guide, Basic Instruction Manual, Warranty Card, CD-ROM with OLYMPUS Master Software, and Camera reference manual.

U.S. Pricing
Stylus 500 Estimated Street Price: $399.99 (U.S.)

ABOUT OLYMPUS IMAGING AMERICA INC
Olympus Imaging America Inc is a precision technology leader, designing and delivering award-winning products for consumer and professional markets.

Olympus Imaging America works collaboratively with its customers and its parent company, Olympus Corporation, to develop breakthrough technologies with revolutionary product design and functionality that enhances peoples lives every day. These include:

• Digital and film cameras
• Professional SLR Imaging Systems
• Digital and Microcassette recorders
• Digital Music Players
• Personal Photo Printers
• Digital Print Kiosks
• Digital Video Projectors
• Digital Media
• Binoculars

Olympus Imaging America Inc is responsible for sales in United States, Canada, Mexico, the Caribbean, and Central and South America. For more information, visit. www.olympusamerica.com.

*Specifications and design are subject to change without any notice or obligation on the part of the manufacturer.
All trademarks mentioned herein are the property of their respective holder.
©2004 Olympus America Inc.

####