Ricoh Corporation Appoints Thomas Salierno President of Ricoh U.S.

Business Editors/High-Tech Writers

WEST CALDWELL, N.J.--(BUSINESS WIRE)--March 14, 2003

Katsumi Yoshida, Chairman and CEO of Ricoh Corporation announced today the appointment of Thomas Salierno Jr. as President of Ricoh U.S. effectively immediately.

Mr. Salierno replaces

Mr. Salierno will direct all sales, marketing, service, and support for Ricoh, Savin and Gestetner brands in the United States, as well as OEM sales and the strategic direction of the overall Ricoh U.S. organization. Ricoh U.S. was created in October 2002 by combining Ricoh Corporation's Ricoh and Savin Office Products Group units, Office Solutions Group, and four Ricoh Business Systems subsidiaries into a unified operating organization.

Before assuming his new position, Mr. Salierno served as Vice President of Finance and Operations for Ricoh U.S., and concurrently as President of Ricoh Business Systems. Prior to that, he was President and COO of Savin Corporation, a wholly owned subsidiary of Ricoh Corporation.

"I am pleased to have a person of Tom's leadership ability and vast experience in our industry to lead Ricoh U.S. into the future, and I have every confidence that together we will be successful in directing Ricoh's vision for continued growth and expansion in the United States," said Mr. Yoshida.

About Ricoh Corporation

Ricoh Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company Ltd., the 67-year-old leading supplier of office automation equipment and electronics, with fiscal year 2001 sales in excess of $14 billion.

The Company oversees Ricoh operations in North, Central and South America, including the Ricoh, Savin, Gestetner and Lanier brands. For fiscal year 2001, Ricoh Corporation sales exceeded $2.7 billion.

Ricoh Corporation is a leading provider of multifunctional document systems including color and black & white digital imaging systems, facsimile products, printers, scanners, digital duplicators and wide format engineering systems.

In 2003, Ricoh Company Ltd. received the Gold Medal Award from the World Environmental Center for International Achievement in Sustainable Development. The Gold Medal was given to Ricoh for demonstrating preeminent leadership and contributing to the worldwide environmental quality.

Information about Ricoh's complete range of products and services can be accessed on the World Wide Web at www.ricoh-usa.com.