Mitutoyo Corporation entered into the basic agreements with Leeport Machine Tool Co., Ltd. on Jan.21, 2011 in order to strengthen the business alliance in China through acquiring the share of Leeport Metrology Corporation up to 51% by two phases.

As for the execution of the Phase 1 transaction, Mitutoyo Corporation has purchased 700,000 shares of Leeport Metrology Corporation (10% of its issued shares) from Leeport Machine Tool Co.,Ltd. to hold 20% of the issued shares of Leeport Metrology Corporation as of May 31, 2011.