IRIS GIVES UPDATE ON CANON'S PLANNED EU44.50/SHR TAKEOVER OFFER

(The following press release from IRIS Group SA was received by e-mail. The sender verified the statement.)

Update on competition approvals by the European Commission regarding the

proposed acquisition of I.R.I.S Group S.A. by Canon Europa NV

Louvain-la-Neuve, January 23, 2013 – Reference is made to the press

release by Canon Europe dated 29 November 2012 in respect of the decision

of the European Commission to accept the request for referral of the case

made by the Belgian Competition Authority.

Canon filed a merger control notification with the European Commission on

14 January 2013.  This is due process within the approval procedure. 

Canon expects  the competition approval process to be completed by early

March 2013, as, in principle, the European Commission has a review period

of 25 working days (which can be extended by 10 working days if the

parties offer commitments). Canon will continue to communicate any

significant developments in that respect.

Canon already received definitive merger control clearance from the

Norwegian competition authority on 26 November 2012.

Canon believes that the proposed bid will have no adverse effect on

competition and will benefit customers.  Canon plans to proceed with this

bid as soon as possible and senior management at both companies remain

committed to making this transition a success.

About I.R.I.S. Group

I.R.I.S.’ mission is to increase our customers’ productivity and knowledge

through helping them better manage their documents, data and information.

I.R.I.S. Products & Technologies develops technologies and products for

Intelligent Document Recognition and markets its portfolio on a worldwide

basis through strong partnerships. I.R.I.S. Professional Solutions enables

companies and administrations to find in one company the innovative

expertise and hightech solutions to efficiently manage documents,

information flows and IT infrastructure. I.R.I.S. has more than 500

employees based in Louvain-la-Neuve, Vilvoorde and Brasschaat (Belgium),

Orly (France), Windhof (Luxemburg), Amstelveen and Meerssen (The

Netherlands), Aachen (Germany), Delray Beach (USA), Hong‐Kong (China) ),

Copenhagen (Denmark) and Oslo (Norway). www.iriscorporate.com

Media Enquiries, please contact:

Denis Hermesse

CFO

I.R.I.S.

Tel: +32 (0) 10 487 460

Email: investors@iriscorporate.com