Funai acquiring Lexmark's inkjet-related technology and assets

        Funai acquiring Lexmark's inkjet-related technology and assets

- Amount of sale is approximately $100 million (approximately JPY 9.5 billion)

- Inkjet-related assets sold include more than 1,500 U.S. and foreign-based
patents, output and imaging technologies, and manufacturing location in the
Philippines

- Lexmark remains focused on its continued transition from a hardware-centric
to a solutions-centric company

PR Newswire

LEXINGTON, Ky., April 1, 2013

LEXINGTON, Ky., April 1, 2013 /PRNewswire/ --Funai Electric Company, Ltd.
(TSE/OSE 6839) today announced that it has signed an agreement to acquire
Lexmark International, Inc.'s (NYSE: LXK) inkjet-related technology and assets
for approximately $100 million (approximately JPY 9.5 billion).

Upon closing of the transaction, Funai will acquire more than 1,500 inkjet
patents, Lexmark's inkjet-related research and development assets and tools,
all outstanding shares and the manufacturing facility of Lexmark International
(Philippines), Inc., and other inkjet-related technologies and assets. Through
this transaction, Funai will acquire the capabilities to develop, manufacture
and sell inkjet hardware as well as inkjet supplies. The transaction is
subject to customary closing conditions and is expected to close within the
first half of 2013.

As an OEM manufacturer, Funai has manufactured inkjet hardware for Lexmark
since 1997 and the companies have established a strong relationship over that
time.

The acquisition of the inkjet-related technology and assets will enable Funai
to launch new inkjet hardware and supplies under Funai's own brands. Funai has
established a strategy to develop and grow its inkjet printer business by
introducing Funai's own inkjet printers and supplies into the market. With the
inkjet patents, state-of-the-art manufacturing facilities and comprehensive
R&D capabilities, Funai will be able to accelerate the expansion of its inkjet
business.

For Lexmark customers and distributors, there will not be a disruption of
service or support as they continue to work directly with Lexmark. Funai will
become a manufacturer of Lexmark's aftermarket inkjet supplies. Lexmark will
continue to support its installed base of customers in the sale of aftermarket
inkjet supplies and will continue to provide customer technical and warranty
support.

Goldman, Sachs & Company acted as the exclusive financial advisor to Lexmark
on this transaction.

Supporting Quotes:

"This transaction provides us with a crucial and tremendous opportunity to
enhance our office solution business," said Funai president and chief
executive officer, Tomonori Hayashi. "Funai and Lexmark have developed a great
partnership, and we are glad to take over Lexmark's inkjet-related technology
and assets. The acquisition of the inkjet-related technology and assets
enables Funai to start and grow our own inkjet business. Funai will benefit
from the strong inkjet business platform that Lexmark has established."

"As we continue our transition to becoming a leading end-to-end solutions
provider, this transaction essentially completes our exit from the ownership
of inkjet-related assets, although we will continue to support our existing
customer base with the sale of inkjet supplies," said Paul Rooke, Lexmark
chairman and chief executive officer. "Funai has been a trusted partner of
Lexmark's since 1997, and I am fully confident in Funai's ability to deliver
high-quality inkjet supplies for Lexmark."

About Funai Electric Company, Ltd.
Funai Electric Company, Ltd., established in 1961, is headquartered in Osaka,
Japan and is listed in the Tokyo and Osaka Securities Exchange First Section
(6839). In addition to the consumer electronic product brands sold by FUNAI
Corporation in the USA and the products sold by other FUNAI sales and
marketing companies in Japan, Asia, Europe, and South America, Funai Electric
Company, Ltd. is a major original equipment manufacturer (OEM) supplier for
consumer electronics, computer, and computer peripheral companies on a global
basis. For more information on the Funai group, please visit
www.funaiworld.com.

About Lexmark
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with
a broad range of printing and imaging products, software, solutions and
services that help customers to print less and save more. Perceptive Software,
a Lexmark company, is a leading provider of process, intelligent capture and
content management software thathelps organizations fuel greater operational
efficiency. In 2012, Lexmark sold products in more than 170 countries and
reported $3.8 billion in revenue.

To learn more about Lexmark, please visit www.lexmark.com. For more
information on Perceptive Software, please visit www.perceptivesoftware.com.

For more information on Lexmark, see the Lexmark Facebook page and follow us
on Twitter.

For more information about Perceptive Software, please visit the company's
Facebook and Twitter profiles.

Lexmark and Lexmark with diamond design are trademarks of Lexmark
International, Inc., registered in the U.S. and/or other countries. All other
trademarks are the property of their respective owners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this release which are not historical facts are
forward-looking and involve risks and uncertainties which may cause Lexmark's
actual results or performance to be materially different from the results or
performance expressed or implied by the forward-looking statements. Factors
that may impact such forward-looking statements include, but are not limited
to, continued economic uncertainty related to volatility of the global
economy, inability to execute Lexmark's strategy to become an end-to-end
solutions provider; market acceptance of new products; inability to realize
all of the anticipated benefits of Lexmark's acquisitions; failure to
successfully integrate newly acquired businesses; fluctuations in foreign
currency exchange rates; decreased supplies consumption; possible changes in
the size of expected restructuring costs, charges, and savings; aggressive
pricing from competitors and resellers; changes in Lexmark's tax provisions or
tax liabilities; the inability to develop new products and enhance existing
products to meet customer needs on a cost competitive basis; reliance on
international production facilities, manufacturing partners and certain key
suppliers; increased investment to support product development and marketing;
the financial failure or loss of business with a key customer or reseller;
periodic variations affecting revenue and profitability; excessive inventory
for Lexmark's reseller channel; failure to manage inventory levels or
production capacity; credit risk associated with Lexmark's customers, channel
partners, and investment portfolio; entrance into the market of additional
competitors focused on imaging and software solutions, including enterprise
content management, intelligent capture and business process management
solutions; inability to perform under managed print services contracts;
increased competition in the aftermarket supplies business; fees on Lexmark's
products or litigation costs required to protect Lexmark's; inability to
obtain and protect Lexmark's intellectual property rights and defend against
claims of infringement and/or anticompetitive conduct; the outcome of
litigation or regulatory proceedings to which Lexmark may be a party;
unforeseen cost impacts as a result of new legislation; the inability to
attract, retain and motivate key employees; changes in a country's political
or economic conditions; the failure of information technology systems,
including data breaches or cyber attacks; disruptions at important points of
exit and entry and distribution centers; business disruptions; terrorist acts;
acts of war or other political conflicts; or the outbreak of a communicable
disease; and other risks described in Lexmark's Securities and Exchange
Commission filings. Lexmark undertakes no obligation to update any
forward-looking statement.

SOURCE Lexmark International, Inc.

Website: http://www.lexmark.com
Contact: John Morgan, Lexmark Investor Relations, (859) 232-5568,
jmorgan@lexmark.com, or Jerry Grasso, Lexmark Corporate Communications, (859)
232-3546, ggrasso@lexmark.com; or Toru Fujii, Funai Corporate Communications,
investor_relations@funai.co.jp
 
Press spacebar to pause and continue. Press esc to stop.