“Shimano is disappointed in the jury’s verdict. It represents a sad day for
consumers of high quality, reasonably priced bicycle components. The verdict is not
supported by the evidence or the law. Shimano definitely will appeal and is confident
this verdict will be reversed,” Yoshizo Shimano, Shimano’s president.

“Shimano has always sought to operate lawfully and will continue to do so in
every country in which it does business. Shimano has a long history of supporting
the bicycle industry and it will continue to make substantial contributions to bicycling,
notwithstanding the jury’s erroneous verdict,” Shimano added.