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Corporate Information

Stock Listing:
The common stock is listed on the New York Stock Exchange with the trading symbol NSH.

Shareholder Relations
To receive further information about Nashua Corporation, please contact:

William J. Manning
Assistant Treasurer
Nashua Corporation
44 Franklin Street
Nashua, New Hampshire 03061-2002
Telephone: (603) 880-2736
Facsimile: (603) 880-5860

Transfer Agent and Registrar
The First National Bank of Boston is the Transfer Agent and Registrar of the Company's common stock and maintains shareholder accounting records. Inquiries regarding lost certificates, dividend payments, consolidation of accounts, and changes in address, name or ownership should be addressed to:

The First National Bank of Boston
c/o Boston EquiServe
Mail Stop 45-02-09
P.O. Box 644
Boston, Massachusetts 02102-0644
Telephone: (617) 575-3170

Form 10-K and Other Reports
A copy of our Form 10-K, additional copies of the Annual Report and copies of our quarterly Form 10-Qs may be obtained without charge upon request to:

Shareholder Relations
Nashua Corporation
P.O. Box 2002
Nashua, New Hampshire 03061-2002

Dividend Reinvestment Plan
A Dividend Reinvestment Plan is available to all record shareholders. The Plan provides a means of regular dividend reinvestment and includes a voluntary cash payment option for purchase of additional shares. For enrollment information contact:

The First National Bank of Boston
c/o Boston EquiServe
Mail Stop 45-01-06
P.O. Box 1681
Boston, Massachusetts 02105-1681
Telephone: (617) 575-3170



Annual Report Highlights

1996 was a year of simplifying, streamlining, focusing.

We re-established our financial strength, positioning us to rebuild our continuing businesses. Difficult decisions were made and we delivered on our promises.

A cultural shift is in process.

Nashua has learned that a business cannot be cost-reduced to prosperity. As a specialty imaging company and direct marketer of value-added, niche products, Nashua is on the road to profitability.

Today, we are focused on customers.

Nashua's rebuilding is being done step-by-step with a singular goal:
deliver an attractive return for shareholders.

We are exploring ways to blend our capabilities to serve customers in extraordinary ways.

Sustained performance, yielding accelerated growth, increased profitabilty and a high return on investment, is our ongoing objective.

Changed the fundamentals.

  • Strengthened the management team by adding key senior executives.
  • Realigned the Commercial Products Group salesforce to increase responsiveness to customers.
  • Saved more than $6 million by improving operational efficiencies.

Narrowed our focus.

  • Sold the Tape Products Division and the mainland European photo business.
  • Announced plans to divest the OPC drum and liquid toner product lines.
  • Sold a majority interest in Cerion Technologies (formerly Nashua Precision Technologies, a materials-finishing business), generating $39.3 million in gains.
  • Started the process of determining how each business should be positioned strategically to maximize its long-term value.

Accelerated product offerings.

  • Introduced York FotoFloppy™ in the United States, the first in a series of new digital-imaging services.
  • Began repositioning and strengthening York Photo's brand image.
  • Launched a York Photo website at www.yorkphoto.com.
  • Brought four toner and two laser cartridge products to market.

Developed state-of-the-art capabilities.

  • Installed and began running a new flexible toner line – the first large scale, state-of-the-art investment in years.
  • Committed to major equipment and technology improvements that will add new label converting presses, computer-aided equipment for printing plates and expanded packaging capabilities.
  • Made an initial investment in Advanced Photo System (APS) processing technology.

Improved our fiscal health.

  • Reduced the Company's debt to $2.9 million from $68.9 million at year-end 1995.
  • Generated approximately $6 million of cash flow from continuing businesses (net of investments and excluding restructuring and other unusual charges) through tightly controlled spending and disciplined asset management.

Questions? E-mail: info@nashua.com

Copyright © 1997 Nashua Corporation. All Rights Reserved.