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FOR RELEASE 6/21/2010, Monday

One Bausch + Lomb Place to be Marketed for Sale 

ROCHESTER, N.Y. – Bausch + Lomb, the global eye health company, announced today it will seek a buyer for its One Bausch + Lomb Place building in Rochester, N.Y. The company will maintain its world headquarters in Rochester, where the company was founded 157 years ago.

Bausch + Lomb employees currently occupy just five of the 20 floors in the downtown office building. The other floors are leased to multiple unaffiliated businesses.

The building will be marketed for sale on the assumption that Bausch + Lomb will remain as a tenant on the floors that it currently occupies. The ideal scenario for the company is to transfer its corporate offices over time to Bausch + Lomb’s Optics Center on Rochester’s North Goodman Street, although the company will consider alternatives. The approximately one-million-square-foot Optics Center facility is the global center of Bausch + Lomb's Vision Care unit, its largest business. It presently houses contact lens manufacturing, research and development, and multiple other business functions.

“We remain committed to staying in Rochester, where our heritage is strong,” said Brent Saunders, CEO of Bausch + Lomb. “However, we are in the business of eye health, not real estate development and leasing.”

Construction was completed in 1995 on the $70-million-dollar downtown tower to house Bausch + Lomb’s corporate business functions, as well as its former sunglasses business. The company sold its sunglasses business to Luxottica in 1999. Since that time, Bausch + Lomb has successfully leased the majority of the premier downtown office space to several businesses.

“The availability of this iconic building presents a rare and tremendous opportunity for private investors and developers,” said Stephen Haupt, director of corporate real estate for Bausch + Lomb. “The immediate downtown location provides easy access on and off Interstate 490 for suburban clients, and the adjacency to the Midtown Rising project places the building at the heart of Rochester’s revitalization efforts.”

Bausch + Lomb employs approximately 1,600 people in Rochester and 11,000 people worldwide.

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About Bausch + Lomb
Bausch + Lomb is dedicated to bringing visionary ideas to eye health. Its core businesses include contact lenses and lens care products, ophthalmic surgical devices and instruments, and ophthalmic pharmaceuticals. The Bausch + Lomb name is one of the best-known and most respected healthcare brands in the world. Founded in 1853, the company is headquartered in Rochester, N.Y., and employs more than 10,000 people worldwide. Its products are available in more than 100 countries. More information is available at www.bausch.com.