Bausch & Lomb Incorporated and Consolidated Subsidiaries - Page 6

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          for a specific prescription and to fit an individual face, and              
          are assembled by retail optical shops.  In contrast, sunglasses             
          have noncorrective lenses, are tailored to fit a standard face,             
          and are assembled prior to reaching the retailers.  B&L discon-             
          tinued its prescription eyeglasses product line during 1981.  As            
          of 1987, B&L performed manufacturing or marketing operations in             
          25 countries and its products were distributed in over 70 coun-             
          tries.                                                                      
               B&L began manufacturing and selling soft contact lenses                
          during 1971.  Prior to 1980, B&L's only manufacturing facility              
          that had the ability to produce soft contact lenses using the               
          spin cast process was located in Rochester (Rochester facility).            
          B&L determined that it was prudent to establish additional soft             
          contact lens manufacturing capacity overseas in order to minimize           
          regulatory delays, establish an alternative supply source to the            
          Rochester facility, and have a facility capable of more effi-               
          ciently serving the increasingly important European markets.                
          Because of incentives, including tax benefits, offered by the               
          Government of the Republic of Ireland (Ireland) to induce com-              
          panies to establish manufacturing facilities in Ireland, it was             
          determined that B&L could realize those objectives most cost                
          effectively in Ireland.  Accordingly, for valid business reasons,           
          on February 1, 1980, B&L Ireland was incorporated under the laws            
          of Ireland to manufacture contact lenses.  B&L Ireland's contact            





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