Advanced Medical Optics (EYE)

Eye Care Sales

Eye care sales declined 8.5 percent, to $300.9 million in 2005 and 26.0 percent to $66.4 million in the fourth quarter. Foreign currency impacts decreased fourth quarter sales by 4.9 percent and had virtually no impact on full year 2005 sales. Soft performance in Japan, along with accelerated rationalization of non-strategic products overshadowed positive results in the U.S. and Asia Pacific. Excluding Japan, 2005 eye care sales rose 2.1 percent, reflecting demand for AMO’s branded multipurpose solution and rewetters. Below are highlights of AMO’s eye care product categories. Growth rates reflect comparisons to the same periods in 2004 and include the impacts of foreign currency:

•             In 2005, multipurpose solution sales declined 1.4 percent to $154.7 million. Fourth-quarter sales declined 28.6 percent to $32.0 million. Results reflected primarily growth of the company’s flagship COMPLETE®MoisturePLUS® brand in the U.S. and Asia Pacific markets, and declines in Japan. Excluding Japan, sales of COMPLETE® branded products rose 14.2 percent in 2005.

•             Sales of hydrogen peroxide solutions declined 22.2 percent in 2005 to $79.2 million. Fourth-quarter sales fell 29.8 percent to $18.5 million. Results reflected the continuing contraction of the global hydrogen peroxide market, which is concentrated in Japan and parts of Europe. AMO derived approximately 50 percent of its hydrogen peroxide sales from Japan in 2005.

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Eye Care Sales

Eye care sales declined 8.6 percent in the quarter to $77.6 million, including a 0.3 percent positive impact related to foreign currency. During the quarter, AMO witnessed a sharper-than-expected decline in the global hydrogen peroxide market, which impacted its eye care business in Japan and parts of Europe. Further impacting results was a more dynamic shift in the Japanese contact lens market, where strong daily disposable lens growth affected multipurpose solution sales as well. AMO’s eye care sales outside of Japan rose 6.5 percent. Other

AMO Announces Third Quarter 2005 Results – Page 3

quarterly eye care sales highlights are provided below. Growth rates reflect comparisons to the same period in 2004.