A friend of mine just got an EM5 II a few days ago. We played with it yesterday and today. Something odd is going on that we can't figure out. When you use the rear display to adjust exposure and begin changing either the shutter speed or aperture, neither the histogram nor the blinkies will react to the exposure change. So when you go -3.0 for example, the histogram will not move and the blinkies won't turn off even though the numbers will change from 0.0 to -3.0. When you take the shot and look at it, it is exposed -3.0. Thinking it was possibly a lens issue, we took his 12-40 lens off the EM5 II and put it on my EM5 and it worked fine. Also, took my O25 from the EM5 and put it on the EM5II and got the same results. Thinking we had set something in a deep menu, we did a full reset. It didn't change anything. Anyone else experience this, or know if we are missing something.