Does not work (blue screen)

Hello Sanjay -- NOT a good sign I'm afraid the 5E02 message is a PCB error.
I just checked a website for a manual with trouble shooting ideas to send you and the sites are full of 5E02 problems and the only solution appears to be - Take it back to a shop if under warrantee.
Problems were UK , USA & Australia -- (I use www.google.co.uk ) as my search engine and i typed
"olympus 5e02 error message" and it applied to non-focussing problems , no display etc
http://www.howtomendit.com/answers.php?id=120514
Here is one link as example -- Ray

The error message (D: 5e02) means that your lens is dying / dead. It just happened to mine and I was told that it could be repaired, but it would cost as much as a new camera. I've only had mine 2 years and I've been really careful with it, so I'm a bit annoyed, but I have used it a lot!

You must visit the dealer or Olympus techinican to solve it this ans the other codes.

Good luck.

lens is out of adjustment , try slapping the camera in your palm as your powering up, it might take a few times so be patient that should reset lens

a minha maquina não esta ligando, quando vou ligar ela aparece um codigo 5f08 e embaixo 5e02

error code is associated with the lens port... usually when the pressure against the lens when turning on

control panel problem... could be lens port... but needs to go to repair

i have the same problem with my camera it show 5foa 5f08 5e02 with the blue screen

this is the most common problem with the olympus cameras the lens has been knocked and by you pulling on the lens it sounds like you have done some damage to the motor that bring the lens in and out thats why its making that noise what you needed to do was move the lens either to the left or the right you will no when its fixed because the lens just pops out and the camera will be fine this works every time i just hope you havnt done to much damage alredy goodluck

same **** here.
D:
3402
8282
5f08
8282
de02

Turn on your camera, when the lense is opened, hold it till the blue screen appears, extend the lense to his maximum forcing it a little bit then when you turn off your camera, the noise won't be here. Turn on again your camera and hopes it works. I tried it on my camera, works well at the first try then again the error, i did it twice holding the lense when you turn it on, then it worked perfectly.
Hope it works for you.
P.S : my english isn't well but i hope it helps.