Panasonic Newsroom TOPHeadquarters NewsMatsushita Electric Executes Own Share Repurchase

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Headquarters News

Mar 19, 2008


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Matsushita Electric Executes Own Share Repurchase

Osaka, Japan, March 19, 2008 -- Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its Panasonic brand, announced that it has repurchased a portion of its own shares from the market in conformity with provisions of Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Details of the share repurchase are as follows:

1.Class of shares: Common stock
2.Period of repurchase: Between February 29, 2008 and March 19, 2008
3.Aggregate number of shares repurchased: 9,412,000 shares
4.Aggregate repurchase amount: 19,999,193,000 yen
5.Method of repurchase: Shares were repurchased on the Tokyo Stock Exchange

(Reference 1)

1) The following details were resolved at the Board of Directors meeting held on April 27, 2007:
  ・Class of shares: Common stock
・Aggregate number of repurchasable shares: Up to 50 million shares
・Aggregate repurchase amount: Up to 100 billion yen
2) Cumulative total of shares repurchased since the April 27, 2007 Board of Directors resolution through today:
  ・Aggregate number of shares repurchased: 43,944,000 shares
・Aggregate repurchase amount: 99,995,753,000 yen

(Reference 2)

  The number of shares issued and treasury stock as of December 31, 2007:
・Total number of shares issued (excluding treasury stock): 2,110,675,847 shares
・Treasury stock: 342,377,650 shares