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Jun 16, 2006
FOR IMMEDIATE RELEASE Media Contacts: Investor Relations Contacts: Akira Kadota (Japan) Makoto Mihara (Japan) International PR Investor Relations (Tel: +81-3-3578-1237) (Tel: +81-6-6908-1121) Panasonic News Bureau (Japan) Akihiro Takei (U.S.) (Tel: +81-3-3542-6205) Panasonic Finance (America), Inc. (Tel: +1-212-698-1365) Jim Reilly (U.S.) (Tel: +1-201-392-6067) Hiroko Carvell (Europe) Panasonic Finance (Europe) plc Brendon Gore (Europe) (Tel: +44-20-7562-4400) (Tel: +44-20-8899-2217)
Matsushita Electric Executes Own Share Repurchase
Osaka, Japan, June 16, 2006 -- 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 211-3, Paragraph 1, Item 2 of the former Japanese Commercial Code, which applies pursuant to Article 81 of "the Law for Maintenance of Relevant Laws Relating to the Enforcement of the Company Law."
Details of the share repurchase are as follows:
- Class of shares: Common stock
- Period of repurchase: Between May 19, 2006 and June 16, 2006
- Aggregate number of shares repurchased: 12,424,000 shares
- Aggregate repurchase amount: 29,998,365,000 yen
- Method of repurchase: Shares were repurchased on the Tokyo Stock Exchange
|1)||The following details were resolved at the Board of Directors meeting held on April 28, 2006:|
|2)||Cumulative total of shares repurchased since the April 28, 2006 Board of Directors resolution through today:|
|The number of shares issued and treasury stock as of March 31, 2006:|