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Panasonic Newsroom TOPPress ReleaseMatsushita Electric Executes Own Share Repurchase

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Headquarters News

Aug 24, 2007


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Matsushita Electric Executes Own Share Repurchase

Osaka, Japan, August 24, 2007 -- 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 July 26, 2007 and August 24, 2007
3.Aggregate number of shares repurchased: 9,591,000 shares
4.Aggregate repurchase amount: 19,999,875,000 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: 25,526,000 shares
・Aggregate repurchase amount: 59,997,170,000 yen

(Reference 2)

  The number of shares issued and treasury stock as of June 30, 2007:
・Total number of shares issued (excluding treasury stock): 2,129,932,478 shares
・Treasury stock: 323,121,019 shares

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