Panasonic to Hold Its First Global Advisors Conference

Osaka, Japan - With its name change to Panasonic Corporation just a month away, Matsushita Electric Industrial Co., Ltd. will hold its first Panasonic Global Advisors Conference at the Panasonic Center Tokyo on September 11.

Panasonic has invited a number of eminent speakers to address the conference. Panasonic believes that the speakers' knowledge and expertise, particularly in politics and economy, will provide the company with insightful international perspectives as it steers the course towards further globalization. Exchanging ideas and opinions with such distinguished people should also assist Panasonic to broaden the international awareness and perspectives of its managers who will play a leading role in guiding the company towards future growth.

The distinguished speakers addressing the conference include four advisors and an observer from five countries including so-called emerging economies. Panasonic senior executives including President Fumio Ohtsubo will attend the conference.

A brief profile of each speaker is as follows:

Advisors:

Mr. Paul Tagliabue (United States of America)

Mr. Ajay Dua, Ph.D. (India)

Mr. Luiz Fernando Furlan (Brazil)

Mr. Toshihiko Fukui (Japan)

Observer:

Mr. Alexander Voloshin (Russia)

Coordinator:

Mr. Yukio Okamoto (Japan)

About Panasonic

Best known for its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 9.07 trillion yen (approx. US$90.52 billion) for the year ended March 31, 2008. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:MC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/.