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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 Munetsugu Takeda (Europe) (Tel: +44-20-7562-4400) (Tel: +49-611-235-305)
Matsushita Electric Executes Own Share Repurchase
Osaka, Japan, May 11, 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 May 1, 2007 and May 11, 2007
3.Aggregate number of shares repurchased: 4,107,000 shares
4.Aggregate repurchase amount: 9,999,450,000 yen
5.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 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: 4,107,000 shares|
|・Aggregate repurchase amount: 9,999,450,000 yen|
|The number of shares issued and treasury stock as of March 31, 2007:|
|・Total number of shares issued (excluding treasury stock): 2,146,284,458 shares|
|・Treasury stock: 306,769,039 shares|
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