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Jun 11, 2007
FOR IMMEDIATE RELEASE

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Matsushita Comments on Media Reports
about Possible Sale of its Stake in Victor Company of Japan, Ltd.



Osaka, Japan, June 11, 2007 -- Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its Panasonic brand, commented on the press reports of June 10 in Japan about a possible sale of its stake in Victor Company of Japan, Ltd.

The Company is studying all kinds of options from the viewpoint of the enhancement of Matsushita's corporate value, but has not decided anything in regards to the sale of its stake in Victor Company of Japan, Ltd.


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