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News ReleaseBy MonthBy CategoryGroup Site Information
Apr 28, 2008 
FOR IMMEDIATE RELEASE

Media Contacts:               Investor Relations Contacts:

Akira Kadota (Japan)          Kazuo Sasaki (Japan)
International PR              Investor Relations 
(Tel: +81-3-3578-1237)        (Tel: +81-6-6908-1121)

Panasonic News Bureau (Japan) Yoichi Nagata (U.S.) 
(Tel: +81-3-3542-6205)        Panasonic Finance (America), Inc.
                              (Tel: +1-212-698-1362)
Jim Reilly (U.S.)
(Tel: +1-201-392-6067)        Hiroko Carvell (Europe)
                              Panasonic Finance (Europe) plc 
Anne Guennewig (Europe)       (Tel: +44-20-7562-4400)
(Tel: +49-611-235-457)

Matsushita to Execute Own Share Repurchase


Osaka, Japan, April 28, 2008 -- Matsushita Electric Industrial Co., Ltd. [NYSE symbol: MC], best known for its Panasonic brand, announced that its Board of Directors today resolved to repurchase its own shares, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

1. Reason for Share Repurchase

This resolution is a part of continuing efforts to enhance shareholder value per share and profitability of capital.

2. Details of Share Repurchase

1) Class of shares: Common stock
2) Aggregate number of repurchasable shares: Up to 50 million shares
(2.0% of the total number of shares issued)
3) Aggregate repurchase amount: Up to 100 billion yen
4) Period of repurchase: From April 30, 2008 to late March 2009

(Reference)
Total number of shares issued and treasury stock as of March 31, 2008:

  • Total number of shares issued (excluding treasury stock): 2,101,117,156 shares
  • Treasury stock: 351,936,341 shares

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