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Nov 3, 2008

Panasonic Comments on Media Reports about Possible Purchase of its Stake in Sanyo Electric Co., Ltd.

Osaka, Japan, November 3, 2008 - Panasonic Corporation (Panasonic [NYSE symbol: PC]), best known for its Panasonic brand, commented on the current press reports in Japan about a possible purchase of its stake in Sanyo Co., Ltd.

This announcement was not made by Panasonic, and the company has not decided anything in regards to the purchase.

Media Contacts:

Akira Kadota (Japan)
International PR
(Tel: +81-3-3578-1237)
Panasonic News Bureau (Japan)
(Tel: +81-3-3542-6205)
Jim Reilly (U.S.)
(Tel: +1-201-392-6067)
Anne Guennewig (Europe)
(Tel: +49-611-235-457)

Investor Relations Contacts:

Kazuo Sasaki (Japan)
Investor Relations
(Tel: +81-6-6908-1121)
Yoichi Nagata (U.S.)
Panasonic Finance (America), Inc.
(Tel: +1-212-698-1362)
Hiroko Carvell (Europe)
Panasonic Finance (Europe) plc
(Tel: +44-20-7562-4400)
*The content in the following news releases is accurate at the time of publication but may be subject to change without notice. Please note therefore that these documents may not always contain the most up-to-date information.

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