Headquarters News

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)

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.