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May 7, 2010

Panasonic to Change Company Name of Subsidiary (Panasonic Shikoku Electronics Co., Ltd.)

Osaka, Japan, May 7, 2010 - Panasonic Corporation (Panasonic [NYSE: PC]) announced that it will change the company name of Panasonic Shikoku Electronics Co., Ltd.(PSEC), a wholly-owned subsidiary, through a resolution that was approved at the Board of Directors held on today.

1. Basic information of the subsidiary

Company Name Panasonic Shikoku Electronics Co., Ltd.
Principal Office 2131-1 Minamigata, Toon City, Ehime, Japan
Representative Kenji Yamane, President
Principal Lines of Business
Manufacture and sale of medical and information equipment, and precision instruments
Capital Stock 7,907 million yen

2. New company name

Panasonic Healthcare Co., Ltd.

3. Reason for company name change

The purpose of this name change is to unify the strategy for the healthcare business on a global scale as a Panasonic Group. Panasonic regards the healthcare business as one of the key businesses in the future. Moving forward, PSEC will make a full-scale shift to the healthcare business, aiming to contribute to healthy and more affluent lifestyles by offering healthcare products available to more people around the world.

4. Effective date

October 1, 2010

Media Contacts:

Akira Kadota (Japan)
International PR
Tel: +81-3-6403-3040
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

Makoto Mihara (Japan)
Investor Relations
Tel: +81-6-6908-1121
Yuko Iwatsu (U.S.)
Panasonic Finance (America), Inc.
Tel: +1-212-698-1365
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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