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Relevant Press Releases
FOR IMMEDIATE RELEASE Media Contacts: Investor Relations Contacts: Akira Kadota (Japan) Makoto Mihara (Japan) International PR Investor Relations (Tel: +81-3-3578-1237) (Tel: +81-6-6908-1121) Panasonic News Bureau (Japan) Akihiro Takei (U.S.) (Tel: +81-3-3542-6205) Panasonic Finance (America), Inc. (Tel: +1-212-698-1365) Jim Reilly (U.S.) (Tel: +1-201-392-6067) Hiroko Carvell (Europe) Panasonic Finance (Europe) plc Munetsugu Takeda (Europe) (Tel: +44-20-7562-4400) (Tel: +49-611-235-305)
Matsushita to Execute Own Share Repurchase
Osaka, Japan, February 1, 2007 -- 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
2. Details of Share Repurchase
|1)||Class of shares: Common stock|
|2)||Aggregate number of repurchasable shares: Up to 25 million shares
(1.0 % of the total number of shares issued)
|3)||Aggregate repurchase amount: Up to 50 billion yen|
|4)||Period of repurchase: From February 2, 2007 to March 30, 2007|
|Total number of shares issued and treasury stock as of December 31, 2006:|
|・||Total number of shares issued (excluding treasury stock): 2,171,855,027 shares|
|・||Treasury stock: 281,198,470 shares|