Relevant Press Releases

FOR IMMEDIATE RELEASE

Investor Relations Contacts:

Makoto Mihara (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)

Matsushita Announces Retirement of Director

Osaka, Japan, August 31, 2007 -- Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its Panasonic brand, announced today that Yoshifumi Nishikawa retired as a Director of the Company, effective as of August 31, 2007.

Yoshifumi Nishikawa was an outside director of the Company as stipulated in Article 2, Paragraph 15 of the Company Law of Japan.