Matsushita Comments on Media Reports about Possible Alliance with SANYO Electric Co., Ltd.

Matsushita Electric Industrial Co., Ltd. (MEI)(NYSE:MC), best known for its Panasonic brand, commented on the media reports of April 28 in Japan about a possible alliance with SANYO Electric Co., Ltd.

These reports are not based on any official announcement by MEI, and there is no fact that MEI is considering on the alliance.

Contacts

Matsushita Electric Industrial Co., Ltd.
Media:
Akira Kadota(Japan), +81-3-3578-1237
International PR
or
Panasonic News Bureau(Japan), +81-3-3542-6205
or
Jim Reilly(U.S.), +1-201-392-6067
or
Anne Guennewig(Europe), +49-611-235-457
or
Investor Relations:
Kazuo Sasaki(Japan), +81-6-6908-1121
or
Panasonic Finance (America), Inc.
Yoichi Nagata(U.S.), +1-212-698-1362
or
Panasonic Finance (Europe) plc
Hiroko Carvell(Europe), +44-20-7562-4400