Matsushita Electric to Partially Amend Its Articles of Incorporation
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TMCNet:  Matsushita Electric to Partially Amend Its Articles of Incorporation

[May 19, 2008]

Matsushita Electric to Partially Amend Its Articles of Incorporation

OSAKA, Japan --(Business Wire)-- Matsushita Electric Industrial Co., Ltd. (Matsushita)(NYSE:MC), best known for its Panasonic brand, today announced that its Board of Directors resolved to submit a proposal, at the ordinary general meeting of shareholders to be held on June 26, 2008, to partially amend its Articles of Incorporation.



1. Reasons for amendments

On October 1, 2008, the Company will change its trade name from Matsushita Electric Industrial Co., Ltd. to Panasonic Corporation as well as unify brands under the "Panasonic" brand in the Group.



In 2008, the Company marks its 90th anniversary since its establishment, in 1918, as Matsushita Electric Devices Manufacturing Works. It was incorporated in 1935, at which time the trade name was changed to Matsushita Electric Industrial Co., Ltd. Thanks to the generous support of all of its stakeholders, Matsushita has continued to develop through the years, based on an ideal of contributing to society through its business activities.

Through this trade name change, as well as the unification of brands, the Company aims to consolidate the accumulated resources of all business activities throughout the Group under one brand, Panasonic, thereby enhancing the value of the corporate brand. This will greatly benefit the Company in implementing its management philosophy and achieving global excellence.

In addition, the amendment of Article 1 shall become effective as of October 1, 2008, supplementary provisions providing to that effect shall be newly established, and such supplementary provisions shall be eliminated after such amendment has become effective.

2. Details of amendments

The current Articles of Incorporation and the proposed amendments are as follows:

                 (The changed parts are underlined.)
---------------------------------------------------------
------------- Current Articles of Incorporation Proposed Amendments -----------------------------------------------------------
----------- (Trade Name) (Trade Name) Article 1 Article 1 The Company shall be called The Company shall be called Matsushita Denki Sangyo Kabushiki Panasonic Kabushiki Kaisha, and Kaisha, and written in English as written in English as Panasonic Matsushita Electric Industrial Corporation. Co., Ltd. ==================================-==============================
===== Article 2 through Article 39 Article 2 through Article 39 (The descriptions of the Articles (The Articles are unchanged from are omitted.) the current version.) ------------------------------------------------------------
---------- Supplementary Provisions Supplementary Provisions 1. Transitional Measure Regarding 1. Transitional Measure Regarding the Number of Shares the Number of Shares Constituting One Unit of Shares Constituting One Unit of Shares (The descriptions of the Articles (The Articles are unchanged from are omitted.) the current version.) 2. Transitional Measure Regarding (Newly Established) the Trade Name The amendment of Article 1 shall become effective as of October 1, 2008, and the Trade Name shall be as follows in accordance with the prior Trade Name until such amendment becomes effective: (Trade Name) Article 1 The Company shall be called Matsushita Denki Sangyo Kabushiki Kaisha, and written in English as Matsushita Electric Industrial Co., Ltd. This transitional measure will be eliminated after the amendment of Article 1 has become effective. -----------------------------------========================
===========

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