Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic") today commented
on certain media report about the company's semiconductor business. The
media report is not on any official announcements by Panasonic. Though
the company has been studying various plans for growth strategy of the
business, nothing has been decided.

Contacts :
Panasonic Corporation
Media Contacts:
Akira
Kadota, +81-3-6403-3040 (Japan)
Global Public
Relations Office
or
Panasonic News Bureau (Japan)
Tel:
+81-3-3542-6205
or
Jim Reilly, +1-201-392-6067
(U.S.)
or
Anne Guennewig, +49-611-235-457
(Europe)
or
Investor Relations Contacts:
Haruhiko
Sezaki, +81-6-6908-1121 (Japan)
Investor Relations
or
Panasonic
Finance (America), Inc.
Yuko Iwatsu, +1-212-698-1360
(U.S.)
or
Panasonic Finance (Europe) plc
Hiroko
Carvell, +44-20-3008-6887 (Europe)