Matsushita to Establish Organizations to Drive Sales Increase In Russia, Brazil and India

Osaka, Japan - Matsushita Electric Industrial Co., Ltd., best known for its Panasonic brand, today announced the company will establish organizations that focus on boosting sales in Russia, Brazil and India.

As set in the new mid-term plan called the “GP3 Plan,” the company aims to achieve double-digit increases in overseas sales, and thereby transform overseas operations into its corporate growth engine. Since the company expects further market expansions in the three countries, it will establish the organizations to enable large sales increases in these areas.

The new organizations will develop corporate-level strategies, devote greater volume of higher-quality management resources in these areas, and strategically enhance cooperation with domain companies by making ongoing initiatives visible.

The following establishment of organizations and appointments will be made effective on April 1, 2007.
Organizations:

(1) Russia Division in the Corporate Management Division for CIS, the Middle East & Africa
(2) Brazil Coordination Department in the Corporate Management Division for Latin America
(3) India Coordination Department in the Corporate Management Division for Asia and Oceania

Appointments:

[Corporate Management Division for CIS, the Middle East & Africa]

Tomozo Matsumoto Director, Russia Division, retaining his position as President, Panasonic (CIS) OY

[Corporate Management Division for Latin America]

Masanobu Matsuda General Manager, Brazil Coordination Department, retaining his position as President, Panasonic do Brasil Limitada

[Corporate Management Division for Asia and Oceania]

Hidenori Aso General Manager, India Coordination Department, and Chairman, Panasonic Sales & Services India Pvt. Ltd., retaining his position as President, Panasonic Home Appliances India Co., Ltd.
Formerly, Vice President, Panasonic Sales & Services India Pvt. Ltd.

About Panasonic
Best known for its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the Company recorded consolidated net sales of US$76.02 billion for the year ended March 31, 2006. The Company’s shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:MC) stock exchanges. For more information on the Company and the Panasonic brand, visit the Company’s website at http://panasonic.net/.