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Friday 07. November 2008 08:55 Age: 60 days

Panasonic and SANYO Agree to Start Discussions for Capital and Business Alliance

Osaka, November 7, 2008 --- Panasonic Corporation (NYSE: PC/ TSE:6752,

“Panasonic”) and SANYO Electric Co., Ltd. (TSE 6764, “SANYO”), upon the resolutions

of the meetings of their respective Boards of Directors held today on November 7, 2008,

agreed to start discussions for a capital and business alliance between Panasonic and

SANYO.

Panasonic and SANYO will start discussions, with the aim....