Matsushita Executes Own Share Purchase for Stock Option Plan

Osaka, Japan (PROTEXT) - Matsushita Electric Industrial Co., Ltd. (NYSE: MC; PCX) today announced that it has completed purchasing the portion of its own shares earmarked for transfer to its directors and select senior executives, pursuant to provisions of Article 210-2 of the Japanese Commercial Code as follows: 1. Date of purchase: August 6, 1999 2. Number of shares purchased: 116,000 shares of common stock 3. Aggregate amount spent for the share purchase: 287,100,000 yen 4. Method of transaction: purchase at the Tokyo Stock Exchange The above share purchase was executed pursuant to the approval of the Company's shareholders given at the annual shareholders' meeting held on June 29, 1999 and to resolutions of the board of directors. Matsushita Electric Industrial Co., Ltd. is one of the world's leading producers of electronic and electric products for consumer, business and industrial use, which it markets around the world under the "Panasonic," "National," "Technics" and "Quasar" brand names. Matsushita's shares are listed outside Japan on the Amsterdam, Dusseldorf, Frankfurt, New York, Pacific and Paris stock exchanges. ots Original Text Service: Matsushita Electric Industrial Co., Ltd. Internet: http://www.newsaktuell.de Contact: Akihiro Takei, Panasonic Finance - America, Inc. (USA) 212-371-5447 Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT