Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic") today announced
that it withdrew the shelf registration in Japan for offerings of shares
of common stock that was described in "Panasonic Announces Shelf
Registration in Japan for Future Equity Offerings" announced on July 29,
2010 (the "Shelf Registration").
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1. Outline of withdrawn shelf registration
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(1)
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Type of Securities to be Offered
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Common Stock of Panasonic Corporation
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(2)
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Planned Issuance Period
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Within one
year
commencing from the effective date of
the Shelf Registration Statement (From August 12, 2010 until
August 11, 2011)
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(3)
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Offering Method
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Public Offering in Japan
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(4)
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Planned Amount of Issuance
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Up to JPY 500 billion
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2. New shares already issued under shelf
registration
None
3. Reason for withdrawal of shelf registration
After taking into account, among other factors, the results of the
tender offers by Panasonic for the shares of common stock of Panasonic
Electric Works and SANYO published today in the press releases,
"Panasonic Announces the Results of Tender Offer for Panasonic Electric
Works Shares" and "Panasonic Announces the Results of Tender Offer for
SANYO Shares", Panasonic has concluded that it will not conduct any
public offerings of shares of common stock under the Shelf Registration.
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This document does not constitute an offer of any securities for
sale in Japan, the United States or any other jurisdiction. This
document is prepared for the sole purpose of publicly announcing
that Panasonic Corporation has withdrawn the shelf registration
statement in Japan for possible future equity offerings, and not for
the purpose of soliciting investment or engaging in any other
similar activities within or outside Japan.
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