May 7, 2010

FOR IMMEDIATE RELEASE Media Contacts: Investor Relations Contacts: Akira Kadota (Japan) Makoto Mihara (Japan) International PR Investor Relations (Tel: +81-3-6403-3040) (Tel: +81-6-6908-1121) Panasonic News Bureau (Japan) Yuko Iwatsu (U.S.) (Tel: +81-3-3542-6205) Panasonic Finance (America), Inc. (Tel: +1-212-698-1365) Jim Reilly (U.S.) (Tel: +1-201-392-6067) Hiroko Carvell (Europe) Panasonic Finance (Europe) plc Anne Guennewig (Europe) (Tel: +44-20-7562-4400) (Tel: +49-611-235-457)

Panasonic to Change Company Name of Subsidiary
(Panasonic Shikoku Electronics Co., Ltd.)

Osaka, Japan, May 7, 2010 - Panasonic Corporation (Panasonic [NYSE: PC]) announced that it will change the company name of Panasonic Shikoku Electronics Co., Ltd.(PSEC), a wholly-owned subsidiary, through a resolution that was approved at the Board of Directors held on today.

1. Basic information of the subsidiary

Company Name Panasonic Shikoku Electronics Co., Ltd. Principal Office 2131-1 Minamigata, Toon City, Ehime, Japan Representative Kenji Yamane, President

Principal Lines of Business

Manufacture and sale of medical and information equipment, and precision instruments Capital Stock 7,907 million yen

2. New company name

Panasonic Healthcare Co., Ltd.

3. Reason for company name change

The purpose of this name change is to unify the strategy for the healthcare business on a global scale as a Panasonic Group. Panasonic regards the healthcare business as one of the key businesses in the future. Moving forward, PSEC will make a full-scale shift to the healthcare business, aiming to contribute to healthy and more affluent lifestyles by offering healthcare products available to more people around the world.

4. Effective date

October 1, 2010