September 22, 2010

FOR IMMEDIATE RELEASE

Panasonic Comments on Media Reports about Financing

Osaka, Japan, September 22, 2010 – Panasonic Corporation (NYSE:PC/TSE:6752,
“Panasonic”), commented on the current press reports in Japan about financing.

This announcement was not made by Panasonic, and the Company has not
decided anything. We continue to consider the financing method in view of the result of
Tender Offers for shares of Panasonic Electric Works Co., Ltd. and SANYO Electric Co.,
Ltd., and financial market trend.

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