February 26, 2009

Dear Sir and Madam,

We hereby inform you that our parent company, Panasonic Corporation, concluded a contract with Vitec Co., Ltd. under which shares of Panasonic Techno Trading Co., Ltd. will be transferred to Vitec Co., Ltd.

Pursuant to the aforementioned contract, Vitec Co., Ltd. will come to possess 85% of Panasonic Techno Trading Co., Ltd.'s shares on March 31, 2009, which will make Panasonic Techno Trading Co., Ltd. an unconsolidated subsidiary of Panasonic Corporation. The current full-time board members of Panasonic Techno Trading Co., Ltd.'s will continue to operate the company, which will start anew as "PTT Co., Ltd." upon the transfer of our shares to Vitec Co., Ltd.

The distribution of semiconductor parts, electronic components and measuring instruments has been our three main lines of business, and we have provided a wide range of imported items in audio-visual equipment, mobile communications, automotive electronics and corporate R&D markets. Yet, to provide products and services that meet the demands of our customers in the face of diversifying market needs and calls for a greater global presence, we reached the conclusion that a capital alliance with a major electronics trading firm would be the most favorable solution.

Vitec Co., Ltd., an electronics trading firm listed in the Tokyo Stock Exchange, is engaged in the sale of a wide range of semiconductor parts, electronic components, and display systems to electronic equipment manufacturers, as well as the provision of technical support, system integration, EMS and other services. We believe that leveraging Vitec Co., Ltd.'s sales network and technical expertise will allow us to provide better services and to bring greater value to all of our customers.

Keeping in mind the long and cooperative relationship your firm and ours have shared over many years, we will continue to strive to live up to your expectations, and ask for your continued support and patronage of PTT Co., Ltd.

Sincerely yours,

Shinichi Hayashi, President