Dividend notice

Dividend notice

On 20 January 2003, we at Matsushita Electric Works Information Systems Co., Ltd. (NAIS-IS) carried out a stock split at a rate of two shares for each share of common stock owned by the shareholders listed on our final stock ledger and our effective shareholder ledger as of Saturday, 30 November 2002.

As a token of our appreciation to our shareholders for their ongoing support, we determined what is, in effect, an increased dividend for the year ending in November 2003 at a board meeting held on 1 April 2003. More specifically, we have decided to pay a yearly common stock dividend of JPY6,000, as follows.

Proposed dividend payments for the year ending in November 2003 (fifth term)

• Midterm dividend per share: JPY3,000
• Year-end dividend per share: JPY3,000
• Yearly dividend per share: JPY6,000

For your reference:

Actual dividend payments for the year ending in November 2002 (fourth term)

• Midterm dividend per share: JPY3,000
• Year-end dividend per share: JPY7,000
• Yearly dividend per share: JPY10,000