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History of Panasonic AVC Networks India Co. Ltd.

2003-Resignation of Mr. K. Ogishima & appointed Mr. M. Ikeda

-Share holders approved the allotment of 5% Non-Cumulative Redeemable Preference Shares Capital of Rs 390 million to Matsushita Electric Industrial Comp. Ltd, Japan.

-Matsushita Television and Audio limited is renamed as 'Panasonic AVC Networks India Co. Limited' & New acronym will be PAVCI.

2004

-Matsushita Television and Audio Ltd intends to further carry out restructuring measures

-The name of Matsushita Television & Audio India Limited shall be changed to Panasonic AVC Networks India Co. Limited & the trading symbol of Matsushita Television & Audio India Limited be changed from MTAL to PAVCI w.e.f. March 12, 2004.

-Panasonic India, the consumer durables & electronics major, announced the launch of its camera phone Panasonic X300