OREANDA-NEWS. March 05, 2012. Innovation Network Corporation of Japan ("INCJ") and Panasonic Corporation ("Panasonic") hereby announce that both companies have reached a final agreement today regarding the transfer of the Mobara plant of Panasonic Liquid Crystal Display Co., Ltd., a subsidiary of Panasonic, to Japan Display Inc. ("Japan Display"-provisional name), a new company that is in the process of being established to pursue small- and medium-sized display business.

Japan Display plans to develop a new manufacturing line for small- and medium-sized display production at the Mobara plant.
[For inquiries]

Innovation Network Corporation of Japan http://www.incj.co.jp/english/
 Marunouchi-Kitaguchi Building
 1-6-5, Marunouchi, Chiyoda-ku Tokyo 100-0005, Japan
 Strategic Planning Office
 TEL: +81-3-5218-7200

Panasonic Corporation http://panasonic.net/
 1006, Oaza Kadoma, Kadoma-shi, Osaka 571-8501, Japan
 PR Group, Global Public Relations Office
 TEL: +81-3-6403-3040
 Panasonic News Bureau
 TEL: +81-3-3542-6205.