(Translation)
Security Code:June 22, 2010

6839

NOTICE OF RESOLUTIONS OF
THE 58TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:
Please take notice that reports were made and resolutions were adopted at the58th Ordinary General Meeting of Shareholders of the Company held this day as
described below.
Yours very truly,
Tomonori Hayashi
President and CEO

Funai Electric Co., Ltd.
7-1, Nakagaito 7-chome,
Daito City, Osaka

Description
Matters reported:
1.

Report on the business report, the consolidated financial statements andthe results of audit of the consolidated financial statements by theaccount auditors and the Audit Committee for the 58th fiscal year (fromApril 1, 2009 to March 31, 2010)

2.

Report on the non-consolidated financial statements for the 58th fiscalyear (from April 1, 2009 to March 31, 2010)

The particulars of the above financial statements were reported to the meeting.

Matters resolved:
Proposition No. 1:

Amendment to the Articles of Incorporation

The proposition was approved and adopted as proposed.
The summary of the amendment is as follows:•To shift the management structure of the Company from a "company having
committees" to a "company having a board of corporate auditors", new provisions
for Corporate Auditors and a Board of Corporate Auditors were established andother required amendments were made.

•To save the trouble of electing an Alternate Corporate Auditor annually, a newprovision was established to make the election of an Alternate Corporate Auditor
continue to remain effective for four years.

•To allow Corporate Auditors to fully play their expected roles, new provisions
based on a system of indemnification of corporate officers as provided for inArticle 426 and Article 427 of the Corporation Law of Japan were established.

•With regard to the indemnification of Corporate Officers provided for in theArticles of Incorporation before amendment, a supplementary provision wasestablished to keep the effectiveness of the indemnification thereof after theCompany's shifting to a "company having a board of corporate auditors".

•In accordance with the establishment and deletion of the provisions set forth
above, the numbers of the existing provisions were altered.

Proposition No. 2:

Election of 12 Directors

The proposition was approved and adopted as proposed. Messrs. Tetsuro Funai,Tomonori Hayashi, Mitsuo Yonemoto and Yasuhisa Katsuta, 4 in all, were reelected asDirectors and Messrs. Takashi Kiyomoto, Hideo Nakai, Shinji Seki, Toshio Ohya,Yoshikazu Kamimura, Joji Okada, Hideaki Funakoshi and Shigeki Saji, 8 in all, werenewly elected as Directors and each of them assumed office.
Messrs. Mitsuo Yonemoto and Yasuhisa Katsuta are outside Directors.
Proposition No. 3:

Election of three (3) Corporate Auditors

The proposition was approved and adopted as proposed. Messrs. Akitaka Inoue,Shinichi Yoneda and Masahide Morimoto, 3 in all, were newly elected as CorporateAuditors and each of them assumed office.
-2-Messrs. Shinichi Yoneda and Masahide Morimoto are outside Corporate Auditors.
Proposition No. 4:

Election of one (1) Alternate Corporate Auditor

The proposition was approved and adopted as proposed. Mr. Naganori Tanaka
was elected as Alternate Corporate Auditor.
With regard to the effectiveness of the election, it may be repealed by resolutionof the Board of Directors upon consent thereto by the Board of Corporate Auditors only
before he assumes office.
Proposition No. 5:

Granting of retirement gratuities to the retiring Directors

The proposition was approved and adopted as proposed that retirement
allowances be granted to the retired Directors Messers. Akira Miyazaki, Shigemichi
Asakura and Hidetoshi Nishimura within the extent of a reasonable amount inaccordance with the Company's internal regulations and that the determination of theamount and the time and method of presentation and other particulars be left to theBoard of Directors.
Proposition No. 6:

Revision of remuneration of Directors and Corporate Auditors

The proposition was approved and adopted as proposed that the amount ofremuneration for Directors be no more than ¥550 million per year (including the amountof ¥30 million of remuneration for outside Directors per year) and the amount ofremuneration for Corporate Auditors be no more than ¥40 million per year.
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At the meeting of the Board of Directors held after the close of the Ordinary
General Meeting of Shareholders, Mr. Tomonori Hayashi was elected as Representative
Director and he assumed office.
At the meeting of the Board of Corporate Auditors held after the close of theOrdinary General Meeting of Shareholders, Mr. Akitaka Inoue was elected as full-time
Corporate Auditor and he assumed office.

Payment of Dividends
Documents related to the dividends for the 58th fiscal year were delivered to you
as of June 10, 2010 and the dividends are payable as from June 11, 2010.
○

If you have elected to receive payment of dividends by transfer to your bankaccount, please confirm the receipt of a "Statement of Year-End Dividends" and"Re: Account for Receiving Dividends".

○

If you have not elected to receive payment of dividends by transfer to your bankaccount, please receive the dividends at any office of Japan Post Bank or any post
office nationwide during the payment period (June 11, 2010 through July 30,2010) by presenting a " Receipt for Year-End Dividends" delivered to you.

The "Statement of Year-End Dividends" delivered to you can also serve as a
"Notice of Payment" to be prepared pursuant to the provisions of the Special Taxation
Measures Law of Japan. Hence, if you file a final tax return, please use it as an
attached document thereto. However, if you have selected to receive dividends by themethod of allocation of dividends in proportion to the number of shares, the "Statementof Year-End Dividends" cannot be used as a "Notice of Payment". Hence, please refer
to your securities company.

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