May 11, 2022
FOR IMMEDIATE RELEASEMedia Contact:

Investor Relations Contact:

Corporate PR Center

Akira Waniko
Corporate Finance & IR Department(Tel: +81-6-6908-1121) (Japan)

https://news.panasonic.com/global/contacts/

Panasonic Announces Preparations for Stock Exchange Listingof its Supply Chain Management BusinessOsaka, Japan, May 11, 2022 – Panasonic Holdings Corporation ([TSE:6752] “theCompany”), today announced that its Board of Directors has resolved to commence
preparations for a potential stock exchange listing of the supply chain managementbusiness operated by Panasonic Connect Co., Ltd.
For further details, please see attached press release “Panasonic Announces
Preparations for Stock Exchange Listing of its Supply Chain Management Business.”###<Reference>

May 11, 2022
Panasonic Holdings Corporation

Panasonic Announces Preparations for Stock Exchange
Listing of its Supply Chain Management BusinessOsaka, Japan – Panasonic Holdings Corporation (Group CEO: Yuki Kusumi, hereinafterreferred to as “the Company”) today announced that its Board of Directors has resolved tocommence preparations for a potential stock exchange listing of the supply chain managementbusiness (SCM business) operated by Panasonic Connect Co., Ltd (CEO: Yasuyuki Higuchi).
With the introduction of the operating company system, the Panasonic Group aims tostrengthen its competitiveness by enabling each operating company to act more independently
and to thoroughly implement autonomous management. Following, it was decided that basedon the business characteristics and market environment, a stock exchange listing of the SCM
business would be the optimal way to accelerate growth globally by utilizing the capital markets.
Background of SCM business listing
In recent years, the external environment surrounding the supply chain has been changing
significantly and is becoming more complex due to recent geopolitical uncertainty, thepandemic, and changes in consumer behavior. Moreover, as the expected needs ofenterprises for supply chain management solutions are increasing, and its market is expected
to expand rapidly, competition for strengthening of R&D and investing in M&A have become
more fierce in this field. Against this backdrop, the Company believes that nimbly executed
investment will enable it to expand the areas where it can make a positive contribution tosociety by providing SaaS*, cloud-based solutions that can be implemented flexibly and swiftly
to meet a variety of challenges faced by enterprises.
*SaaS: Software as a Service provided as a cloud service without the need for in-house servers.
The field of supply chain management SaaS is expected to grow in the future.

Growth strategy of SCM businessIn the SCM business, while leveraging the strengths of the Panasonic Group, the Company
will aim to achieve differentiation of Blue Yonder’s SaaS solutions in order to secure higher
growth and profitability. As an initiative to that end, the Company will first aggressively
strengthen R&D and invest in M&A, and further strengthen the talent and competitiveness ofBlue Yonder by furthering its SaaS business and markets in the US and Europe. In addition,- more -the Panasonic Group's technological and workflow capabilities will be used to strengthen
operational data linkage to increase the business value of its SaaS offerings. Specifically, theCompany has built a feedback loop that incorporates on-site data obtained from its sensing
technology, industrial engineering capabilities cultivated in the manufacturing industry, and onsite optimization solutions into Blue Yonder's AI-driven software platform to enable operationalexecution in real time. Furthermore, by accumulating firsthand experience through theintroduction of Blue Yonder solutions within the Panasonic Group and expansion to customers
in the Japan market, the Company aims to enhance Blue Yonder’s solutions, expand
horizontally from Japan to other markets, and scale the business. In the Japanese market, theCompany will leverage the Panasonic Group's customer base and brand to further expand
sales of its SaaS solutions.
Aim of stock exchange listing of SCM businessIn order to further strengthen competitiveness and elevate the business to the next level, theCompany has determined that a stock exchange listing of the SCM business is an optimal way
to accelerate growth globally by utilizing the capital markets, and will begin preparations for astock exchange listing centered around Blue Yonder. By listing the SCM business, the listedcompany aims to expand on its leadership position by creating solutions that will revolutionize
the digital supply chain through R&D, M&A and talent investments to achieve growth plans.
Furthermore, the listed company aims to contribute to a more sustainable society through theelimination of wastefulness and stagnation in the entire supply chain, thus reducing the global
environmental footprint by helping customers reduce energy consumption.
The SCM business is an important pillar of the Panasonic Group’s business. The Companywill consider various options for the organizational and capital structure of the listing, based on
the premise that the listed company, centered on Blue Yonder, will be positioned as animportant consolidated subsidiary of the Company and that the Company will hold a majorityof the voting rights. The listed company is expected to consist of businesses centered aroundBlue Yonder and complementary software and solution capabilities from Panasonic Connect’sGemba Solutions Company and Technology Research & Development Division and others,
which will enhance solution competitiveness, corporate value and drive the companies’ vision
to deliver the Autonomous Supply Chain to the edge.
The Panasonic Group will continue to strengthen its competitiveness and implement growthstrategies that adapt to changes in the business and competitive environment toward the futurethat must be realized in each business, with the aim of realizing an ideal society with affluenceboth in matter and mind.

- more -* A stock exchange listing is subject to the approval of the relevant stock exchange andother relevant government agencies. In addition, as a result of further consideration andreview in the preparation process for the stock exchange listing, there is a possibility that
reorganizations of Panasonic Group will be required. There is also a possibility that theCompany decides not to pursue a listing of the SCM business. Therefore, at present,details regarding the company to be listed and the scope of the business, the planned
listing date, the listing venue or stock exchange have not yet been determined. Furtherinformation required to be disclosed will be provided at the appropriate time.

NOTE: This press release does not constitute an offer of any securities for sale. This press release has been prepared for thepurpose of publicly announcing commencement of preparation for a stock exchange listing of the SCM business and not for the
purpose of soliciting investment or engaging in any other similar activities. This press release is not an offer of securities for salein the United States. Securities may not be offered or sold in the United States absent registration or an applicable exemption
from registration under the U.S. Securities Act of 1933, as amended.

About the Panasonic GroupA global leader in developing innovative technologies and solutions for wide-ranging
applications in the consumer electronics, housing, automotive, industry, communications, andenergy sectors worldwide, the Panasonic Group switched to an operating company system on
April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eightcompanies positioned under its umbrella. Founded in 1918, the Group is committed toenhancing the well-being of people and society and conducts its businesses based on founding
principles applied to generate new value and offer sustainable solutions for today’s world.
Devoted to improving the well-being of people, the Panasonic Group is united in providing
superior products and services to help you Live Your Best. To learn more about the PanasonicGroup, please visit: https://holdings.panasonic/global/###