PANASONIC APPLIANCES INDIA COMPANY LTD. - Updates on Delisting Offer - Exit Offer

ICICI Securities Ltd ("Manager to the Delisting Offer") has submitted to BSE a Copy of Exit Offer Public Announcement ("Exit Offer PA") is being issued by Panasonic Corporation, Japan (the "Acquirer) to provide the residual public shareholders of Panasonic Appliances India Company Ltd ( Target Company) an exit opportunity in accordance with Regulation 21 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended till date (Delisting Regulations). This Exit Offer PA is in continuation to and should be read in conjunction with the original Public Announcement dated January 16, 2015 (Original PA) and the Letter of Offer dated January 16, 2015 (Bid Letter) and the post offer public announcement dated March 04, 2015 (Post Offer PA) in accordance with Regulation 18 of the Delisting Regulations.<BR><BR>Capitalised terms used but not defined in this Exit Offer PA shall have the same meaning assigned to them as in the Original PA, the Bid Letter, the Post Offer PA and the Exit Offer Letter