Panasonic : Sets Terms and Conditions for its Hybrid Bonds (Subordinated Bonds)

About this update from Panasonic Holdings Corporation

Panasonic Holdings Sets Terms and Conditions for its Hybrid Bonds (Subordinated Bonds) Osaka, Japan, August 28, 2026 - Panasonic Holdings Corporation (the "Company") announced that the Company today determined terms and conditions for the issues of hybrid bonds (subordinated bonds) (the "Bonds") as noted in the announcement dated August 3, 2026, "Notice Regarding Early Redemption of 1st Hybrid Bonds (Subordinated Bonds), Financing through Hybrid Loan (Subordinated Loan) and Public Offering of Hybrid Bonds (Subordinated Bonds)". The terms and conditions for each series are as follows: 1. Series Fourth unsecured subordinated bonds with optional interest payment deferral and early redemption provisions Fifth unsecured subordinated bonds with optional interest payment deferral and early redemption provisions 2. Aggregate principal amount to be issued 70 billion yen 30 billion yen 3. Denomination of each bond 100 million yen 4. Initial Coupon rate (per annum) 3.455% (*1) 4.188% (*2) 5. Issue price 100% of the principal amount 6. Interest payment dates April 14 and October 14 of each year (First interest payment date will be April 14, 2027) 7. Optional deferral of interest payments The Company may, at its option, defer the payment of interest, in whole or in part, in respect of the Bonds that would otherwise be due to be paid on an interest payment date 8. Maturity date September 3, 2056 October 14, 2056 9. Early redemption The Company may, at its option, redeem the Bonds on any interest payment date on or after October 14, 2032, or upon the occurrence and continuation of a taxation event or capital event on or after the payment date The Company may, at its option, redeem the Bonds on any interest payment date on or after October 14, 2036, or upon the occurrence and continuation of a taxation event or capital event on or after the payment date 10. Payment date September 3, 2026 11. Subordination The Bonds rank subordinated to general senior debt and senior to common stock of the Company. 12. Equity credit 50% equity credit for the financing amount, as assigned by Rating and Investment Information, Inc. and S&P Global Ratings Japan Inc. 13. Rating BBB+ (Rating and Investment Information, Inc.) (*1) The fixed interest rate will be applied from the day after September 3, 2026 to October 14, 2032, and a variable interest rate from the day after October 14, 2032 ("Step-up interest rates" will be applied from the day after October 14, 2036 and the day after October 14, 2052) (*2) The fixed interest rate will be applied from the day after September 3, 2026 to October 14, 2036, and a variable interest rate from the day after October 14, 2036 ("Step-up interest rates" will be applied from the day after October 14, 2036) (Notes) The Company intends to use the proceeds from the bond issues for the redemption of First unsecured subordinated bonds with optional interest payment deferral and early redemption provisions . The Company set up a shelf registration for the issue of bonds with a maximum possible amount of 500 billion yen on November 13, 2024. About the Panasonic Group Founded in 1918, the Panasonic Group is a global leader developing innovative technologies and solutions with wide-ranging applications in the consumer electronics, devices, B2B solutions, heating and cooling, electrical equipment and lighting, and energy sectors worldwide. The Panasonic Group consists of Panasonic Holdings Corporation, seven operating companies and affiliates both within Japan and overseas. Panasonic Holdings Corporation reported consolidated net sales of 8,048.7 billion yen for the year ended March 31, 2026. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/ This press release does not constitute an offer of any securities for sale. This press release has been prepared for the purpose of publicly announcing the terms of Panasonic Holdings Corporation's issuance of hybrid bonds (subordinated bonds) in Japan 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 sale in the United States. The securities referred to above have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act. ###

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