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November 17, 2005

Determination of Final Terms of Stock Acquisition Rights for the Purpose of Granting Stock Options

Sony Corporation (the “Corporation”) announced today that the final terms of Stock Acquisition Rights for shares of common stock of the Corporation for the purpose of granting stock options, which issues were resolved at the meeting of its Board of Directors held on October 26, 2005, have been determined as set forth below.

I. The Tenth Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation

1. Amount to be paid in per share to be issued or transferred upon exercise of Stock Acquisition Rights
4,060 yen

2. Aggregate amount of issue price of shares to be issued upon exercise of Stock Acquisition Rights
4,563,846,000 yen

3. The amount to be accounted for as stated capital in respect of shares to be issued upon exercise of Stock Acquisition Rights
2,030 yen per share

II. The Eleventh Series of Stock Acquisition Rights for Shares of Common Stock

1. Amount to be paid in per share to be issued or transferred upon exercise of Stock Acquisition Rights
34.14 US dollars

2. Aggregate amount of issue price of shares to be issued upon exercise of Stock Acquisition Rights
46,686,450 US dollars

3. The amount to be accounted for as stated capital in respect of shares to be issued upon exercise of Stock Acquisition Rights
17.07 US dollars per share

Notes:

1. Date of Ordinary General Meeting of Shareholders
June 22, 2005

2. Issue date of Stock Acquisition Rights
November 17, 2005

3. Aggregate number of Stock Acquisition Rights
The Tenth Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation: 11,241
The Eleventh Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation: 13,675

4. Issue price of Stock Acquisition Rights
The Stock Acquisition Rights are issued without the payment to the Corporation of any consideration.

5. Class and number of shares to be issued or transferred upon exercise of Stock Acquisition Rights
The Tenth Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation: 1,124,100 shares of common stock of the Corporation*
The Eleventh Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation: 1,367,500 shares of common stock of the Corporation*
*The number of shares to be issued or transferred upon exercise of each Stock Acquisition Right shall be 100 shares of common stock of the Corporation.

6. Period during which Stock Acquisition Rights may be exercised
The Tenth Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation:
From and including November 17, 2006, up to and including November 16, 2015*
The Eleventh Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation:
From and including November 18, 2005, up to and including November 17, 2015*
*If the last day of such period falls on a holiday of the Corporation, the immediately preceding business day shall be the last day of such period.

7. Conditions for exercise of Stock Acquisition Rights
[1]  No Stock Acquisition Right may be exercised in part.
[2]  If a share exchange or a share transfer by which the Corporation becomes a wholly-owned subsidiary of another company is approved at the General Meeting of Shareholders of the Corporation, the holders of the Stock Acquisition Rights may not exercise the Stock Acquisition Rights on and after the effective date of such share exchange or share transfer.

8. Persons to whom Stock Acquisition Rights will be allocated
The Tenth Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation:
Directors, corporate executive officers and employees of the Corporation and its subsidiaries (total: 623)
The Eleventh Series of Stock Acquisition Rights for Shares of Common Stock of the Corporation:
Directors, corporate executive officers and employees of the Corporation and its subsidiaries (total: 501)
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