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May 31, 2001
Determination of Issue Price and Certain Other Terms in Connection with the Offering of Shares of Subsidiary Tracking Stock
Sony Corporation will not register any portion of the offering of Subsidiary Tracking Stock in the United States or offer any Subsidiary Tracking Stock in the United States. The Subsidiary Tracking Stock or other securities may not be offered for sale or sold in the United States absent registration or an exemption from registration requirements under the U.S. Securities Act of 1933, as amended. These materials do not constitute an offer for sale of securities in the United States or any other jurisdiction in which such an offer is restricted.
Sony Corporation (the "Corporation") resolved at a meeting of its Board of Directors today the issue price of new shares of Subsidiary Tracking Stock and certain other terms which were not fixed at the previous meeting of its Board of Directors held on May 15, 2001. The following is an outline of the terms resolved.
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