Press Release


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June 11, 2001



Determination of the Offering Price 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 determined the offering price of new shares of Subsidiary Tracking Stock as follows.
Offering Price:
3,300 yen per share (Subscription Price : 3,102 yen per share)
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Referenced terms:
1. Number of Shares to be Issued:
3,072,000 shares of Subsidiary Tracking Stock with par value
2. Method of Offering:
Public offering in Japan
3. Payment Date:
June 19, 2001
4. Commencement Date for Dividend Accrual:
April 1, 2001