Press Release


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December 10, 2001



Determination of Final Terms of the Bonds with Warrants and Bonds with Warrants for Shares of Subsidiary Tracking Stock Linked to Sony Communication Network for the Purpose of the Incentive Plan


Tokyo, December 10, 2001, Sony Corporation (The "Corporation") announced today that final terms of the Thirteenth Series Unsecured Bonds with Warrants and the Fourteenth Series Unsecured Bonds with Warrants for Shares of Subsidiary Tracking Stock Linked to Sony Communication Network, the issues of which were authorized by the Board of Directors of the Corporation at its meeting held on November 30, 2001, have been fixed or determined as set forth below.

1. The Thirteenth Series Unsecured Bonds with Warrants
Interest rate: 0.90%
2. The Fourteenth Series Unsecured Bonds with Warrants for Shares of Subsidiary Tracking Stock Linked to Sony Communication Network Corporation
Interest rate: 0.90%



(For reference)
The Thirteenth Series Unsecured Bonds with Warrants
1. Total amount of issue: 7,300,000,000 yen
2. Issue price: 111.449944% of the principal amount of the Bonds
(Bonds: 100% of the principal amount, Warrants: 12% of the Denominated Amount)
3. Exercise price: 6,039 yen
4. Maturity date: December 21, 2007
5. Offering period: December 10, 2001
6. Payment date: December 21, 2001
7. All Warrants will be repurchased by the Corporation and granted, directly or through the Corporation's affiliated companies (the "Affiliated Companies"), to directors of the Corporation or the Affiliated Companies as part of their remuneration, and sold, directly or through the Affiliated Companies, to Corporate Executive Officers and key employees of the Corporation and executive officers and key employees of the Affiliated Companies.


The Fourteenth Series Unsecured Bonds with Warrants for Shares of Subsidiary Tracking Stock Linked to Sony Communication Network Corporation
1. Total amount of issue: 150,000,000 yen
2. Issue price: 100.46% of the principal amount of the Bonds
(Bonds: 100% of the principal amount, Warrants: 0.46% of the Denominated Amount)
3. Exercise price: 3,300 yen
4. Maturity date: December 21, 2007
5. Offering period: December 10, 2001
6. Payment date: December 21, 2001
7. All Warrants will be repurchased by the Corporation and sold to Sony Communication Network Corporation and granted from Sony Communication Network Corporation to Directors of Sony Communication Network Corporation as part of their remuneration, and sold to Corporate Executive Officers of Sony Communication Network Corporation.