Toshiba Corporation Ownership of Toshiba Television Central Europe (5195R)

TIDMTOS

RNS Number : 5195R

Toshiba Corporation

28 October 2013

This is the translation of an announcement submitted to the Tokyo Stock Exchange.

October 28, 2013

Representative: Hisao Tanaka

President & CEO, Toshiba Corporation

1-1-1 Shibaura, Minato-ku, Tokyo, Japan

Contact: Naoto Hasegawa, General Manager

Public Relations & Investor Relations Office

Tel: [phone]

Change in Ownership of Toshiba Television Central Europe

This is to give notice, as per the attachment, Toshiba Corporation (TOKYO:6502) today announced that it has concluded a definitive agreement to transfer ownership of Toshiba Television Central Europe Sp. zoo. , an LCD TV manufacturing company in Poland that supplies products to the European market, to Compal Electronics, Inc. of Taiwan.

Toshiba does not plan to revise projections for fiscal 2013 business performance due to this matter.

October 28, 2013

Change in Ownership of Toshiba Television Central Europe

-Toshiba to reorganaize LCD TV Supply Structure in Europe -

TOKYO - Toshiba Corporation (TOKYO:6502) today announced that it has concluded a definitive agreement to transfer ownership of Toshiba Television Central Europe Sp. z o.o. (TTCE), an LCD TV manufacturing company in Poland that supplies products to the European market, to Compal Electronics, Inc. of Taiwan (Compal). The target for finalization of the transfer is the fourth quarter of FY2013, following completion of necessary anti-trust clearance procedures.

After the transfer of ownership to Compal, Toshiba will continue to supply the European market with LCD TVs manufactured at the plant, through an original design manufacturer (ODM) partnership with Compal.

Compal has long been one of Toshiba's ODM partners in LCD TVs, and through the synergy of Compal's cost-competitive production expertise and Toshiba's capabilities in developing differentiated products, Toshiba aims to further increase its competitiveness in Europe.

Toshiba will continue to promote reforms of its business processes and operations, aiming to see profit in its visual products business in the second half of this fiscal year

Outline of TTCE

Company name: Toshiba Television Central Europe Sp. z o.o.

Established: September 2006

Location: Kobierzyce, Poland

Representative: Yasuhide Ozo

Number of Employees: Approximately 700

Business: Production of medium- and large-screen LCD TVs

About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm

# # #

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEANEPAFFDFEF