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

    Sony Corporation


Sony Corporation (the "Corporation") announced today that the final
terms of Common Stock Acquisition Rights and Subsidiary Tracking Stock
Acquisition Rights for the purpose of granting stock options, which
issues were resolved at the meeting of its Board of Directors held on
October 23, 2003, have been determined as set forth below.

I. Common Stock Acquisition Rights

1. Amount to be paid in per share to be issued or transferred upon
exercise of Common Stock Acquisition Rights: 
    4,101 yen

2. Aggregate amount of issue price of shares to be issued upon
exercise of Common Stock Acquisition Rights:
    5,732,377,800 yen

3. Portion of issue price of shares which will accounted for as stated
capital in case shares are issued upon exercise of Common Stock
Acquisition Rights:
    2,051 yen per share

II. Subsidiary Tracking Stock Acquisition Rights

1. Amount to be paid in per share to be issued or transferred upon
exercise of Subsidiary Tracking Stock Acquisition Rights:
    815 yen

2. Aggregate amount of issue price of shares to be issued upon
exercise of Subsidiary Tracking Stock Acquisition Rights:
    37,082,500 yen

3. Portion of issue price of shares which will accounted for as stated
capital in case shares are issued upon exercise of Subsidiary Tracking
Stock Acquisition Rights:
    408 yen per share

Notes: 1.Date of Ordinary General Meeting of Shareholders
         June 20, 2003

2.Date of issue of Stock Acquisition Rights
         November 14, 2003

3.Aggregate number of Stock Acquisition Rights
         Common Stock Acquisition Rights: 13,978
         Subsidiary Tracking Stock Acquisition Rights: 455

4.Issue price of Stock Acquisition Rights
         No consideration shall be paid

5.Class and number of shares to be issued or transferred upon exercise
of Stock Acquisition Rights
    Common Stock Acquisition Rights:
        1,397,800 shares of common stock of the Corporation(a)
    Subsidiary Tracking Stock Acquisition Rights:
        45,500 shares of subsidiary tracking stock of the Corporation(a)
    (a)The number of shares to be issued or transferred upon exercise of each
       Stock Acquisition Right is 100.

6. Period during which Stock Acquisition Rights may be exercised
    From and including November 14, 2004 to and including November 13, 2013. 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) Each Stock Acquisition Right may not be exercised in part.
    (2) If share exchange or share transfer by which the Corporation
    becomes a wholly-owned subsidiary of another company is approved at
    the meeting of shareholders of the Corporation, a holder of the Stock
    Acquisition Rights may not exercise the Common Stock Acquisition
    Rights on and after the date of such share exchange or share transfer.


8.Persons to whom Stock Acquisition Rights shall be allocated
         Common Stock Acquisition Rights:
                   Directors, corporate executive officers and employees of the
                   Corporation and its subsidiaries (total: 604)

         Subsidiary Tracking Stock Acquisition Rights:
                   Directors and employees of Sony Communication Network
                   Corporation (total: 7)