Sales of Subsidiary's Stocks

RNS Number:2939R
Toshiba Corporation
24 October 2003

                                                                October 24, 2003
                                                             Toshiba Corporation


          Toshiba to Sell a Part of Its Owned Stocks of its Subsidiary,
                       Shibaura Mechatronics Corporation

Toshiba Corporation has decided to sell a part of its owned stocks of Shibaura
Mechatronics Corporation (Headquarters: Yokohama City, Kanagawa, President:
Hiroo Okuhara, Stock Code: 6590), Japan-based subsidiary company of Toshiba
Corporation in November 2003.

1.     Number of Stock to be sold by Toshiba Corporation:  4,500,000 *

* equals 8.99% of total outstanding stocks issued by Shibaura Mechatronics.

Toshiba's share of Shibaura Mechatronics' stocks is expected to decrease from
the current 46.92% to 37.93% after the sellout. We plan to sell Shibaura
Mechatronics' stocks, giving consideration to the impact of such sellout to the
stock market.

2.  Reason for the Sellout, etc:

Toshiba plans to sell the stocks as part of its efforts to reduce the company's
liabilities. Toshiba's sellout will also result in improvement of distribution
of Shibaura's stocks, and disclosure of Shibaura Mechatronics to unaffiliated
parties for marketable stocks. The plan was mutually agreed between the two
companies concerned.

3. Timing of the Sellout:            November 2003

Contact for the press: Corporate Communications Office: 81-(0)-3-3457-2105

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