AOL Time Warner Inc.
International Business Machines Corp.
Hitachi, Ltd.
Matsushita Electric Industrial Co., Ltd.
Mitsubishi Electric Corporation
Toshiba Corporation
Victor Company of Japan, Ltd. (JVC)

June 20, 2002: The DVD6C Licensing Agency -- which represents six leading developers of DVD technology and formats, AOL Time Warner Inc., Hitachi, Ltd., Matsushita Electric Industrial Co., Ltd., Mitsubishi Electric Corporation, Toshiba Corporation and Victor Company of Japan, Ltd. (JVC) -- today announced that the International Business Machines Corporation "IBM" has joined their worldwide joint licensing program for DVD-Video players, DVD-ROM drives, DVD decoders and DVD-Video and DVD-ROM discs.

The DVD6C joint licensing program was launched in 1999. The DVD6C license portfolio consists of the members' essential patents for the DVD-Video and DVD-ROM formats. DVD6CLA currently has over 120 licensees worldwide.

IBM's membership in the joint licensing program will benefit existing and future licensees of DVD6C, who will obtain a license to IBM's essential patents for the DVD-Video and DVD-ROM formats at no additional charge.

Further information on the DVD6C licensing program is available at the DVD6C Website: www.dvd6cla.com.

Prospective licensees may contact:

In Japan:
Toshiba Corporation
Office of DVD Patent Licensing
8th Floor, Sumitomo-Hamamatsucho Bldg.
18-16, Hamamatsucho 1-chome, Minato-ku, Tokyo 105-0013
Japan
Phone: +81-3-5777-3286
Fax: +81-3-5401-2503

In Asia (excluding Japan), Oceania and the Middle East:
Hitachi, Ltd.
DVD Licensing Group
Hitachi Atago Bldg., 15-12, Nishi Shinbashi 2-chome
Minato-ku, Tokyo 105-8430
Japan
Phone: +81-3-3506-1668
Fax: +81-3-3506-1669

In North and South Americas:
Matsushita Electric Corporation of America (Panasonic)
Exclusive Regional Agent for DVD 6C Licensing Agency
c/o Weil, Gotshal & Manges LLP
201 Redwood Shores Parkway
Redwood Shores, California 94065
U.S.A.
Phone: +1-650-802-3146
Fax: +1-650-802-3100

In Europe and Africa:
Toshiba of Europe Ltd.
Audrey House, Ely Place,
London, EC1N 6SN
Phone: +44(0)20 7421 7618
Fax: +44(0)20 7421 7626