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Notice on Transfer of Group Companies' Interests

14 September, 2006

Toshiba Corporation (hereafter Toshiba) has agreed with General Electric Company (hereafter GE) to transfer Toshiba's interests in GE Toshiba Silicones Co., Ltd. and its six related companies as follows.

1. Outline of Transfer of Interests
(1) Companies involved in the transfer:
1) GE Toshiba Silicones Co., Ltd.
2) GETOS Singapore Pte. Ltd.
3) GE Toshiba Silicones Asia Pacific Pte. Ltd.
4) GE Toshiba Silicones (Nantong) Co., Ltd.
5) GE Toshiba Silicones Hong Kong Co., Ltd.
6) GE Toshiba Silicones Shanghai Co., Ltd.
7) GE Toshiba Silicones Thailand Ltd.
(2) Acquirors:
Toshiba will transfer its interests to GESM Canada Japan Holdings NK, GE Pacific Pte. Ltd., or other GE Group companies. The acquiror(s) then intend to transfer the interests to Apollo Management LP, a private equity fund.
(3) Price for Sale and Profit (consolidated-basis forecast)
Price for sale: Approximately 57.0 billion yen
Profit (pre-tax basis): Approximately 38.0 billion yen
(4) Timeline, etc.
The transfer is expected to be completed within 2006, subject to consent by the concerned financial institutions and closing of the transaction between GE and Apollo Management LP.

2. Reason for the transfer
Toshiba entered the silicone business in 1953, and since 1971 has operated it in a joint venture with GE. However, the silicone business now has increasingly less relevance to Toshiba's other businesses, and Toshiba decided to accept a proposal from GE to sell their entire silicone business to Apollo Management LP. As part of such sale, Toshiba decided to transfer its entire ownership interests in companies engaged in silicone business.

3. Impact on Business Forecast
Toshiba does not amend its consolidated and non-consolidated business forecasts for the fiscal year to March 2007 at this moment. Toshiba will continue to review its business forecasts, and if it becomes necessary to revise the forecasts in the future, Toshiba will promptly disclose the content of the revision.

Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement,but is subject to change without prior notice.

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