RNS Number:6626U
Toshiba Corporation
27 January 2004

                                                                January 27, 2004


                                                Tadashi Okamura, President & CEO
                                                             Toshiba Corporation
                                         Shibaura 1-1-1, Minato-ku, Tokyo, Japan
                                        Contact: Hideo Kitamura, General Manager
                                                  Corporate Communication Office
                                                             Tel: 81 3 3457 2096


               Notice of Dissolution of A & T Battery Corporation

On January 27, 2004, Toshiba Corporation (hereafter called Toshiba) decided to
dissolve A & T Battery Corporation, a 100% Toshiba-owned subsidiary, by the end
of December 2004.


1.           Reason for the dissolution

The rechargeable lithium-ion battery business currently faces severe market
conditions, due to increasing competition and intensifying price pressure. After
assessing the difficulties involved in realizing a profit in the business, even
after extensive countermeasures, Toshiba decided to withdraw from the
rechargeable lithium-ion battery business and to dissolve A & T Battery
Corporation.



2. About A & T Battery Corporation

Head Office          Hatara-cho 1-9-2, Fukaya-shi, Saitama-ken

Representative       Hideo Ouchi   President & CEO

Business             Manufacture of Rechargeable Lithium-ion Battery

Capital              5,000 million yen

Principal 
Shareholders         Toshiba 100%


The total financial impact associated with this dissolution, to the end of March
2005, is estimated at around 16.0 billion yen. The share of this to be accounted
for in the FY2003 financial results has already been incorporated into Toshiba's
forecast for this fiscal year, as announced on October 24, 2003.

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