Sony : Notice Regarding the Setting of Parameters for Repurchase of Shares of Common Stock (Repurchase of Shares Under the Provision of Sony's Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)

August 4, 2020

Sony Corporation

Notice Regarding the Setting of Parameters for Repurchase of Shares of Common Stock (Repurchase of Shares Under the Provision of Sony's Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)

Sony Corporation ("Sony") has today approved by resolution of its Board of Directors the setting of parameters for repurchase of shares of its own common stock pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 34 of Sony's Articles of Incorporation, as follows.

1. Reason for Setting Parameters

The following parameters have been set for the purpose of enabling Sony to flexibly repurchase its own shares in consideration of factors such as opportunities for strategic investment, Sony's financial condition and the price of its common stock.

2. Parameters for the Repurchase of Shares

（1）	Class of shares for	Common stock of Sony
repurchase
	Total number of shares for	20 million shares（maximum）
（2）	（1.64% of total number of shares issued and
repurchase
	outstanding (excluding treasury stock))
（3）	Total purchase price for	100 billion yen（maximum）
repurchase of shares
（4）	Period of repurchase	August 5, 2020 to March 31, 2021
		Expected open market purchase through the Tokyo
（5）	Method of repurchase	Stock Exchange based on a discretionary trading
		contract

Depending on investment opportunities, market environment and other factors, it is possible that no share repurchase, or a share repurchase of only a portion of the above, will be carried out.

(For reference) Status of treasury stock as of June 30, 2020

Total number of shares

issued and outstanding 1,221,430,370 shares (excluding treasury stock)

Number of treasury stock

39,628,411 shares

End of document