Today, a board meeting of Sanyo Epson Imaging Devices Corporation proposed the following changes to its board of directors and corporate auditors. The changes are subject to approval at the company's annual general meeting and board meeting to be held on May 30, 2005, and an election of corporate auditors.

1. Promotion & appointment of directors and auditor
President (currently vice-president): Shuji Aruga
Vice-president (currently managing director): Takuya Kobayashi
Senior managing director (currently managing director): Yuzo Ichinose
Director: Masaru Shingu
Auditor (part-time): Yasuo Nakayama

These changes to be effective May 30, 2005.

2. Retirement
Retirement of representative director
Teruo Tabata will retire from his position as president and representative director.
Retirement of corporate auditor
Takahiro Ogawa will retire as a part-time auditor.

These changes to be effective May 30, 2005.

3. Reasons for personnel changes
Sanyo Epson Imaging Devices Corporation was established on October 1, 2004, through a merger of Epson's Displays Operations Division and Sanyo Electric's various display operations. Sanyo Epson's goal is to become the leading manufacturer of small and medium-sized liquid crystal displays for mobile phones, digital cameras, and automotive applications.
Since its launch, the new company has rapidly pursued the integration of its operations and the fusion of the Epson and Sanyo corporate cultures. As it has now made substantial progress in building a corporate structure suitable for a leading LCD manufacturer, such as by focusing on small and medium-sized displays through selection and concentration, integrating systems, and reorganizing and strengthening its sales structure, the company has decided to appoint a new executive team.
The new executives will work together with the company's employees to further strengthen Sanyo Epson's corporate structure in order that the company as a whole will make further forceful strides forward in the future.
Please see the attachment for a profile of the new president.

About Sanyo Epson
Sanyo Epson Imaging Devices Corporation was established by Epson and Sanyo Electric Co., Ltd. on October 1, 2004. Epson holds 55% of the joint venture, and SANYO 45%. The new company aims to become a leading manufacturer of small and medium-sized liquid crystal displays for mobile phones, digital cameras, and automotive applications. For further information, visit Sanyo Epson's website at http://www.sanyo-epson.com/e/.

About Epson
Epson is a global leader in imaging products including printers, projectors and LCDs. With an innovative and creative culture, Epson is dedicated to exceeding the vision and expectations of customers worldwide with products known for their superior quality, functionality, compactness and energy efficiency. Epson is a network of 85,647 employees in 115 companies around the world, and is proud of its ongoing contributions to the global environment and to the communities in which it is located. Led by the Japan-based Seiko Epson Corp., the Group had consolidated sales of 1479.7 billion yen in fiscal 2004. For further information, visit Epson's website at http://www.epson.co.jp/e/.

About SANYO
Sanyo Electric Co., Ltd. is one of the global consumer electronics giants leading the way in technology innovation for its strategic business domains "Digital & Device" and "Energy & Ecology." SANYO's businesses cover a broad range from AV/information and communications equipment, home appliances, commercial equipment, electronic devices, batteries and others. For further information, visit SANYO's website at http://www.global-sanyo.com/.