Sony Corporation (the "Corporation"), today, has determined to issue 2 tranches of straight bonds, with total amount of 150 billion yen, under the domestic bond shelf registration (The unused maximum aggregate issue price under the shelf: 150 billion yen, effective period: through July 26, 2002). The Corporation intends to use the proceeds of the issues for the repayment of indebtedness including existing straight bonds, and for investment.

The terms of the issues are as follows:

The Eleventh Series Unsecured Bonds (the "Bonds")

• Total amount of issue
  100 billion yen
• Denomination of each Bond
  100 million yen
• Form of Bonds
  Bearer Bonds with Coupons
• Interest rate
  0.64% per annum
• Issue price
  99.99% of the principal amount
• Redemption price
  100% of the principal amount
• Maturity date
  September 20, 2006
• Offering period
  September 4, 2001
• Payment date
  September 17, 2001
• Method of offering
  Public offering; provided, however, that the Bonds shall not be offered in the United States, or to any U.S. persons.
• Security
  The Bonds are not secured by any pledge, mortgage or other charge on any assets or revenues of the Corporation or of others nor guaranteed. There are no assets reserved as security for the Bonds.
• Special Covenants
  The Bonds are subject to certain covenants relating to the negative pledge.
• Redemption prior to maturity
  The Corporation may, at any time after the issue of the Bonds, purchase the Bonds and have such purchased Bonds canceled.
• Interest payment dates
  March 20 and September 20 of each year
• Lead manager and Book- runner
  The Nomura Securities Co., Ltd.
• Fiscal agent
  Sumitomo Mitsui Banking Corporation
• Ratings
  The Bonds have been given ratings of "Aa3" from Moody's Investors Service, Inc., "A+" from Standard & Poor's, and "AA+" from Rating and Investment Information, Inc.

The Twelfth Series Unsecured Bonds (the "Bonds")

• Total amount of issue
  50 billion yen
• Denomination of each Bond
  100 million yen
• Form of Bonds
  Bearer Bonds with Coupons
• Interest rate
  1.52% per annum
• Issue price
  99.99% of the principal amount
• Redemption price
  100% of the principal amount
• Maturity date
  September 20, 2011
• Offering period
  September 4, 2001
• Payment date
  September 17, 2001
• Method of offering
  Public offering; provided, however, that the Bonds shall not be offered in the United States, or to any U.S. persons.
• Security
  The Bonds are not secured by any pledge, mortgage or other charge on any assets or revenues of the Corporation or of others nor guaranteed. There are no assets reserved as security for the Bonds.
• Special Covenants
  The Bonds are subject to certain covenants relating to the negative pledge.
• Redemption prior to maturity
  The Corporation may, at any time after the issue of the Bonds, purchase the Bonds and have such purchased Bonds canceled.
• Interest payment dates
  March 20 and September 20 of each year
• Lead manager and Book- runner
  The Nomura Securities Co., Ltd.
• Fiscal agent
  Sumitomo Mitsui Banking Corporation
• Ratings
  The Bonds have been given ratings of "Aa3" from Moody's Investors, Service Inc., "A+" from Standard & Poor's, and "AA+" from Rating and Investment Information, Inc.