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News Release：Pioneer Announces Results of Purchase of its Own Shares in the Market

Information contained in the news release is current as of the date of announcement.
It is subject to change without prior notice.

Pioneer
February 14, 2003
Pioneer Corporation

Pioneer Announces Results of Purchase of its Own Shares in the Market

TOKYO - Pioneer Corporation has announced that it purchased its own shares on the Tokyo Stock Exchange pursuant to the provisions of Article 210 of the Commercial Code of Japan, as follows:

Description

1. Type of shares purchased: Shares of common stock of the Company:
2. Total number of shares purchased: 1,500,000 shares
3. Total purchase price: 3,621,046,500 yen
4. Method of purchase: Purchase on the Tokyo Stock Exchange
5. Period of purchase: From February 7, 2003 to February 14, 2003

(References)

1 ) Matters approved with respect to the purchase of the Company's own shares at the ordinary general meeting of shareholders held on June 27, 2002:

  • Type of shares to be purchased: Shares of common stock of the Company
  • Total number of shares to be purchased: Up to 10,000,000 shares
  • Total purchase price: Up to 20,000,000,000 yen

2 ) Status of the purchase of the Company's own shares pursuant to the approval at the ordinary general meeting of shareholders held on June 27, 2002, to date:

  • Total number of shares purchased: 5,110,000 shares
  • Total purchase price: 11,491,989,500 yen

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