1. Date of the Meeting: July 31, 2012 Approximate time required: 30 minutes Presenter: Andy Kaplan Attendants: Contact Person ： Drew Shearer Note: Please provide a concise summary in one page. Avoid using abbreviations. Submit to: GEC Secretariat/CEO Office email :hq-gec-emc@jp.sony.com Tel : +81-3-6748-2750 1. Proposed Matter to be Deliberated: SPE seeks deliberation of the following transaction in relation to Maa TV in Southern India: Acquire 51% of Maa TV at close plus an additional 1.3% in FYE15 for a total cash outlay of INR 6.1BN ($111MM) for 52.3%. 2. Purpose, Background, Future Plan etc: SPT has grown its international networks and is now a leading global channels business reaching over 750 million homes in 160 countries and 22 languages. SPT's presence in India is currently concentrated in the northern Hindi-speaking regions. Maa TV operates 4 channels in Andhra Pradesh, a high-growth region in Southern India that has stronger growth and 29% higher incomes than in SPT's existing India footprint. Maa TV’s main general entertainment channel is currently the #2 channel in Andhra Pradesh. Current Maa TV shareholders are N. Prasad (67.2%), local actors (30.7%) and key employees participating in ESOP plan (2.1%). SPE is seeking approval to acquire a majority stake in Maa TV for INR 6.1BN ($111MM) with INR 5.9BN ($107MM) payable in FYE13 and INR 200MM ($3.6MM) payable in FYE15. This investment yields an after tax IRR of 17% and an after tax NPV of $23MM. SPE will have a call option on the 47.7% minority position beginning on the 5th anniversary of closing. The price for this portion will be fair market value, determined by mutual agreement or by independent valuation if agreement cannot be reached. Acquisition of Maa TV will provide SPT with a strategic presence in Southern India, bring SPT closer to a national India footprint and provide revenue diversification and growth opportunities beyond our current focus in Northern India. To Sony, this acquisition will deliver broader and deeper brand exposure as well as provide numerous collaboration opportunities with Sony's Television, Electronics and Mobile divisions. SPE has identified the following as major investment risks but has plans to mitigate them, which will be explained at the GEC: (1) Potential downturn in the Indian advertising market, (2) Slower-than-expected channel growth, (3) operational disruptions due to integration and (4) dynamic regulatory environment. 3. Due Review Process Prior to GEC: Sony Corporation Investment Committee review of this matter scheduled for July 26, 2012. Group Executive Committee Application Form - Approval request to propose to board of directors meeting- Management direction request - Advance deliberation of matters requiring CEO’s approval- Reporting (circle appropriate item) Executive Officer in Charge: Kazuo Hirai Manager in Charge: Michael Lynton Department: SPE Agenda Item: Department: SPT Finance, SPE Tel: +1 310 244 8964 E-mail: drew_shearer@spe.sony.com David Hendler, SEVP, CFO, SPE Lauren Glotzer, EVP of Corporate Development, SPE Leah Weil, SEVP, General Counsel and Secretary, SPE Juhn Fukunaga, EVP & Deputy General Counsel, SPE Steve Mosko, President, Sony Pictures Television Andy Kaplan, President, Sony Pictures Television Networks Man Jit Singh, CEO, Multi Screen Media (SPT’s India Networks) George Chien, SVP, Sony Pictures Television Networks Drew Shearer, EVP, Sony Pictures Television A.Kobayashi, Corporate Planning H.Nagata, Corporate Planning