Pioneer Announces Amount to Be Paid Relating to Issuance of New Shares to Mitsubishi Electric Corporation

  Tokyo, Feb 23, 2010 - (JCN Newswire) - Pioneer Corporation (hereinafter & quot;Pioneer & quot;) hereby announces that it has determined today the amount to be paid and other matters relating to the issuance of new shares through the third-party allotment to Mitsubishi Electric Corporation (hereinafter & quot;Mitsubishi Electric & quot;; and the third-party allotment to Mitsubishi Electric shall be referred to as the & quot;Third-party Allotment & quot;), which was resolved at the meeting of its board of directors held on February 9, 2010. Details are provided below.  

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