Announcement of share-buyback program (Pursuant to Article 210 of the Commercial Code of Japan) [KEPCO]

Press Releases & News

2003

May 20,2003
The Kansai Electric Power Co., Inc.

Announcement of share-buyback program (Pursuant to Article 210 of the Commercial Code of Japan)

The board of directors of the Kansai Electric Power Co., Inc. (the Company) resolved today to propose a share-buyback program at the 79th General Meeting of Shareholders to be held on June 27, 2003. The Company will be entitled to implement share buybacks with approval from the shareholders in accordance with Article 210 of the Commercial Code.

1. Purpose of share-buyback

The share-buyback program will enable the Company to adopt timely and flexible capital policy measures from time to time in response to changes in the business environment.

2. Outline of share-buyback

(1) Type of shares to be purchased
	Common stock

(2) Total number of shares authorized for buyback
	Up to 16 million shares (Representing 1.7% of shares issued and outstanding)

(3) Total amount of shares authorized for buyback
	Up to 30 billion yen