Announcement of Share-buyback Program (Pursuant to Article 211-3, Paragraph 1, Item 2 of Japanese Commercial Code) [KEPCO]

Press Releases & News

2005

April 21,2005
The Kansai Electric Power Co., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL https://www.kepco.co.jp)

Company Representative:: Yohsaku Fuji, President and Director
Contact:: Yasushi Sugimoto, General Manger, Office of Financing and Accounting

Announcement of Share-buyback Program (Pursuant to Article 211-3, Paragraph 1, Item 2 of Japanese Commercial Code)

Kansai Electric Power Co., Inc. (the Company) announces that the board of directors today passed a resolution purchasing its own shares pursuant to Article 211-3, Paragraph 1, Item 2 of Japanese Commercial Code.

1. Purpose of share-buyback

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

2. Outline of share-buyback

(1)	Class of shares to be repurchased :	Kansai Electric ordinary shares
(2)	Maximum number of shares:	9,300,000 shares (Representing 1.0% of total outstanding shares)
(3)	Maximum amount of repurchase:	20,000 million yen
(4)	Repurchase schedule	April 22, 2005

(Reference) Number of treasury stock held as of March 31, 2005

Total outstanding shares (excluding treasury stock):	941,356,219 shares
Number of treasury stock:	21,342,509 shares