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Press Releases & News

line2005

November 7,2005
The Kansai Electric Power Co., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL https://www.kepco.co.jp)
Company Representative:
Shosuke Mori, President and Director
Contact:
Yasushi Sugimoto, General Manager, 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: 5,750,000 shares
(Representing 0.6% of total outstanding shares)
(3) Maximum amount of repurchase: 15,000 million yen
(4) Repurchase schedule

From November 9, 2005 to December 28, 2005

(Reference)Number of treasury stock held as of September 30, 2005

Total outstanding shares (excluding treasury stock): 932,781,310 shares
Number of treasury stock: 29,917,418 shares