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November 28,2005
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 through ToSTNeT-2

Kansai Electric Power Co., Inc. (the Company) hereby announces that it has decided the method for purchasing its own shares, pursuant to Article 211-3, Paragraph 1, Item 2 of Japanese Commercial Code. The details are as follows.

1. Method of purchasing shares

The Company will place an order to repurchase shares at 8:45 a.m. on November 29, 2005 through ToSTNeT-2 (Tokyo Stock Exchange Trading Network). The price of the shares in purchase order will be 2,580 yen, the closing price of the Company's shares on the Tokyo Stock Exchange today, November 28, 2005 (there will be no change to the trading time or system). The aforementioned repurchase order applies only to the time mentioned above.

2. Details of stock purchase

(1) Class of shares to be repurchased: Kansai Electric ordinary shares
(2) Number of shares to be repurchased: 1,100,000 shares
 
  Note 1: The number of shares to be purchased will not change. Depending on the market conditions, however, there is a possibility that a part or all of such shares may not be repurchased.
  Note 2: An appropriate offer will be made to purchase the target number of stock.

3. Announcement of results

The results of the purchase will be announced after the planned transaction at 8:45 a.m., November 29, 2005.

(Reference) Detail of the share-buyback program agreed at the board meeting on November 7, 2005

Class of shares to be repurchased: Kansai Electric ordinary shares
Maximum number of shares: 5,750,000 shares
Maximum amount of repurchase: 15,000 million yen
Cumulative total of shares repurchased as of November 28, 2005 
  Number of shares repurchased: 4,650,000 shares
  Repurchase amount 11,857,377,000 yen