Notice of Share-buyback Program(Pursuant to the Articles of Incorporation and the provisions of Article 165, Paragraph 2 of the Companies Law) [KEPCO]

Press Releases & News

2007

October 30,2007
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:: Momosuke Ozuku, General Manager, Office of Financing and Accounting

Notice of Share-buyback Program
(Pursuant to the Articles of Incorporation and the provisions of Article 165, Paragraph 2 of the Companies Law)

Kansai Electric Power Co., Inc. (the Company) announces that at the meeting of the Board of Directors held today, the Company resolved the purchase of its own shares pursuant to Article 156 of the Company Law of Japan as applied pursuant to Article 165, Paragraph 3.

1. Purpose of share-buyback

The share-buyback program will enable the Company to raise shareholders' value and enhance capital efficiency.

2. Outline of share-buyback

(1)	Class of shares to be repurchased:	Kansai Electric ordinary shares
(2)	Maximum number of shares:	8,000,000 shares (Representing 0.8% of total outstanding shares)
(3)	Maximum amount of repurchase:	20,000 million yen
(4)	Repurchase schedule	From November 1, 2007 to December 28, 2007

(Reference)Number of treasury stock held as of September 30, 2007

Total outstanding shares (excluding treasury stock):	926,396,632 shares
Number of treasury stock:	36,302,096 shares