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

2009

October 30,2009
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 Companies Law of Japan as applied pursuant to Article 165, Paragraph 3.

1. Purpose of share-buyback

For profit distribution to shareholders

2. Outline of share-buyback

(1)	Class of shares to be repurchased:	Kansai Electric ordinary shares
(2)	Maximum number of shares:	8,500,000 shares (Representing 0.9% of total outstanding shares (excluding treasury stock) )
(3)	Maximum amount of repurchase:	17,000 million yen
(4)	Repurchase schedule:	From November 4, 2009 to March 31, 2010

3. Other

The Company intends to retire its own shares which will be repurchased according to this Board resolution.

(Reference)Number of treasury stock held as of September 30, 2009

Total outstanding shares (excluding treasury stock):	910,513,437 shares
Number of treasury stock:	44,185,291 shares