Notice of Discontinuance 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

2012

January 31,2012
The Kansai Electric Power Co., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL https://www.kepco.co.jp)

Company Representative:: Makoto Yagi, President and Director
Contact:: Momosuke Ozuku, General Manager, Office of Financing and Accounting

Notice of Discontinuance 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 to discontinue the purchase of its own shares, resolved pursuant to Article 156 of the Companies Law of Japan as applied pursuant to Article 165, Paragraph 3 on April 27, 2011.
This is because our business environment has changed since the resolution of Share-buyback Program.

1. Contents of the resolution made by the Board of Directors on April 27, 2011

(1)	Class of shares to be repurchased:	Kansai Electric ordinary shares
(2)	Maximum number of shares:	11,000,000 shares (Representing 1.2% of total outstanding shares (excluding treasury stock) )
(3)	Maximum amount of repurchase:	19,000 million yen
(4)	Repurchase schedule:	From May 2, 2011 to March 31, 2012

2. Accumulating total own shares repurchased in accordance with the above resolution

(1)	Total number of shares:	0 shares
(2)	Total amount of repurchase:	0 yen