Millea Holdings, Inc. (Millea Holdings) announced today that it has repurchased its own shares through ToSTNeT-2 as announced the day before (September 8, 2003), pursuant to Article 210 of the Commercial Code. The details are as follows.

   Class of shares repurchased: 
        Shares of common stock of Millea Holdings.
   Number of shares repurchased:
        6,397 shares.
   Purchase price:
        1,200,000 yen per share.
   Aggregate purchase price:
        7,676,400,000 yen.
   Date of repurchase:
        September 9, 2003.
   Method of repurchase:
        Purchased through ToSTNeT-2 (Tokyo Stock Exchange Trading Network System-2) 
        (closing price orders). 

(For reference)

Details of the resolution made at the 1st ordinary general meeting of shareholders held on June 27, 2003 are as follows.

   (a)Class of shares to be repurchased: 
        Common stock of Millea Holdings.
   (b)Aggregate number of shares to be repurchased:
        Up to 120,000 shares.
        (Represents approximately 6.5% of the shares outstanding.)
   (c)Aggregate purchase price of shares:
        Up to 100 billion yen.
   Status as of September 9, 2003.
        (a) Aggregate number of shares repurchased: 28,347 shares.
        (b) Aggregate purchase price of shares: 32,489,169,000 yen.