Millea Holdings, Inc. (the "Company") announced today that it has repurchased its own shares from the market, pursuant to Article 210 of the Commercial Code, as detailed below. 

   Period in which repurchases were made: 
     From July 1, 2003 through July 17, 2003.
   Number of shares repurchased:
     6,063 shares.
   Aggregate purchase price of shares:
     6,265,019,000 yen
   Method of repurchase:
     Purchased through the Tokyo Stock Exchange. 

(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 July 17, 2003. 
   (a) Aggregate number of shares repurchased:
           6,063 shares.
   (b) Aggregate purchase price of shares:
           6,265,019,000 yen