Millea Holdings, Inc. (the "Company") announced that it has repurchased its own shares from the market, pursuant to the resolution of its board of directors dated June 28, 2005. 

The Company also announced that on September 12, 2005 its board of directors approved repurchases of its own shares, pursuant to Article 211-3, paragraph 1, item 2 of the Commercial Code, as detailed below. 

1. Details of the share repurchases made pursuant to the June 28, 2005 resolution 

(a) Period in which repurchases were made: 
     From June 29, 2005 through September 9, 2005.

(b) Number of shares repurchased: 12,904 shares. 

(c) Aggregate purchase price of shares: 19,999,350,000 yen.

(d) Method of repurchase: Purchased through the Tokyo Stock Exchange.


2. Details of the share repurchases to be made pursuant to the September 12, 2005 resolution 

(1) Reasons for the repurchases of shares
     The Company intends to repurchase its own shares in order to implement flexible 
     financial policies.

(2) Details of the repurchases of shares

     (a) Class of shares to be repurchased: Common stock of Millea Holdings, Inc. 
   
     (b) Aggregate number of shares to be repurchased: Up to 4,000 shares. 
                                                               (Approximately 0.2% of total issued shares.)
     (c) Aggregate purchase price of shares: Up to 4.8 billion yen. 
   
     (d) Period in which repurchases may be made:
          From September 13, 2005 through October 7, 2005.

(For reference)

Details of the resolution made at the meeting of the board of directors held on June 28, 2005 are as follows.

(a) Class of shares to be repurchased: Common stock of Millea Holdings, Inc.

(b) Aggregate number of shares to be repurchased: Up to 17,500 shares. 
                                                               (Approximately 1.0% of total issued shares.)

(c) Aggregate purchase price of shares: Up to 20 billion yen.

(d) Period in which repurchases may be made: 
     From June 29, 2005 through September 9, 2005.