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 February 7, 2005.

The Company also announced a correction to the aggregate purchase price of shares repurchased pursuant to the January 17, 2005 resolution, which was made public on February 7, 2005. 

The Company also announced that on March 7, 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 February 7, 2005 resolution
   (a) Period in which repurchases were made:
            From February 8, 2005 through March 4, 2005.
   (b) Number of shares repurchased:
            3,946 shares.
   (c) Aggregate purchase price of shares:
            5,999,900,000 yen.
   (d) Method of repurchase:
            Purchased through the Tokyo Stock Exchange. 

2.orrection to the details of the share repurchases made pursuant to the January 17, 2005 resolution
   (a) Period in which repurchases were made:
            From January 18, 2005 through February 4, 2005.
   (b) Number of shares repurchased:
            4,773 shares.
   (c) Aggregate purchase price of shares:
            Correction: 6,999,540,000 yen.
            (Previous report: 6,993,780,000 yen.)
   (d) Method of repurchase:
             Purchased through the Tokyo Stock Exchange. 

(*) As a result, the following correction is made to the details of the share repurchases made pursuant to the resolutions of the board of directors since July 1, 2004 through February 4, 2005 pursuant to Article 211-3, paragraph 1, item 2 of the Commercial Code, which was made public on February 7, 2005.

   (a) Aggregate number of shares repurchased:
            48,387 shares.
            (Approximately 2.7% of total issued shares.)
   (b) Aggregate purchase price of shares:
            Correction: 73,392,390,000 yen.
            (Previous report: 73,386,630,000 yen.) 

3.Details of the share repurchases to be made pursuant to the March 7, 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 3,500 shares.
             (Approximately 0.2% of total issued shares.)
        (c) Aggregate purchase price of shares:
             Up to 4 billion yen.
        (d) Period in which repurchases may be made:
             From March 8, 2005 through April 1, 2005. 

(For reference)

1.Details of the resolution made at the meeting of the board of directors held on February 7, 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 5,200 shares.
        (Approximately 0.3% of total issued shares.)
   (c) Aggregate purchase price of shares:
        Up to 6 billion yen.
   (d) Period in which repurchases may be made:
        From February 8, 2005 through March 4, 2005. 

2.Details of the share repurchases made pursuant to the resolutions of the board of directors since July 1, 2004 pursuant to Article 211-3, paragraph 1, item 2 of the Commercial Code
   (a) Aggregate number of shares repurchased:
        52,333 shares.
        (Approximately 2.9% of total issued shares.)
   (b) Aggregate purchase price of shares:
        79,392,290,000 yen.