Millea Holdings, Inc. (the "Company") announced that, pursuant to the resolution of its board of directors on July 5, 2007, it has repurchased its own shares through the Tokyo Stock Exchange as described in “1” below. The Company also announced that on August 22, 2007, its board of directors approved repurchases of its own shares, pursuant to Article 156 which is applicable in accordance with Article 165, paragraph 3 of the Corporation Law, as detailed in “2” below.

1. The result of the repurchases pursuant to the resolution of the board of directors on July 5, 2007

(a) Period in which repurchases were made:
      From July 9, 2007 through August 21, 2007.
(b) Number of shares repurchased:
      6,504,100 shares
(c) Aggregate purchase price of shares:
      30,999,699,000 yen
(d) Method of repurchase:
      Purchased through the Tokyo Stock Exchange

2. Repurchases resolved by the board of directors on August 22, 2007

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

(2) Details of the resolution

   (a) Class of shares to be repurchased:
         Common stock of the Company.
   (b) Aggregate number of shares to be repurchased:
         Up to 2,000,000 shares.
         (Represents approximately 0.2% of total issued shares.)
   (c) Aggregate purchase price of shares:
         Up to 6.8 billion yen.
   (d) Period in which repurchases may be made:
         From August 23, 2007 through September 14, 2007.

(For reference)

1. Details of the resolution made at the meeting of the board of directors held on July 5, 2007 are as follows.

(a) Class of shares to be repurchased:
      Common stock of the Company.
(b) Aggregate number of shares to be repurchased:
      Up to 7,000,000 shares.
      (Represents approximately 0.8% of total issued shares.)
(c) Aggregate purchase price of shares:
      Up to 31 billion yen
(d) Period in which repurchase may be made:
      From July 9, 2007 through August 21, 2007.