Millea Holdings, Inc. (the "Company") announced that, pursuant to the resolution of its board of directors on August 22, 2007, it has repurchased its own shares through the Tokyo Stock Exchange as described in “1” below. The Company also announced that on September 18, 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 August 22, 2007

(a) Period in which repurchases were made:
      From August 23, 2007 through September 14, 2007.
(b) Number of shares repurchased:
      1,577,600 shares.
(c) Aggregate purchase price of shares:
      6,799,734,000 yen.
(d) Method of repurchase:
      Purchased through the Tokyo Stock Exchange.

2. Repurchases resolved by the board of directors on September 18, 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 4,000,000 shares.
     (Represents approximately 0.5 % of total issued shares.)
(c) Aggregate purchase price of shares:
      Up to 13.6 billion yen.
(d) Period in which repurchases may be made:
      From October 1, 2007 through November 19, 2007.

(For reference)

1. Details of the resolution made at the meeting of the board of directors held on August 22, 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 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 repurchase may be made:
      From August 23, 2007 through September 14, 2007.