Tokio Marine Holdings, Inc. (the "Company") announced that on August 11, 2008 its board of directors resolved repurchases of its own shares, pursuant to Article 156 of the Companies Act which is applicable in accordance with Article 165, paragraph 3 of the Companies Act, as detailed below.

1. Reason for the repurchase of shares

The Company intends to repurchase its own shares in order to implement flexible financial policies and to prepare for the exercise of stock acquisition rights (122,100 shares to be issued upon exercise of stock acquisition rights) that will be allotted to our directors and corporate auditors, etc. pursuant to the stock option scheme under the stock-linked compensation plan announced on August 11, 2008.

2. Details of the resolution made on August 11, 2008

(a) Class of shares to be repurchased:
      Common stock of the Company.
(b) Aggregate number of shares to be repurchased:
      Up to 18,000,000 shares.
      (Represents approximately 2.2% of total issued shares excluding treasury shares.)
(c) Aggregate purchase price of shares:
      Up to 50.0 billion yen.
(d) Period in which repurchases may be made:
      From August 12, 2008 through November 18, 2008 except September 22, 2008 through September 30, 2008.

(For reference)

Total issued shares as of July 31, 2008 (excluding treasury shares): 802,281,986 shares
Number of treasury shares held by the Company as of July 31, 2008: 2,242,389 shares