May 21, 2008
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766
A Proposed Amendment to the Articles of Incorporation
Millea Holdings, Inc. (the "Company") announced that, at the meeting of the Board of Directors held on May 21, 2008, it resolved to propose an amendment to the Articles of Incorporation for approval at the 6th Ordinary General Meeting of Shareholders to be held on June 23, 2008 as set forth below.
1. Reasons for the Amendment
The Company is striving to advance the growth strategies of the Millea Group on a world-wide basis to increase the corporate value of the entire group. In order to effectively implement these strategies, the Company decided to change its company name from "Millea Holdings, Inc." to "Tokio Marine Holdings, Inc." where it uses the name “Tokio Marine”, which it believes to have world-wide recognition.
In connection with the name change described above, the Company will propose a necessary amendment to Article 1 of the Articles of Incorporation.
2. Details of the Amendment
The details of the amendment are as follows:
The Company shall be named "Kabushiki Kaisha Millea Holdings", which in English shall be "Millea Holdings, Inc.".
The Company shall be named "Tokio Kaijo Holdings Kabushiki Kaisha", which in English shall be "Tokio Marine Holdings, Inc.".
3. Schedule for the Amendment
The date of the 6th Ordinary General Meeting of Shareholders: June 23, 2008
Effective date of the amendment: July 1, 2008