Millea Holdings, Inc. (the "Company") announced that on February 9, 2007 its board of directors resolved 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 below.

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 10,000,000 shares.
      (Represents approximately 1.2% of total issued shares.)
(c) Aggregate purchase price of shares:
       Up to 41.4 billion yen.
(d) Period in which repurchases may be made:
       From February 14, 2007 through February 19, 2007.