Millea Holdings, Inc. (the "Company") announced that, at the meeting of the board of directors held on May 23, 2007, it adopted the following resolutions regarding the distribution of surplus with a record date of March 31, 2007 and share repurchases with a set annual maximum.

The Company intends to make the following proposal for the distribution of surplus for approval at the 5th Ordinary General Meeting of Shareholders to be held on June 25, 2007.

1. Distribution of surplus
(1) Details of the distribution
(*) Forecast announced on November 22, 2006.

(2) Reasons for the distribution
The Company considers the distribution of profits to shareholders as one of the most important management tasks and has focused on its improvement. The Company aims to improve its dividend payout ratio in the medium-term. With regard to the dividends for the fiscal year ended March 31, 2007, in view of the aforementioned policy and the business results for the fiscal year, the Company resolved a dividend in the amount of 21 yen per share. Together with the interim dividend which was paid in the amount of 15 yen per share, the annual amount of dividends that will be paid will be 36 yen per share, an increase of 6 yen per share from the previous fiscal year.

(Reference) Breakdown of annual dividends

Record date	September 30		March 31		Annual amount
	Per share amount	Total amount	Per share amount	Total amount	Per share amount	Total amount
Fiscal year ended March 31, 2007	15 yen	12,533 million yen	21 yen	17,290 million yen	36 yen	29,823 million yen
Fiscal year ended March 31, 2006	-	-	30 yen	25,207 million yen	30 yen	25,207 million yen

2. Share repurchases with a set annual maximum

The board of directors approved repurchases of its own shares with a set annual maximum of 90 billion yen during the period beginning on June 26, 2007 and ending on the Company's 6th Ordinary General Meeting of Shareholders, scheduled for June 2008. Based on this plan of share repurchases with a set annual maximum, the board of directors will set the maximum aggregate purchase price and the maximum aggregate number of shares to be repurchased for each period in which repurchases may be made, pursuant to Article 156 which is applicable in accordance with Article 165, paragraph 3 of the Corporation Law. The Company may modify this plan of share repurchases, in light of changes in the business environment of the Company.