Millea Holdings, Inc. (the "Company") announced that on June 28, 2006 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, to utilize the repurchased shares for share exchange with The Nisshin Fire and Marine Insurance Company, Limited and to prepare for the exercise of stock acquisition rights (194 shares to be issued upon exercise of stock acquisition rights) allotted to our directors and corporate auditors, etc. pursuant to a stock option scheme under a stock-linked compensation plan.

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 47,000 shares. (Represents approximately 2.8% of total issued shares.)
(c)	Aggregate purchase price of shares: Up to 90 billion yen.
(d)	Period in which repurchases may be made: From June 29, 2006 through September 8, 2006.