June 28, 2006
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766
Announcement regarding share repurchases from the market
(Acquisition by the Company of its own shares pursuant to the provision of its Articles of Incorporation in accordance with Article 165, paragraph 2 of the Corporation Law.)
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