Millea Holdings, Inc. (the "Company") announced that on December 17, 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 made on December 17, 2007

(a) Class of shares to be repurchased:
      Common stock of the Company.
(b) Aggregate number of shares to be repurchased:
      Up to 14,000,000 shares.
      (Represents approximately 1.7% of total issued shares.)
(c) Aggregate purchase price of shares:
      Up to 38.6 billion yen.
(d) Period in which repurchases may be made:
      From January 4, 2008 through March 13, 2008.