July 5, 2007
Millea Holdings, Inc.
President: Shuzo Sumi
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 July 5, 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 and to prepare for the exercise of stock acquisition rights (90,600 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 7,000,000 shares.
(Represents approximately 0.8% of total issued shares.)
(c) Aggregate purchase price of shares:
Up to 31 billion yen.
(d) Period in which repurchases may be made:
From July 9, 2007 through August 21, 2007.