Millea Holdings, Inc. (the "Company") announced that it has determined a method for repurchasing its own shares, pursuant to Article 156 of the Corporation Law which is applicable to the Company in accordance with Article 165, paragraph 3 of the Corporation Law, as described below.

1. Method of the repurchase

The Company intends to repurchase its own shares through ToSTNeT-2 (closing price orders), or Tokyo Stock Exchange Trading Network System-2, at 8:45 a.m. on February 14, 2007, at the February 13, 2007 closing price of 4,260 yen per share. Changes to other transaction methods or other transaction times shall not be made. Such purchase order is to be placed only at the transaction time designated above.

2. Details of the repurchase

a. Class of shares to be repurchased:
    Common stock of the Company.
b. Number of shares to be repurchased:
    9,718,300 shares.

     Note 1: The above number of shares to be repurchased shall not be changed. However, there is a
                   possibility that a part or all of such shares may not be repurchased due to circumstances
                   beyond the Company's control, e.g. market conditions.
     Note 2: The repurchase of shares will be made based on the sales order corresponding to the
                   proposed number of the shares to be repurchased.

3. Disclosure of the results

The acquisition results will be disclosed after the transaction is completed, which is expected to occur at 8:45 a.m. on February 14, 2007.

(For reference)

Details of the relevant resolution made at the meeting of the board of directors held on February 9, 2007 are as follows.

(a) Class of shares to be repurchased:
      Common stock of the Company.
(b) Aggregate number of shares to be repurchased:
      Up to 10,000,000 shares.
      (Representing approximately 1.2% of total issued shares.)
(c) Aggregate purchase price of shares:
      Up to 41.4 billion yen.
(d) Period in which repurchases may be made:
      From February 14, 2007 through February 19, 2007.