Millea Holdings, Inc. (the "Company") announced that, at the meeting of the board of directors held on May 21, 2008, it adopted the following resolutions regarding the distribution of surplus with a record date of March 31, 2008 and share repurchases with a set annual maximum.

The Company intends to make the following proposal for the distribution of surplus for approval at the 6th Ordinary General Meeting of Shareholders to be held on June 23, 2008.

1. Distribution of surplus
(1) Details of the distribution

	Expected dividends	Previous forecast on dividends (*)	Dividends paid for the fiscal year ended March 31, 2007
Record date	March 31, 2008	March 31, 2008	March 31, 2007
Amount of dividends per share	30 yen	30 yen	21 yen
Total amount of dividends	24,066 million yen	-	17,290 million yen
Effective date	June 24, 2008	-	June 26, 2007
Source of dividends	Retained earnings	-	Retained earnings

(*) Forecast announced on November 20, 2007.

(2) Reasons for the distribution
The Company considers the distribution of profits to shareholders as one of the most important management tasks and has focused on its improvement. The Company aims to improve its dividend payout ratio in the medium-term. With regard to the dividends for the fiscal year ended March 31, 2008, in view of the aforementioned policy and the business results for the fiscal year, the Company resolved a dividend in the amount of 30 yen per share. Together with the interim dividend which was paid in the amount of 18 yen per share, the annual amount of dividends to be paid will be 48 yen per share, an increase of 12 yen per share from the previous fiscal year.


(Reference) Breakdown of annual dividends

Record date	September 30		March 31		Annual amount
	Per share amount	Total amount	Per share amount	Total amount	Per share amount	Total amount
Fiscal year ended March 31, 2008	18 yen	14,674 million yen	30 yen	24,066 million yen	48 yen	38,741 million yen
Fiscal year ended March 31, 2007	15 yen	12,533 million yen	21 yen	17,290 million yen	36 yen	29,823 million yen

2. Share repurchases with a set annual maximum

The board of directors approved repurchases of its own shares with a set annual maximum of 100 billion yen during the period beginning on June 24, 2008 and ending on the Company's 7th Ordinary General Meeting of Shareholders, scheduled for June 2009. Based on this plan of share repurchases with a set annual maximum, the board of directors will set the maximum aggregate purchase price and the maximum aggregate number of shares to be repurchased for each period in which repurchases may be made, pursuant to Article 156 which is applicable in accordance with Article 165, paragraph 3 of the Corporation Law. The Company may modify this plan of share repurchases, in light of changes in the business environment of the Company.