Millea Holdings, Inc. (the "Company") announced that it has determined a method for repurchasing its own shares, pursuant to Article 156 which is applicable 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, to be conducted at 8:45 a.m. on June 29, 2006, at the closing price of 2,060,000 yen per share as of June 28, 2006. 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 as 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: 28,500 shares.

	Note 1:	The above number of shares shall not be changed. However, there is a possibility that a part or all of such shares may not be repurchased due to market conditions, etc.
	Note 2:	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 time of 8:45 a.m. on June 29, 2006 .

(For reference) 

Details of the resolution made at the board of directors held on June 28, 2006 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 47,000 shares. (Represents approximately 2.8% of total issued shares.)
(c)	Aggregate purchase price of shares: Up to 90 billion yen.
(d)	Period in which repurchases may be made: From June 29, 2006 through September 8, 2006.