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March 20, 2006
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766

Announcement regarding the cancellation of shares held by the Company

Millea Holdings, Inc. (the "Company") announced that on March 20, 2006 its board of directors approved the cancellation of shares held by the Company as treasury stock, pursuant to Article 212 of the Commercial Code, as detailed below.


Details of the cancellation of shares
(a) Class of shares to be cancelled:
Common stock of Millea Holdings, Inc.

(b) Number of shares to be cancelled:
40,000 shares.

(c) Scheduled date of the cancellation (date of nullification):
March 28, 2006.

(d) Number of issued shares (including treasury stock) after the cancellation:
1,687,048.75 shares.