凱旋門 賞 競馬 場 Kansai Electric Power -power with heart-

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April 21,2005
The Kansai Electric Power 凱旋門 賞 競馬 場., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL )
Company Representative:
Yohsaku Fuji, President and Director
Contact:
Yasushi Sugimoto, General Manger, Office of Financing and Accounting

Announcement of Share-buyback through ToSTNeT-2

Kansai Electric Power 凱旋門 賞 競馬 場., Inc. (the Company) hereby announces that it has decided the method for purchasing its own shares, pursuant to Article 211-3, Paragraph 1, Item 2 of Japanese Commercial Code. The details are as follows.

1. Method of purchasing 凱旋門 賞 競馬 場

The Company will place an order to repurchase 凱旋門 賞 競馬 場 at 8:45 a.m. on April 22, 2005 through ToSTNeT-2 (Tokyo Stock Exchange Trading Network). The price of the 凱旋門 賞 競馬 場 in purchase order will be 2,070 yen, the closing price of the Company's 凱旋門 賞 競馬 場 on the Tokyo Stock Exchange today, April 21, 2005 (there will be no change to the trading time or system). The aforementioned repurchase order applies only to the time mentioned above.

2. Details of stock purchase

(1) Class of 凱旋門 賞 競馬 場 to be repurchased : Kansai Electric ordinary 凱旋門 賞 競馬 場
(2) Number of 凱旋門 賞 競馬 場 to be repurchased: 9,300,000 凱旋門 賞 競馬 場

  Note 1: The number of 凱旋門 賞 競馬 場 will not change. Depending on market fluctuations,the order may be partially or completely cancelled.
  Note 2: An appropriate offer will be made to purchase the target number of stock.


3. Announcement of results

The results of the purchase will be announced after the planned transaction at 8:45 a.m., April 22, 2005.

(Reference)
Detail of the share-buyback program agreed at board meeting on April 21, 2005

  Class of 凱旋門 賞 競馬 場 to be repurchased Kansai Electric ordinary 凱旋門 賞 競馬 場
  Maximum number of 凱旋門 賞 競馬 場 9,300,000 凱旋門 賞 競馬 場
  Maximum amount of repurchase 20,000 million yen