凱旋門 賞 オッズ Kansai Electric Power -power with heart-

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November 28,2005
The Kansai Electric Power 凱旋門 賞 オッズ., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL )
Company Representative:
Shosuke Mori, President and Director
Contact:
Yasushi Sugimoto, General Manager, Office of Financing and Accounting

Announcement of Share-buyback through ToSTNeT-2

Kansai Electric Power 凱旋門 賞 オッズ., 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 オッズ

The Company will place an order to repurchase shares at 8:45 a.m. on November 29, 2005 through ToSTNeT-2 (Tokyo Stock Exchange Trading Network). The price of the shares in 凱旋門 賞 オッズ order will be 2,580 yen, the closing price of the Company's shares on the Tokyo Stock Exchange today, November 28, 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 凱旋門 賞 オッズ

(1) Class of 凱旋門 賞 オッズ to be repurchased: Kansai Electric ordinary 凱旋門 賞 オッズ
(2) Number of 凱旋門 賞 オッズ to be repurchased: 1,100,000 凱旋門 賞 オッズ
 
  Note 1: The number of 凱旋門 賞 オッズ to be purchased will not change. Depending on the market conditions, however, there is a possibility that a part or all of such 凱旋門 賞 オッズ may not be repurchased.
  Note 2: An appropriate offer will be made to 凱旋門 賞 オッズ the target number of stock.

3. Announcement of results

The results of the 凱旋門 賞 オッズ will be announced after the planned transaction at 8:45 a.m., November 29, 2005.

(Reference) Detail of the share-buyback program agreed at the board meeting on November 7, 2005

Class of 凱旋門 賞 オッズ to be repurchased: Kansai Electric ordinary 凱旋門 賞 オッズ
Maximum number of 凱旋門 賞 オッズ: 5,750,000 凱旋門 賞 オッズ
Maximum amount of repurchase: 15,000 million yen
Cumulative total of 凱旋門 賞 オッズ repurchased as of November 28, 2005 
  Number of 凱旋門 賞 オッズ repurchased: 4,650,000 凱旋門 賞 オッズ
  Repurchase amount 11,857,377,000 yen