The Kansai Electric Power Co., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL http://www.kepco.co.jp)
Company Representative: Shosuke Mori, President and Director
Contact: Yasushi Sugimoto, General Manager, Office of Financing and Accounting
Tel: +81-6-6441-8821

  Kansai Electric Power Co., Inc. (the Company) announces that at the meeting of the Board of Directors held today, the Company resolved the year-end dividend per share for the fiscal year ended March 31, 2006 as follows.

  This resolution will be proposed at the 82nd Ordinary General Meeting of Shareholders, which is scheduled to be held in late June 2006. (Year-end dividend needs to be approved at the general meeting of shareholders.)

1. Reasons for dividend increase

  The Company's basic policy for profit distribution is to increase shareholders value continuously while maintaining a stable dividend. In accordance with this basic policy, the Company strengthens price-competitiveness and improves financial position by increasing efficiency with the priority of safety operation.
  Hereby, the Company resolved to increase the year-end dividend for the fiscal year ended March 31, 2006, by 10 yen per share, to 35 yen per share by taking into consideration the earnings for the fiscal year ended March 31, 2006 and future earnings forecasts as well.
  As a result, the Company's annual dividend will be 60 yen per share, including the interim dividend of 25 yen per share.

2. Details of dividend increase for the fiscal year ended March 31, 2006