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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: Momosuke Ozuku, General Manager, Office of Financing and Accounting
Tel: +81-6-6441-8821
Kansai Electric Power Co., Inc. (the Company) announces that it has repurchased pursuant to Article 156 of the Company Law of Japan as applied pursuant to Article 165, Paragraph 3, as detailed below.
With this transaction, the Company has reached the maximum amount of repurchase as decided upon at the October 30, 2007 meeting of the Board of Directors.
| 1. Period of purchase |
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November 1 - 22, 2007 |
| 2. Number of shares purchased |
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7,494,900 |
| 3. Total purchase value |
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19,999,970,500 yen |
| 4. Method of purchase |
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Purchased on open market on Tokyo Stock Exchange |
(Reference)
1. Detail of decision of October 30, 2007 Board of Directors meeting
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(1) |
Class of shares to be repurchased: |
Kansai Electric ordinary shares |
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(2) |
Maximum number of shares: |
8,000,000 shares
(Representing 0.8% of total outstanding shares)
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(3) |
Maximum amount of repurchase: |
20,000 million yen |
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(4) |
Repurchase schedule |
From November 1, 2007 to December 28, 2007 |
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