November 27, 2001
| Results of Stock Repurchases |
To whom it may concern:
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
This is to announce that NIPPONKOA Insurance Co., Ltd.
has acquired treasury stocks on the market as follows, in accordance with Article 3,
paragraph 1 of the former "Law Concerning Special Exceptions to the Commercial Code
Relating to the Procedure for Cancellation of Shares", under the application of
Article 3, paragraph 4 of the "Supplementary Provisions to the Law Concerning the
Amendment of the Commercial Code".
| 1. |
Repurchase Period: From November 1, 2001 to
November 26, 2001 |
| 2. |
Number of Shares Repurchased: 1,990,000
shares |
| 3. |
Total Amount of Repurchase:
878,515,000 yen |
(Reference 1) Cumulative Number and Amount of shares repurchased up to November 26, 2001:
(1) |
Number of Shares Repurchased: |
1,990,000 shares |
(2) |
Total Amount of Repurchase: |
878,515,000 yen |
(Reference 2) Contents of Resolution of the Board of Directors held on October 26, 2001
(1) |
Type of shares to be acquired: |
Common stock |
| (2) |
Number of shares to be acquired: |
(Not exceeding) 10 million shares |
| (3) |
Aggregate acquisition cost: |
(Not exceeding) 5 billion yen |
(Reference 3)
| (1) |
Total number of shares that can be purchased and
cancelled as provided for in the Articles of Incorporation: |
80,000,000 shares |
| (2) |
Total number of shares acquired after the date
specified by the Articles of Incorporation (April 2, 2001): |
1,990,000 shares |
|
