May 20, 2002
| Notice related to Treasury Stock Acquisitions |
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
This is to announce that a meeting of the Board of Directors of NIPPONKOA Insurance Co.,
Ltd. held on May 20, 2002 passed a resolution to submit an agenda item in regard to
treasury stock acquisitions in accordance with Article 210 of the Commercial Code to the
58th Ordinary General Meeting of Shareholders scheduled to be held on June 27, 2002.
| 1. Purpose of treasury stock acquisitions: |
|
To ensure flexible capital management. |
| 2. Framework of acquisitions: |
|
(1) Type of shares
to be acquired: |
Common stock |
|
(2) |
Number of shares that can be acquired: |
(Not exceeding) 80 million shares
(9.5% of the total number of shares issued) |
|
(3) Aggregate acquisition
cost: |
(Not exceeding) 40 billion yen |
Note: The above-mentioned contents are subject to the condition that the agenda item "treasury stock acquisitions" be approved at the
58th Ordinary General Meeting of Shareholders scheduled to be held on June 27, 2002. This
resolution is to set a maximum limit of treasury stock that can be acquired during the
period from the closure of this General Meeting of Shareholders to the next Ordinary
General Meeting of Shareholders.
|
