February
18, 2003
Results of Share Repurchase through ToSTNeT-2 |
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
We hereby inform you that NIPPONKOA Insurance Co.,
Ltd. repurchased its own shares today, which we announced on February 17, 2003, as
follows:
| 1.Reason for Repurchase : |
Own share repurchase pursuant to the provisions of Article 210 of the
Commercial Code of Japan |
| 2.Type of shares repurchased: |
Common stock of NIPPONKOA Insurance Co., Ltd. |
| 3.Number of shares repurchased: |
10,000,000 shares |
| 4.Repurchase Price: |
435 yen per share |
| 5.Date of Repurchase: |
February 18, 2003 |
| 6.Method of Repurchase: |
Repurchased on ToSTNeT-2, the Tokyo Stock Exchange |
(Reference)
1. Contents of the resolution of the Annual General Meeting of Shareholders held on June
27, 2002
(1) Type of shares to be repurchased:
Common stock of NIPPONKOA Insurance Co., Ltd.
(2)Total number of shares authorized for repurchase:
(Not exceeding) 80 million shares
(3)Total cost of shares authorized for repurchase:
(Not exceeding) 40 billion yen
2.Number and cost of stocks repurchased up to February 18, 2003 :
(1) Aggregate number of
shares repurchased:
10,000,000 shares
(2) Aggregate
acquisition cost:
4,350,000,000 yen
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