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| February 28, 2002 |
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| NOTICE REGARDING THE ACQUISITION OF TREASURY STOCK |
Name of the company: Mitsui Sumitomo Insurance Company, Limited
(the "Company")
Name of Representative : Hiroyuki Uemura, President and Director
(Securities Code No. 8752) |
| You are hereby notified that at the meeting of the Board of Directors held on February 28, 2002, the Company determined the acquisition of treasury stock of the Company pursuant to Section 1, Article 3 of the former Special Law regarding the Cancellation of Shares, in accordance with the adoption of Section 4, Article 3 of the supplementary provision of the Law regarding the Partial Amendments to the Commercial Code, etc. of Japan (Law No. 79, 2001) as described below. |
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| 1. Contents of the acquisition: |
| (1) Types of shares to be acquired:Common stock of shares of the Company |
| (2) Aggregate number of shares to be acquired:20,000,000 shares (maximum) |
(3) Aggregate amount of acquisition cost:¥13,000,000,000 (maximum)
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| 2. Reason for the acquisition: |
To improve the capital efficiency and thereby to return profits to shareholders, through the acquisition and holding of treasury stock of the Company
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(Reference)
Aggregate number of shares to be acquired prescribed in the Articles of Incorporation of the Company: 75,000,000 shares |
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