Former Mitsui Marine Press Releases/August 25, 2000(Mitsui Sumitomo Insurance)

August 25, 2000

Treasury Stock Acquisition Notification
(Retirement of shares under the Special Exceptions of the Commercial Code)

Mitsui Marine and Fire Insurance Co., Ltd.

TOKYO, August 25, 2000 -- At a board meeting on August 25, 2000, the directors of Mitsui Marine and Fire Insurance Co., Ltd. (Chairman, President, and CEO : Takeo Inokuchi, Code: 8752) passed the following resolution in regard to treasury stock acquisitions in accordance with Article 3 of the "Law concerning the Special Exceptions of the Commercial Code of Japan with respect to the Procedures for the Cancellation of Shares".

This is the second series of treasury stock acquisition. The acquisition commenced in fiscal year 1999 as part of our treasury stock strategy. Assuming that the company can purchase the targeted number of shares for retirement, the total number of shares retired since the beginning of fiscal year 1999 will be 30million accounting for 3.8% of the total number of shares outstanding at the start of fiscal year 1999.

Treasury Stock Acquisition

(1)

Type of shares to be purchased: Mitsui Marine and Fire Insurance Co., Ltd. par value shares of common stock

(2)

Number of shares: 22 million shares

(3)

Total cost: Yen 13,500 million

Note: Under the Articles of Incorporation, the Company can retire up to 77 million shares

<<caution >>
You and any officer, agent or employee of the corporation to which you belong who has obtained the contents of this release will be deemed the primary recipients of corporate insider information by virtue of the provisions of Paragraph 3 of Article 166 of the Securities and Exchange Law and Article 33 of the Securities and Exchange Law Enforcement Order and will be subject to insider regulations under such Law and Order until the elapse of 12 hours from the time when this press release was made (until around 5:00a.m.on August 26, 2000, Tokyo time).