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Press Release 2009

Chubu Electric to Acquire Treasury Stock(Acquisition based on establishment of articles of association following Company Law, Article 165, Paragraph 2)

October 30, 2009

Chubu Electric Power Co., Inc.

Chubu Electric announces that, at the October 30, 2009 meeting of the Board of Directors, it decided to acquire treasury stock under Article 156 of the Company Law of Japan as applied pursuant to Article 165, Paragraph 3.

Details

1 Reason for acquiring treasury stock

This acquisition will help raise shareholder value by enhancing capital efficiency and increasing net income per share.

2 Buyback details

 (1) Type of shares to be acquired

    Chubu Electric common stock

 (2) Maximum number of shares

    16 million shares
    (2.1% of shares issued excluding treasury stock)

 (3) Maximum acquisition value of shares

    30 billion yen

 (4) Period

    November 2, 2009 - March 31, 2010

3 Other

 The shares bought back will be retired

 

<Reference>

 Treasury stock held by Chubu Electric as of September 30, 2009

     Total shares issued (excluding treasury stock)
      776,600,098 shares

     Treasury stock
      2,404,567 shares