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Press Release 2009

Progress in Acquisition (Buyback) of Treasury Stock(Acquisition based on provisions of articles of association following Company Law, Article 165, Paragraph 2)

December 1, 2009

Chubu Electric Power Co., Inc.

Chubu Electric has been acquiring treasury stock under Article 156 of the Company Law of Japan as applied pursuant to Article 165, Paragraph 3.
The acquisition had been decided upon at the October 30, 2009 meeting of the Board of Directors. Details of the acquisition are as below.

Details

1 Type of shares acquired

Chubu Electric common stock

2 Acquisition period

November 2 - 30, 2009(Date of contract)

3 Number of shares acquired

5,165,600 shares

4 Value of shares acquired

10,746,725,500 yen

5 Method of acquisition

Purchase on open market on Tokyo Stock Exchange

 

<Reference>

1 Details of the decision made at the October 30, 2009 meeting of the Board of Directors

 (1) Type of shares to be acquired

    Chubu Electric common stock

 (2) Maximum number of shares to be acquired

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

 (3) Maximum acquisition value of shares

    30 billion yen

 (4) Acquisition period

    November 2, 2009 - March 31, 2010

 

2 Cumulative total of treasury stock acquired by November 30, 2009, based on the above decision at the Board of Directors

 (1) Number of shares acquired
      5,165,600 shares

 (2) Value of shares acquired
      10,746,725,500 yen