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Press Release 2010

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

January 4, 2010

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

December 1 - 31, 2009 (Date of contract)

3 Number of shares acquired

5,395,000 shares

4 Value of shares acquired

12,073,377,000 yen

5 Method of acquisition

Purchase on open market on Tokyo Stock Exchange

 

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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 December 31, 2009, based on the above decision at the Board of Directors

(1) Number of shares acquired

10,560,600 shares

(2) Value of shares acquired

22,820,102,500 yen