Revisions to "The Policy on Shareholder Return" and Dividends Forecasts for Fiscal Year Ending March 31, 2013

Chubu Electric Power has made progress toward its December 2012 target for completing tsunami countermeasures at Hamaoka Nuclear Power Station, but recently decided on an extension of about a year. As a result, we expect our challenging financial situation to continue (such as a continuation of our greatly increased thermal power fuel costs) for the time being.

In light of these circumstances, the Board of Directors of Chubu Electric Power decided at its July 30, 2012 meeting to make the following revisions to our "The Policy on Shareholder Return" and "Dividends forecasts for fiscal year ending March 31, 2013."

Chubu Electric Power will continue to take initiatives to further enhance safety at Hamaoka Nuclear Power Station while seeking greater management efficiency as we endeavor to practice stable and sustainable business operations and meet shareholders' expectations.

1. The Policy on Shareholder Return

The company will work to maintain stable dividends after taking account of financial condition and other factors, while continuously investing in building and operating facilities that are essential for a safe and stable supply of electricity.

[Reference: Pre-change "The Policy on Shareholder Return"]

The company will work to maintain current level of dividends (60 yen per annum per share).  

It is based to meet shareholders' expectations steadily, as well as to continue investments for building and operating facilities, that are essential for a stable supply of electricity.

2. Dividends forecasts for fiscal year ending March 31, 2013