Press Release

Press Release

Chubu Electric to Acquire and Cancel Treasury Shares

January 28, 2011
Chubu Electric Power Co.,Inc.

Chubu Electric to Acquire and Cancel Treasury Shares
(Acquisition based on establishment of articles of association following Company Law, Article 165, Paragraph 2, and Cancellation based on Company Law, Article 178)

Chubu Electric Power Company, Incorporated hereby announces that, at the January 28, 2011 meeting of the Board of directors, it decided to acquire treasury shares under Article 156 of the Company Law of Japan as applied pursuant to Article 165, Paragraph 3, and to cancel treasury shares under Article 178 of the Company Law of Japan.

<Details>

1 Intention for acquiring and cancelling treasury shares

  The resolution intends to raise shareholder value

2 Acquisition details

 (1) Type of shares to be acquired

    Chubu Electric common share

 (2) Maximum number of shares

    5 million shares

    (0.7% of shares issued excluding treasury shares)

 (3) Maximum acquisition value of shares

    12 billion yen

 (4) Acquisition period

    February 01, 2011 - March 31, 2011

3 Cancellation details

(1) Type of shares to be canceled

    Chubu Electric common share

(2)Number of shares to be canceled

    All the shares acquired as stated above in "2 Acquisition details"

(3)Cancellation date

    Between the completion of acquisition as stated above in "2 Acquisition details", and April 30, 2011

<Reference>

 Treasury shares held by Chubu Electric as of December 31, 2010

    Total shares issued (excluding treasury shares)

      762,837,257 shares

    Treasury shares

      162,743 shares

Go to the Top of the Page