Acquisition of Third-party Allotment of Takara

Konami Co Ltd
27 April 2000

ANNOUNCEMENT OF ACQUISITION OF THE THIRD-PARTY ALLOTMENT CAPITAL INCREASE OF
TAKARA CO., LTD.

We, Konami, announce that the following matters was resolved regarding the
acquisition of the third-party allotment of Takara Co., Ltd's capital increase
(Securities Code: 7969) by the Board of Directors held on April 27, 2000.

1. Summary of the terms (Third Party Allocation)
 (1) Issue Price:      400 Yen per share
 (2) Number of New Shares:  8,430,000 shares
 (3) Total Issue Price:      3,372,000,000 Yen
 (4) Payment Date:          July 31, 2000
 (5) Prospective Investors: Number of Shares
        Konami Co., Ltd     8,430,000 shares
       (Securities Code: 9766)

2. Objectives of the transaction:
 The strategic capital alliance between Konami and Takara targets the
enhancement of the expertise and strength by such as
a. an acquisition of major contents with partnership and with competitiveness
b. mutually utilizing each party's contents
c. joint development of e-commerce merchandise/software

3. Decision of stock price to be issued:
 The value of the deal was determined by taking the average share price of
Takara for the three preceding months from April 26, 2000 with 9% discount.

4. Limitations:
 The transaction will be valid on the condition that the increase of the
capital be determined by the Shareholders Meeting of Takara to be held in
June, 2000.

Further inquiries from press
Konami Co., Ltd Public Relations Section
4-3-1, Toranomon, Minato-ku, Tokyo, 105-6021 Japan
Tel: [phone] Fax: [phone]
http://www.konami.com