Acquisiton of own shares

Konami Corporation
27 July 2006

FOR IMMEDIATE RELEASE


                                                                   July 27, 2006

                                                              KONAMI CORPORATION

                                      2-4-1 Marunouchi, Chiyoda-ku, Tokyo, Japan

                                                                 Kagemasa Kozuki

                                                 Representative Director and CEO

                                                 Stock code number: 9766 at TSE1

                                                      Contact: Noriaki Yamaguchi

                                                 Representative Director and CFO

                                                            Tel: [phone]



                   Announcement on Acquisition of Own Shares

(Pursuant to Article 163 of the Corporate Law of Japan 'Acquisition of treasury
                            stock from subsidiary')


KONAMI CORPORATION ('Konami') hereby announces the acquisition of its own shares
from its subsidiary, as resolved in the meeting of Board of Directors held on
July 27, 2006, pursuant to Article 163 of the Corporate Law of Japan.


1.        Name of subsidiary:                     Konami Sports & Life Co., Ltd.

2.        Outline of Acquisition:

1)       Type of shares acquired:                 Shares of Common Stock

2)       Total number of shares acquired:         3,048,430 shares (Percentage of total number of shares outstanding:   
                                                                    2.12%)

3)       Total acquisition cost:                  7,621,075,000 yen

(Tokyo Stock Exchange July 26, 2006, closing share price of Konami, multiplied
by the number of shares acquired)

4)       Acquisition date:                        July 28, 2006

5)       Acquisition method:                      Negotiated transaction by stock transfer contract

3.        Summary of acquisition

Konami will acquire its own shares from Konami Sports & Life Co., Ltd., which
became a wholly owned subsidiary by stock exchange executed on March 1, 2006.


(Reference)

1.        Status of holding treasury stock as of June 30, 2006.

1)       Total number of shares outstanding (treasury stock excluded):     140,204,413 shares

2)       Number of treasury stock:                                           3,351,373 shares


                      This information is provided by RNS
            The company news service from the London Stock Exchange   D

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