Dissolution of Subsidiary

Konami Corporation
22 February 2005


FOR IMMEDIATE RELEASE
                                                               February 22, 2005

                                                              KONAMI CORPORATION
                                      2-4-1 Marunouchi, Chiyoda-ku, Tokyo, Japan
                                                                 Kagemasa Kozuki
                                                   Chairman of the Board and CEO
                                                             Ticker 9766 at TSE1
                                                         Contact: Toshiro Tateno
                                        Director and Executive Corporate Officer
                                                            Tel: [phone]


                            Dissolution of Subsidiary



Konami Corporation ('Konami') announced today that, pursuant to resolutions
adopted at meetings of the respective Boards of Directors of Konami and Konami
Computer Entertainment School Inc., ('KCE School') a wholly-owned subsidiary of
Konami, held on February 22, 2005, Konami will dissolve KCE School, effective on
March 31, 2005.


1.       Background of Dissolution and Liquidation

KCE School was established to foster creative talent for video games in March,
1997. However, in the process of expanding our business to include the health
industry in addition to the entertainment industry, we established Konami's
subsidiary Konami School Inc. in August 2003 to foster excellent personnel for
all of our business segments. We concluded that KCE School had concluded its
role (all of the students currently enrolled in KCE School are graduating in the
beginning of March 2005) and will dissolve it as of March 31, 2005.


2.       Outline of Dissolved Company

Location of head office          6-10-1 Roppongi Minato-ku, Tokyo
Name of representative           Shinichi Saito
director and president
Capital                          490 million yen
Ownership                        100% by Konami Corporation


3.  Schedule of Dissolution

March 31, 2005                   Extraordinary general meeting, Dissolution date
Middle of June, 2005             Completion of Liquidation


4.  Impact of Dissolution

Konami does not expect that the dissolution of this subsidiary will have a
material impact on its consolidated results of operations or financial
condition.



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