Purchase of Own Securities

Konami Corporation
24 April 2002


                  Announcement of Acquisition of Treasury Stocks

KONAMI CORPORATION (the Company) announces that, in the meeting of Board of
Directors held on 24 April 2002, it has decided the acquisition of treasury
stocks as following pursuant to changes of Commercial Code put in force on 1
October 2001.

1. Acquisition of Stocks 

  a. Type of shares to be acquired: common stock of the Company

  b. Number of shares to be acquired: 2,000,000 shares (maximum) 
      Note: up to 1.5 percent of the total number of shares issued

  c. Total acquisition cost: 6 billion yen (maximum) 
      Notes:
      Total number of shares that can be retired by acquisition permitted in the 
      articles of incorporation: 11,000,000 shares 
      Aggregated number of shares acquired since the above provision was 
      established in the articles of incorporation: 4,556,800 shares

2. Reasons for Acquisition

   Considering that the partly amended Commercial Code put in force on 1 October 
   2001 permits the acquisition and continuous holding of treasury stock 
   regardless the purposes, the Company shall acquire the treasury stocks for 
   the following reasons.

    By holding treasury stocks, the Company shall aim:
    - to improve efficiency of capital and bring profits to shareholders;

    - to develop flexible financial strategy including exchange of stocks for 
    the future business tie-ups;

    - to utilize for stock option plans


  (For Inquiries from Media Agency Personnel) 
KONAMI   CORPORATION   Public Relation Department 
4-3-1 Toranomon, Minato-ku, Tokyo 
Tel: [phone] 
Fax: [phone] 
http://www.konami.com/



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