Revised Re Alliance

Konami Corporation
08 March 2006

 The following amendment has been made to the Re Alliance announcement released
                 on 07 March 2006 at 07:18 under RNS No 3985Z.

                                (DETAIL CHANGE).

     5. Number of shares owned around the Time of the Sales and Sales Price
             Corrected from (Acquisition price 59.93 million yen),
               Corrected to (Acquisition price 5,993 million yen)
                      All other details remain unchanged.

                      The full amended text is shown below

                                                                   March 7, 2006

FOR IMMEDIATE RELEASE



                                                              KONAMI CORPORATION
                                                                 Kagemasa Kozuki
                                                   Chairman of the Board and CEO
                                                             Ticker 9766 at TSE1



                                                      Contact: Noriaki Yamaguchi
                            Executive Vice President and Chief Financial Officer
                                                            Tel: [phone]


  Announcement on Acquisition of Resort Solution Shares and Business Alliance


KONAMI CORPORATION ('Konami') announced that, pursuant to resolutions adopted at
meeting of the Board of Directors of Konami, held on March 7, 2006, Konami
concluded a stock subscription agreement with Nomura Principal Finance Co., Ltd.
('Nomura') to acquire some of the shares of common stock of RESORT SOLUTION
CO.,LTD. ('Resort Solution') owned by Nomura. In addition to the share
acquisition, Konami concluded an alliance agreement to develop mutual businesses
for both Resort Solution and Konami Group as follows.


1. Objective of Acquiring shares and business alliance

Konami decided to acquire 11,329,000 shares of Resort Solution (Approximately
20% of outstanding shares of Resort Solution) for cash at March 10, 2006,
pursuant to the stock subscription agreement concluded between Nomura and
Konami. This share acquisition is aimed at achieving a smooth business alliance
between the Konami group and Resort Solution, and to contribute to the business
development of the two companies. Konami entered into the contracts to establish
the basic terms for a future business alliance. The detailed terms and content
of the business alliance going forward will be determined through additional
discussions between Konami and Resort Solution.


2. Outline of the business alliance

(1) The joint development of facilities by Konami Sports Corporation and Resort 
    Solution.

(2) The joint management of facilities or mutual consignment by both companies.

(3) Sharing facilities to allow members of either company's facilities to use 
    all facilities.

(4) Development of commodities and services for active seniors.

(5) Development of facilities reservation services on the Internet Revolution 
    Inc. portal site.




3. Summary of Resort Solution

(1) Registered name               Resort Solution Co.,Ltd.

(2) Main Business                 Management and development, etc. of golf courses,
                                  hotels, and resort facilities.

(3) Date of incorporation         February 27, 1931

(4) Location of head office       6-24-1, Nishi Shinjuku, Shinjuku-ku, Tokyo

(5) Representative                Hideaki Hirata, Representative Director and 
                                  President

(6) Securities exchange           Listed in the 1st section of Tokyo Stock Exchange

(7) Sales revenue                 21,636 million yen (Year ended March 31, 2005)

(8) Capital                       3,948 million yen ( As of March 31st, 2005)

(9) Total asset                   27,979 million yen (As of March 31st, 2005)

(10) Fiscal year end              March 31

(11) Number of employees          342 ( As of March 31st, 2005)

(12) Major shareholders:          Nomura Principal Finance Co., Ltd: 18.90 
                                  million shares (33.3%)

(before acquisition)              Mitsui Fudosan Co., Ltd. 18.79 million shares 
                                  (33.1%)

                                  Misawa Capital Co., Ltd 3.31 million shares 
                                  (5.8%)

(13) Relation to Konami           N/A


4. The counterparty the shares acquired from
(1) Registered name               Nomura Principal Finance Co.,Ltd.

(2) Representative                Akira Maruyama

(3) Location of head office       Chiyoda-ku, Tokyo

(4) Main business                 Investment company

(5) Relation to Konami            N/A


5. Number of shares owned around the Time of the Sales and Sales Price

(1) Number of Shares Owned before the Acquisition

0 shares (Ownership ratio 0%)

(2) Number of Shares Acquired

11,329,000 shares (Acquisition price 5,993 million yen)

(3) Number of Shares Owned after the Acquisition

11,329,000 shares (Ownership ratio 20%)



6. Schedule of Acquisition

March 7, 2006               Signing share purchase agreement

March 10, 2006             Closing and settlement of sale





Results for the last three fiscal years

(1)    KONAMI CORPORATION
                                                                                      (Unit: million yen)
                                Non-consolidated                        Consolidated (U.S.GAAP)
   Fiscal Year    March 31,  March 31,  March 31,   September  March 31,  March 31,  March 31, September
                     2003       2004       2005     30, 2005      2003       2004      2005     30, 2005
    Net sales        130,186    146,654    134,117      51,016    253,657    273,412   260,691    111,870
    Operating         11,577     13,303      4,261       5,179   (21,870)     40,713    28,136      7,462
     income
    Ordinary          13,068     16,910     13,447       9,408   (22,096)     40,107    27,442     14,335
     Income*
   Net income       (11,284)     10,381     12,794      11,197   (28,519)     20,104    10,486      6,964
   Net income        (92.82)      83.71     105.33       85.93   (234.58)     166.86     87.41      53.45
    per share
 Annual dividend       54.00      54.00      54.00       27.00          -          -         -          -
    per share                                        (interim)
  Shareholders'       872.38     894.08     931.24    1,147.20     750.35     847.66    885.97   1,027.32
  equity per share

* Net Income before income taxes with U.S GAAP

(2) RESORT SOLUTION CO.,LTD.
                                                                                      (Unit: million yen)
                               Non-consolidated                              Consolidated
   Fiscal Year     March 31, March 31, March 31,  September   March 31,   March 31, March 31,  September
                     2003      2004      2005     30, 2005       2003       2004      2005     30, 2005
    Net sales         25,937    22,435    16,557       9,636       28,957    27,910    21,636      12,374
    Operating            517       680       768         561          852     1,001     1,007         557
      Income
     Ordinary            495       605       753         556          709       901       958         575
      income
    Net income            62       477       300         282          216       500       446         261
    Net income          1.44      8.25      5.13        4.99         4.98      8.66      7.71        4.63
    per share
 Annual dividend           3         5         5          -             -         -         -           -
    per share
  Shareholders'       113.56    121.89    119.17      119.15        91.68    100.42    100.28      100.04
 equity per share


Future forecast

Resort Solution will be accounted for by the equity method after the share
acquisition. The influence on our operating results by the business alliance has
not been determined at the present stage.



Cautionary Statement with Respect to Forward-Looking Statements: Statements made
in this document with respect to our current plans, estimates, strategies and
beliefs, including the above forecasts, are forward-looking statements about our
future performance. These statements are based on management's assumptions and
beliefs in light of information currently available to it and, therefore, you
should not place undue reliance on them. A number of important factors could
cause actual results to be materially different from and worse than those
discussed in forward-looking statements. Such factors include, but are not
limited to: (i) changes in economic conditions affecting our operations; (ii)
fluctuations in currency exchange rates, particularly with respect to the value
of the Japanese yen, the U.S. dollar and the Euro; (iii) our ability to continue
to win acceptance of our products, which are offered in highly competitive
markets characterized by the continuous introduction of new products, rapid
developments in technology and subjective and changing consumer preferences;
(iv) our ability to successfully expand internationally with a focus on our
video game software business, card game business and gaming machine business;
(v) our ability to successfully expand the scope of our business and broaden our
customer base through our exercise entertainment business; (vi) regulatory
developments and changes and our ability to respond and adapt to those changes;
(vii) our expectations with regard to further acquisitions and the integration
of any companies we may acquire; and (viii) the outcome of contingencies.




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