Share Acquisition

Konami Corporation
29 February 2008


FOR IMMEDIATE RELEASE
February 29, 2008


KONAMI CORPORATION
Kagemasa Kozuki
Representative Director and CEO
Stock code number: 9766 at TSE1

Contact: Noriaki Yamaguchi
Representative Director and CFO
Tel: [phone]



             Announcement on Share Acquisition of Sportsplex Japan


KONAMI CORPORATION (hereinafter referred to as 'Konami') hereby announces that
pursuant to resolutions adopted at meeting of the Board of Directors of Konami
held on February 28, 2008, Konami has decided to acquire the shares of
Sportsplex Japan (hereinafter referred to as 'SPJ') and make SPJ its subsidiary.



1.  Objectives of Share Acquisition

SPJ operates 13 fitness clubs in the Tokyo metropolitan area. Konami has decided
to acquire SPJ shares primarily for the following reasons.

(1) Konami aims to further improve its facility-related services by providing
its operating know-how, its wide variety of exercise programs and its
self-developed health-related machines to the facilities operated by SPJ.

(2) Konami aims to expand its market share by combining SPJ's facilities, which
are located in  favorable areas, and high-quality services with Konami's
technological strengths and service capabilities.



2.  Outline of Target Company (Sportsplex Japan)

(1) Registered name                    Sportsplex Japan

(2) Representative                     Makoto Misu, CEO

(3) Head office location               4-1-27 Akasaka, Minato-ku, Tokyo

(4) Date of incorporation              April 19, 2000

(5) Main business                      Operation of fitness clubs and instruction at fitness clubs

                                       Consultation on management and operation of sports clubs

(6) Fiscal year end                    March 31

(7) Number of employees                138 employees (As of September 30, 2007)

(8) Major business establishments      13 fitness clubs located at the Tokyo metropolitan area

(9) Paid in Capital                    710 million yen

(10) Total shares outstanding          36,316 shares

(11) Ownership ratio of principal shareholders (As of September 30, 2007)

                     Name of shareholder               Ownership ratio(%)
Tokyo Electric Power Company, Inc.                                 86.46%
Misu, Makoto                                                        4.91%
Employees' stock ownership program in SPJ                           3.50%

(12) Financial results for the two most recent fiscal years   (Unit: millions of
yen)
Fiscal Year Ended           March, 2006                    March, 2007
Net revenues                      5,312                          5,858
Gross profit                      1,124                            848
Operating income                      8                          (170)
Ordinary income                       2                          (186)
Net income                          (16)                          (236)
Total asset                       5,649                          6,455
Total stockholders' equity        1,503                          1,268
Dividend per share                    -                              -





3.  The Counterparty the Shares are Acquired from

(1) Registered name                    Tokyo Electric Power Company, Inc.
(2) Representative                     Tsunehisa Katsumata, President
(3) Head office location               1-1-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo
(4) Main business                      Integrated energy services
(5) Relationship to Konami             N/A



4.  Number of shares owned around the time of the share acquisition

(1) Ownership of shares before the acquisition: 0 shares

(with no voting rights, ownership ratio 0%)

(2) Number of shares acquired: 31,400 shares

(with 31,400 voting rights)

(3) Ownership of shares after the acquisition: 31,400 shares

(with 31,400 voting rights, ownership ratio 86.46%)



5.  Schedule of Acquisition

February 28, 2008: Date of signing share acquisition agreement

March 6, 2008 (planned): Date of share acquisition



6.  Future Forecast after the Share Acquisition

Konami expects that the effect of this share acquisition to its consolidated
financial results for the current fiscal year will be immaterial.


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