Stock Option

Konami Corporation
08 October 2002


FOR IMMEDIATE RELEASE

                                                                                                  October 8, 2002


Name of listed company:                Konami Corporation

Location of head office:               4-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Representative Director:               Kagemasa Kozuki

Code Number:                           9766

Contact:                               Toshiro Tateno

                                       Director and Executive Corporate Officer

                                       Corporate Planning Division

Telephone Number:                      81 3-5220-0374


                          Notice on the Allotment of Stock Option (Stock Acquisition Rights)


Please be informed that the details of the terms and conditions of the stock acquisition rights to be issued as stock
options in accordance with provisions of Articles 280-20 and 280-21 of the Commercial Code of Japan pursuant to the
resolution of the 30th ordinary general meeting of shareholders of the Company have been resolved in a meeting of the
Board of Directors of the Company held on October 8, 2002.  The terms and conditions have been determined as follows


1.   Issue date of the stock               October 16, 2002
     acquisition rights

2.   Aggregate number of stock             17,879
     acquisition rights

3.   Issue price of the stock              No consideration shall be paid.
     acquisition rights

4.   Type and number of shares subject     Shares of common stock of the Company
     to the stock acquisition rights
                                           1,787,900 shares

                                           (Number of shares subject to each stock acquisition right is 100
                                           shares)

5.   Amount to be paid upon exercise       To be determined on October 16, 2002.
     of the stock acquisition rights

6.   Aggregate amount of shares to be      To be determined on October 16, 2002.
     issued or transferred through the
     exercise of the stock acquisition
     rights

7.   Period in which the stock             From July 1, 2004 to June 30, 2007
     acquisition rights may be
     exercised

8.   Amount which will not be              Amount to be paid per share for the shares issued through exercise
     capitalized by the issuance of        of the stock acquisition rights (hereinafter the 'Exercise Price')
     new shares through the exercise       less the amount to be capitalized. Amount to be capitalized shall
     of the stock acquisition rights       be equal to the product of Exercise Price and 0.5, and any
                                           fraction less than 1 yen resulting from such calculation shall be
                                           rounded up to the nearest yen.

9.   Persons subject to the allotment      9 directors and 318 employees of the Company, and 17 directors and
     of the stock acquisition rights       283 employees of the Company's subsidiaries
     and the number thereof
                                           In total: 627

                                                                         -End-



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