Stock Option

Konami Corporation
28 July 2005


FOR IMMEDIATE RELEASE



                                                                                                          July 28, 2005



                                                                                                     KONAMI CORPORATION

                                                                             2-4-1 Marunouchi, Chiyoda-ku, Tokyo, Japan

                                                                                                        Kagemasa Kozuki

                                                                                        Representative Director and CEO

                                                                                        Stock code number: 9766 at TSE1



                                                                                                 Contact: Naoyuki Notsu

                                                      Corporate Officer and Division President, Administration Division

                                                                                                   Tel: [phone]


                            Announcement of Konami Corporation

              on allocation of Stock Options (Stock Acquisition Rights)


KONAMI CORPORATION ('Konami') announced today that, pursuant to a resolution
adopted at Konami's Board of Directors' meeting held on July 28, 2005, Konami
decided to issue stock acquisition rights (the 'Stock Acquisition Rights')
pursuant to Articles 280-20, 280-21 of the Japanese Commercial Code and the
approval of the 33rd Annual General Meeting of Shareholders.



I.   Summary of the Issuance of Stock Acquisition Rights pursuant to Plan A



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 104



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

10,400 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

276,100 yen (2,761 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition Rights:

28,714,400 yen



(7) Exercise period of Stock Acquisition Rights:
From August 1, 2005 to December 15, 2005



(8) Amount not to be appropriated in capital in stock to be issued by exercise
of Stock Acquisition Rights: 1,380 yen / per share.


(9) Persons to whom Stock Acquisition Rights shall be allocated:
70 Employees of Konami


II.   Summary of the Issuance of Stock Acquisition Rights pursuant to Plan B



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 235



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

23,500 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

281,400 yen (2,814 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition
 Rights:

66,129,000 yen



(7) Exercise period of Stock Acquisition Rights:
From August 1, 2005 to July 31, 2007



(8) Amount not to be appropriated in capital in stock to be issued by exercise 
of Stock Acquisition Rights:
1,407 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
67 Employees of Konami


III.     Summary of the Issuance of Stock Acquisition Rights pursuant to Plan C



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 703



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

70,300 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

285,700 yen (2,857 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition 
Rights:

200,847,100 yen



(7) Exercise period of Stock Acquisition Rights:
From July 1, 2006 to June 30, 2008



(8) Amount not to be appropriated in capital in stock to be issued by exercise 
of Stock Acquisition Rights:
1,428 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
286 Employees of Konami and 2 Employees of Subsidiary; Net 288 Employees


IV.      Summary of the Issuance of Stock Acquisition Rights pursuant to Plan D



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 876



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

87,600 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

177,900 yen (1,779 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition 
Rights:

155,840,400 yen



(7) Exercise period of Stock Acquisition Rights:
From August 1, 2005 to November 13, 2006



(8) Amount not to be appropriated in capital in stock to be issued by exercise of Stock Acquisition Rights:
889 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
98 Employees of Konami and 2 Employees of Subsidiary; Net 100 Employees


V.        Summary of the issuance of Stock Acquisition Rights pursuant to Plan E



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 425



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

42,500 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

167,000 yen (1,670 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition Rights:

70,975,000 yen



(7) Exercise period of Stock Acquisition Rights:
From August 1, 2005 to July 31, 2007



(8) Amount not to be appropriated in capital in stock to be issued by exercise of Stock Acquisition Rights:
835 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
17 Employees of Konami


VI.      Summary of the Issuance of Stock Acquisition Rights pursuant to Plan F



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 514



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

51,400 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

239,900 yen (2,399 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition Rights:

123,308,600 yen



(7) Exercise period of Stock Acquisition Rights:
From July 1, 2006 to June 30, 2008



(8) Amount not to be appropriated in capital in stock to be issued by exercise of Stock Acquisition Rights:
1,199 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
45 Employees of Konami


VII.   Summary of the Issuance of Stock Acquisition Rights pursuant to Plan G



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 796



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

79,600 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

214,600 yen (2,146 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition Rights:

170,821,600 yen



(7) Exercise period of Stock Acquisition Rights:
From August 1, 2005 to November 13, 2007



(8) Amount not to be appropriated in capital in stock to be issued by exercise of Stock Acquisition Rights:
1,073 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
63 Employees of Konami and 3 Employees of Subsidiary; Net 66 Employees


VIII.  Summary of the Issuance of Stock Acquisition Rights pursuant to Plan H



(1) Date of the issuance of Stock Acquisition Rights: July 28, 2005



(2) Number of Stock Acquisition Rights to be issued: 301



(3) Issue price of Stock Acquisition Rights: None



(4) Type and number of shares to be issued under Stock Acquisition Rights:

30,100 shares of common stock of Konami

 (Unit for each stock acquisition right is 100 shares of common stock.)



(5) Amount to be paid upon exercise of Stock Acquisition Rights:

243,300 yen (2,433 yen/ per share)



(6) Total amount to be issued or transferred upon exercise of Stock Acquisition Rights:

73,233,300 yen



(7) Exercise period of Stock Acquisition Rights:
From July 1, 2006 to June 30, 2008



(8) Amount not to be appropriated in capital in stock to be issued by exercise of Stock Acquisition Rights:
1,216 yen / per share.



(9) Persons to whom Stock Acquisition Rights shall be allocated:
67 Employees of Konami and 3 Employees of Subsidiary; Net 70 Employees



Note:

(1) Date of the resolution of Board of Directors' meeting to submit a proposal
to the Annual General Shareholders' Meeting: May 10, 2005

(2) Date of resolution of the 33rd Annual General Shareholders' Meeting: June
23, 2005



                                     -End-








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