Tender Offer Report

Konami Corporation
20 February 2001

                                (translation)

                             TENDER OFFER REPORT


To: Director General of the Kanto Local Finance Bureau


                                             Date of Filing: February 20, 2001


     Reporting Party:

     Name of Reporting Party: KONAMI CORPORATION

     Kagemasa Kozuki

     Representative Director and President

     Address: 4-3-1, Toranomon, Minato-ku, Tokyo

     Nearest Place to Contract: 4-3-1, Toranomon, Minato-ku, Tokyo

     Telephone No.: 03-3578-0573 (general number)

     Person to Contact: Noriaki Yamaguchi


                                             Director and Managing Executive
                                             Officer, Chief of Finance


     Attorney-in-fact:

     Name of Attorney-in-fact: N/A

     Address: N/A

     Nearest Place to Contact: N/A

     Telephone No.: N/A

     Person to Contact:  N/A




               Place at Which Copies of the Tender Offer Report

                        Are Made Available for Public




Name     Location

KONAMI CORPORATION       4-3-1, Toranomon, Minato-ku, Tokyo

Tokyo Stock Exchange     2-1, Nihonbashi-Kabutocho, Chuo-ku, Tokyo




(This statement in Japanese original consists of 3 pages including the cover
page.)




1.     Details of the Tender Offer


        (1)   Name of Target Company

        PEOPLE CO., LTD.

        (2)   Type(s) of Share Certificates, Etc. to Be Purchased

        Par value shares of common stock (par value is 50 yen per share)

        (3)   Period of Tender Offer,

        From January 30, 2001 through February 19, 2001, (21 days).

2     Result of The Purchase, Etc.


        (1)   The Result of Tender Offer

        Since the total number of tendered share certificates (10,305,161       
        shares) exceeds the total number of shares to be purchased
        (10,044,100 shares), and does not exceeds the total number of (i)
        shares to be purchased and (ii) shares to be overpurchased (11,316,400
        shares), the Reporting Party ('the Tender Offeror') will purchase all
        of the tendered share certificates.

        (2)    The Date on Which the Public Notice of the Result of Tender
        Offer is Made and the Name of the Newspaper on Which the Public Notice
        of the Result of the Tender Offer was Published

        Pursuant to Article 27-13, Paragraph 1 of the Stock Exchange Law,
        and in accordance with the method provided in Article 20 of the
        Cabinet Office Ordinance concerning Disclosure with respect to Tender
        Offer of Share Certificates, Etc. by Person Other Than Issuer, the
        Tender Offeror released the result of tender offer to the press as of
        February 20, 2001, at Tokyo Stock Exchange.


        (3)   Number of Share Certificates, Etc. Purchased, Etc.

Types of Share                          Numbers Represented by Shares
Certificates, Etc.                  Tendered Shares           Purchased Shares
                                        
Share Certificates                10,305,161 Shares          10,305,161 Shares

Warrant Instruments                        -                          -

Warrant Certificates                       -                          -

Convertible Bond Certificates              -                          -

Certificates of Bonds with        
 Warrants                                  -                          -

Depository Receipt Certificates   
 for Share Certificates, Etc.              -                          -


Total                             10,305,161 Shares          10,305,161 Shares
                                      
Total Number of Latent                                               (-)
Certificates, Etc.                             


(4) Shareholding Ratio after Purchase, Etc.

                 By Tender Offeror                           10,305,161 Shares
                                                                             (a)
Number of       (Number of Latent Certificates included)                        
                                                                  (- Shares) (b)
Share 
Certificates     By Specially Related Parties                       - Shares (c)
Held as of the 
Date Hereof     (Number of Latent Certificates included)           (- Shares)(d)
                                                             
Total Number     Status of Issued    Total Number of          18,860,512 Shares
of Issued and    and                                                         (e)
Outstanding      Outstanding         Issued and Outstanding                    
Shares of the    Shares of the       Shares    
Target           Target   
Company          Company (As         Number of Issued and           - Shares (f)
                 of August 28,       Outstanding Shares
                 2000)                      
                                     without Voting Rights

                                     Number of Treasury Stock     200 Shares (g)
        
                                     and Number of Shares 
                                     Mutually Held

                Total Number of Issued and Outstanding Shares  18,860,312 Shares
                                                                             (h)
                for the Base of Calculation (e) - (f) - (g) 

Shareholding    Numerator            (a) + (c)             10,305,161 Shares (i)
Ratio after                           
Tender Offer    Denominator          (b) + (d) + (h)       18,860,312 Shares (j)
                                                                            
                Shareholding Ratio (i) / (j) x 100                       54.64%


        (Note) 1.  Total number of issued and outstanding shares, the
        number of issued and outstanding shares without voting rights, the
        number of treasury stock and the number of shares mutually held are
        quoted from the Target Company's Semi Annual Report filed as of
        November 28, 2000.

        2. The described number of 'Shareholding Ratio' is rounded to two
        decimal places.

        (5) Calculation in Case the Tender Offeror Purchase pursuant to
        the Pro Rata Method

Not applicable.