Tender Offering

Konami Corporation
20 February 2001

February 20, 2001

KONAMI CORPORATION

4-3-1 Toranomon Minato-ku

Tokyo 105-6021 Japan

Kagemasa Kozuki,

Representative Director, Chairman of the Board and CEO

Ticker 9766 at TSE1

Inquiry: KONAMI Finance Div

TEL [phone]


             Announcement of tender offering to PEOPLE CO., LTD.


The board meeting of KONAMI CORPORATION ('KONAMI') decided on January 29,
2001, to acquire up to approximately 60% shares of PEOPLE CO.,LTD ('PEOPLE')
by tender offer ('TOB'), and started the TOB on January 30. On February 19, we
ended the TOB, and would like to inform of the result as follows.


1. Outline of the TOB (as of January 29, 2001)

(1) Trade Name: PEOPLE CO.,LTD

(2) Target stock: common stock (Par value: 50 yen)

(3) TOB period: 21 days from Tuesday, January 30, 2001, to Monday, February
19, 2001

(4) Offering price: 6,700 yen per share


2. Result of the TOB

(1) The status of the tender

The maximum number of shares to be purchased      11,316,400

The minimum number of shares to be purchased      10,044,100

The maximum number of shares to be purchased

in addition to said minimum number                 1,272,300

The total tendering shares                        10,305,161

The purchased shares                              10,305,161

(2) The result

No. of Tendering        No. of Tendered   No. of Purchased   No. of Returned
Shareholders            Shares            Shares             Shares
               35            10,305,161         10,305,161                 0


Since the number of the tendered share certificates was not less than the
minimum number of shares to be purchased (10,044,100 shares) and did not
exceed the maximum number of shares to be purchased (11,316,400 shares), the
company will purchase all tendered shares.

(3) The number of shares owned by the company and the percentage after TOB


    Before the TOB     0     (Share 0.00%)

    After the TOB     10,305,161     (Share 54.64%)

(Note) The number of shares where the calculation of the above percentage is
based is 18,860,312 shares subtracting 200 shares of treasury stock from the
following outstanding shares.

Outstanding shares: 18,860,512 shares

(4) The purchased amount for the TOB (6,700 yen per share) 69,044,578,700yen


3. The settlement procedure and schedule

(1) Name and Address of Head Office of Securities Company or Bank, Etc. to
Manage Settlement for Purchase, Etc.


        Nikko Salomon Smith Barney Limited 5-2-20, Akasaka, Minato-ku,Tokyo

        Nikko Securities Co., Ltd. 3-3-1, Marunouchi, Chiyoda-ku, Tokyo

            (2) Commencement Date of Settlement     February 23, 2001 (Friday)

            (3) Method of Settlement

The notice of purchase by TOB, etc. will be mailed without delay after the end
of the TOB period to the addresses of the tendering shareholders.

The settlement of the purchase will be made in cash. The purchase price will
be remitted by the Tender Offer Agent or the Sub-Agent without delay on or
after the commencement date of settlement to the place designated by the
tendering shareholders. In the case of individual shareholders electing
separate withholding taxation, after deducting the withholding tax (1.05% of
the purchase price) from the purchase price.


4. Place at Which Copies of The Tender Offer Registration Statement 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


5. Perspective after the TOB

As a result of the TOB, PEOPLE will be consolidated by KONAMI.

KONAMI will participate in the management of PEOPLE by sending its directors
and employees to PEOPLE.

There is no change in the consolidated financial result for this fiscal year.