Re Alliance

Konami Corporation
07 March 2006

                                                                   March 7, 2006

FOR IMMEDIATE RELEASE



                                                              KONAMI CORPORATION
                                                                 Kagemasa Kozuki
                                                   Chairman of the Board and CEO
                                                             Ticker 9766 at TSE1

                                                      Contact: Noriaki Yamaguchi
                            Executive Vice President and Chief Financial Officer
                                                            Tel: [phone]



                Announcement on Acquisition of Resort Solution Shares and Business Alliance


KONAMI CORPORATION ('Konami') announced that, pursuant to resolutions adopted at meeting of the Board of
Directors of Konami, held on March 7, 2006, Konami concluded a stock subscription agreement with Nomura
Principal Finance Co., Ltd. ('Nomura') to acquire some of the shares of common stock of RESORT SOLUTION
CO.,LTD. ('Resort Solution') owned by Nomura. In addition to the share acquisition, Konami concluded an
alliance agreement to develop mutual businesses for both Resort Solution and Konami Group as follows.



1. Objective of Acquiring shares and business alliance

Konami decided to acquire 11,329,000 shares of Resort Solution (Approximately 20% of outstanding shares
of Resort Solution) for cash at March 10, 2006, pursuant to the stock subscription agreement concluded
between Nomura and Konami. This share acquisition is aimed at achieving a smooth business alliance
between the Konami group and Resort Solution, and to contribute to the business development of the two
companies. Konami entered into the contracts to establish the basic terms for a future business alliance.
The detailed terms and content of the business alliance going forward will be determined through
additional discussions between Konami and Resort Solution.



2. Outline of the business alliance

(1) The joint development of facilities by Konami Sports Corporation and Resort Solution.
(2) The joint management of facilities or mutual consignment by both companies.
(3) Sharing facilities to allow members of either companyfs facilities to use all facilities.
(4) Development of commodities and services for active seniors.
(5) Development of facilities reservation services on the Internet Revolution Inc. portal site.


3. Summary of Resort Solution

(1) Registered name               Resort Solution Co.,Ltd.
(2) Main Business                 Management and development, etc. of golf courses,
                                  hotels, and resort facilities.
(3) Date of incorporation         February 27, 1931
(4) Location of head office       6-24-1, Nishi Shinjuku, Shinjuku-ku, Tokyo
(5) Representative                Hideaki Hirata, Representative Director and President
(6) Securities exchange           Listed in the 1st section of Tokyo Stock Exchange
(7) Sales revenue                 21,636 million yen (March 2005)
(8) Capital                       3,948 million yen (March 31st, 2005)
(9) Total asset                   27,979 million yen (March 31st, 2005)
(10) Fiscal year end              March 31
(11) Number of employees          342 ( As of March 31st, 2005)
(12) Major shareholders:          Nomura Principal Finance Co., Ltd: 18.90 million shares (33.3%)
(before acquisition)              Mitsui Fudosan Co., Ltd. 18.79 million shares (33.1%)
                                  Misawa Capital Co., Ltd 3.31 million shares (5.8%)
(13) Relation to Konami           N/A


4. The counterparty the shares acquired from

(1) Registered name               Nomura Principal Finance Co.,Ltd.
(2) Representative                Akira Maruyama
(3) Location of head office       Chiyoda-ku, Tokyo
(4) Main business                 Investment company
(5) Relation to Konami            N/A


5. Number of shares owned around the Time of the Sales and Sales Price

(1) Number of Shares Owned before the Acquisition
0 shares (Ownership ratio 0%)
(2) Number of Shares Acquired
11,329,000 shares (Acquisition price 59.93million yen)
(3) Number of Shares Owned after the Acquisition
11,329,000 shares (Ownership ratio 20%)


6. Schedule of Acquisition

March 7, 2006                    Signing share purchase agreement
March 10, 2006                   Closing and settlement of sale





Results for the last three fiscal years

(1)    KONAMI CORPORATION
                                                                                        (Unit: million yen)
                                Non-consolidated                        Consolidated (U.S.GAAP)
   Fiscal Year      March 31,  March 31,  March 31,  September   March 31,  March 31, March 31, September
                        2003       2004       2005    30, 2005       2003       2004      2005   30, 2005
    Net sales        130,186    146,654    134,117      51,016    253,657    273,412   260,691    111,870
    Operating         11,577     13,303      4,261       5,179   (21,870)     40,713    28,136      7,462
     income
    Ordinary          13,068     16,910     13,447       9,408   (22,096)     40,107    27,442     14,335
     Income*
   Net income       (11,284)     10,381     12,794      11,197   (28,519)     20,104    10,486      6,964
   Net income        (92.82)      83.71     105.33       85.93   (234.58)     166.86     87.41      53.45
    per share
 Annual divided        54.00      54.00      54.00       27.00          -          -         -          -
    per share                                        (interim)
  Shareholders'       872.38     894.08     931.24    1,147.20     750.35     847.66    885.97   1,027.32

equity per share

* Net Income before income taxes with U.S GAAP


(2) RESORT SOLUTION CO.,LTD.
                                                                                      (Unit: million yen)
                               Non-consolidated                              Consolidated
   Fiscal Year     March 31, March 31,  March 31,  September     March 31, March 31, March 31,  September
                        2003      2004      2005    30, 2005         2003      2004      2005    30, 2005
    Net sales         25,937    22,435    16,557       9,636       28,957    27,910    21,636      12,374
    Operating            517       680       768         561          852     1,001     1,007         557
      Income
     Ordinary            495       605       753         556          709       901       958         575
      income
    Net income            62       477       300         282          216       500       446         261
    Net income          1.44      8.25      5.13        4.99         4.98      8.66      7.71        4.63
    per share
 Annual dividend           3         5         5          -             -         -         -           -
    per share
  Shareholders'       113.56    121.89    119.17      119.15        91.68    100.42    100.28      100.04
 equity per share


Future forecast

Resort Solution will be accounted for by the equity method after the share acquisition. The influence on our operating
results by the business alliance has not been determined at the present stage.






Cautionary Statement with Respect to Forward-Looking Statements:
Statements made in this document with respect to our current plans, estimates, strategies and beliefs, including the
above forecasts, are forward-looking statements about our future performance. These statements are based on
management's assumptions and beliefs in light of information currently available to it and, therefore, you should not
place undue reliance on them. A number of important factors could cause actual results to be materially different from
and worse than those discussed in forward-looking statements. Such factors include, but are not limited to: (i) changes
in economic conditions affecting our operations; (ii) fluctuations in currency exchange rates, particularly with
respect to the value of the Japanese yen, the U.S. dollar and the Euro; (iii) our ability to continue to win acceptance
of our products, which are offered in highly competitive markets characterized by the continuous introduction of new
products, rapid developments in technology and subjective and changing consumer preferences; (iv) our ability to
successfully expand internationally with a focus on our video game software business, card game business and gaming
machine business; (v) our ability to successfully expand the scope of our business and broaden our customer base
through our exercise entertainment business; (vi) regulatory developments and changes and our ability to respond and
adapt to those changes; (vii) our expectations with regard to further acquisitions and the integration of any companies
we may acquire; and (viii) the outcome of contingencies.




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