KONAMI HOLDINGS CORPORATION (the "Company") hereby announces that its Board of Directors has resolved, at a Board of Directors' meeting held on March 26, 2020, that the Company will repurchase its own shares pursuant to the provision of Article 156 of the Companies Act, as applied pursuant to the provision of Article 165, Paragraph 3 thereof, and its specific method as below.

1. Reason for Share Repurchase

The Company has decided to repurchase its own shares in order to strengthen shareholder returns and carry on flexible capital policies as part of its efforts to improve capital efficiency and address changes in business environment.

2. Method of Share Repurchase

The Company will place purchase orders through brokerages on the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) at 8:45 a.m. on March 27, 2020 (no changes to other trading system or trading time will be made), at a price equal to the closing price (including final special quote) of the Company's common stock on the Tokyo Stock Exchange on March 26, 2020 (3,225 yen). The above-mentioned purchase orders will be effective only for the trading time specified above.

3. Details of Share Repurchase

(Note:1) The maximum number of shares to be repurchased will not be changed.     The repurchase order may not be implemented, in whole or in part, depending on market conditions and other factors.

(Note:2) The repurchase will be conducted to the extent that sell orders match the number of shares to be repurchased.

(Note:3) Based on the closing price of 3,225 yen on March 26, 2020, the total number of shares to be repurchased will be up to 2,480,600 shares.

4. Others

Sumitomo Mitsui Banking Corporation has indicated to the Company that it has the intention

to sell 2,017,000 shares of common stocks held by it.

(Reference)

Status of Treasury Shares as of February 29, 2020

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