Corporate Reorganization

Konami Corporation
16 January 2003


FOR IMMEDIATE RELEASE

                                                                January 16, 2003
                                                              KONAMI CORPORATION
                                        2-4-1 Marunouchi Chiyoda-ku Tokyo, Japan
                                                                 Kagemasa Kozuki
                                                 Representative Director and CEO
                                                 Stock code number: 9766 at TSE1
                                                      Ticker symbol: KNM on NYSE
                                                         Contact: Toshiro Tateno
                                        Director and Executive Corporate Officer
                                                     Corporate Planning Division
                                                            Tel: [phone]



Announcement of Partial Reorganization and Personnel Changes

Konami Corporation (Konami) hereby announces reorganization and personnel 
changes effective on January 16, 2003.


1.       Reorganization

In order to facilitate potential future corporate reorganization into a holding
company, Konami has decided to clarify the allocation of corporate
responsibilities and to improve business efficiency as follows:



a. the Business Affairs Solutions Division was divided into an Administration
Division and an Intellectual Property Division;


b. human resources was separated from the Corporate Planning Division and newly
established as the Human Resources Division.


2.       Changes in Name of Business Segment



In order to clarify the operations of each business segment, the names of 
business segment were changed as below.


New Name                                             Former Name
Computer & Video Games                               Consumer Software (CS)
Exercise Entertainment                               Health & Fitness (H&F)
Toy & Hobby                                          Toy & Hobby (T&H)
Amusement                                            Amusement Content (AC)
Gaming*                                              Gaming Content (GC)



*Gaming business represents manufacture and sale of gaming machines



3.       Significant Personnel Changes


Name                    New Title                            Former Title

Noriaki Yamaguchi       Representative Director,             Representative Director,
                        Chief Financial Officer and          Chief Financial Officer and
                                                             Executive Corporate Officer, Finance
                        Executive Vice President, Corporate  and Accounting Division
                        Officer

Seiichi Ishigaki        Corporate Officer, Domestic Sales    Corporate Officer and
                        (Representative Director and         General Manager, Public Relations
                        President, Konami Marketing, Inc.)   Office

Hiroo Ogino             Corporate Officer,                   Corporate Officer,
                        Human Resources Division             Corporate Planning Division

Shigeo Niwa             Corporate Officer,                   General Manager, Legal,
                        Intellectual Property Division and   Business Affairs Solutions Division
                        General Manager, IP & Licensing and
                        Legal

Osamu Kishima           Corporate Officer, Finance and       General Manager, Finance,
                        Accounting Division and
                                                             Finance and Accounting Division
                        General Manager, Finance

Shinichi Furukawa       Corporate Officer,                   Corporate Officer, Domestic Sales
                                                             (Representative Director and
                        Administration Division              President, Konami Marketing, Inc.)

Hidetoshi Inatomi       Director                             Director, Executive Corporate
                                                             Officer, Business Affairs Solutions
                        (Executive Corporate Officer,        Division and General Manager, IP &
                        Administration Division, Konami      Licensing
                        Sports Corporation)

Masamichi Yabe          General Manager, Public Relations    Manager, Brand Management Group,
                        Office and Manager, Brand Management Public Relations Office
                        Group


4.       Corporate Officers


Name                     Title
Kagemasa Kozuki          President, Corporate Officer and Chief Executive Officer
Noriaki Yamaguchi        Executive Vice President, Corporate Officer and Chief Financial Officer
Kazumi Kitaue            Executive Corporate Officer, Computer & Video Games Business
Fumiaki Tanaka           Executive Corporate Officer, Amusement Business, Exercise Entertainment Business
                         and IT management
Akihiko Nagata           Executive Corporate Officer, Toy & Hobby Business
Shuji Kido               Executive Corporate Officer, Gaming Business
Toshiro Tateno           Executive Corporate Officer, Corporate Planning
Seiichi Ishigaki         Corporate Officer, Domestic Sales
Hiroo Ogino              Corporate Officer, Human Resources
Shigeo Niwa              Corporate Officer, Intellectual Property
Osamu Kishima            Corporate Officer, Finance and Accounting
Shinichi Furukawa        Corporate Officer, Administration
Seiji Ito                Corporate Officer, Secretary Office
Kimihiko Higashio        Corporate Officer, Kansai Region Operation





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