Purchase of Own Securities

Konami Corporation
4 October 2001


Announcement of Acquisition of Treasury Stocks

KONAMI CORPORATION (the Company) announces that, in the meeting of Board of 
Directors held on 4 October 2001, it has decided the acquisition of treasury 
stocks as following pursuant to recent changes of Commercial Code.

1. Acquisition of Stocks 
  
   a. Type of shares to be acquired: common stock of the Company

   b. Number of shares to be acquired: 5,000,000 shares (maximum)
      Note: up to 3.8 percent of the total number of shares issued 128,737,566

   c. Total acquisition cost: 15 billion yen (maximum)
      Notes:
      Total number of shares that can be retired by acquisition permitted in the
      articles of incorporation: 11,000,000 shares 
      Aggregated number of shares acquired since the date above number was      
      permitted in the articles of incorporation: 300,000 shares

2. Reasons for Acquisition

Considering that the partly amended Commercial Code put in force on 1 October 
2001 permits the acquisition and continuous holding of treasury stock regardless
the purposes, the Company shall acquire the treasury stocks with the following 
reasons.

By holding treasury stocks, the Company shall aim:

- to improve efficiency of capital and bring profits to shareholders through    
  decrease in total number of shares issued;

- to develop flexible financial strategy including exchange of stocks for the   
  future business tie-ups;

- to utilize for stock option plans

(For Inquiries from Media Agency Personnel)

KONAMI CORPORATION Public Relation Department 
4-3-1 Toranomon, Minato-ku, Tokyo 
Tel: [phone] 
Fax: [phone] 
http://www.konamikonami.com/