Sale of Shares

Konami Corporation
25 April 2005


FOR IMMEDIATE RELEASE
                                                                  April 25, 2005



                                                              KONAMI CORPORATION
                                      2-4-1 Marunouchi, Chiyoda-ku, Tokyo, Japan
                                                                 Kagemasa Kozuki
                                                 Representative Director and CEO
                                                 Stock code number: 9766 at TSE1



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


                       Announcement: Sale of Takara Shares



Konami Corporation ('Konami') announced today that it has sold its holdings of
shares of Takara Co., Ltd (Katsushika-ku, Tokyo, TSE stock code number 7969,
hereinafter, 'Takara') today. Konami held 20,104,000 shares, or 22.2% of the
outstanding shares of Takara.


In July 2000, in response to a request from Takara, Konami accepted a third
party allotment of new shares of Takara, and Konami has supported Takara since
then.


However, the business environment for both parties has changed drastically over
the last 4 years and 9 months, prompting Konami to review its capital
relationship with Takara, which led to its decision to sell its holdings of
Takara's shares.


1. Number of Shares owned around the Time of the Sale and Sale Price

(1) Number of Shares Owned before the Sale  20,104,000 shares
(2) Number of Shares Sold                   20,104,000 shares
                                            (Sale Price: 11,016 million yen)
(3) Gain on the Sale                        5.5 billion yen (Non-Consolidated 
                                            Basis)
                                            6.1 billion yen (Consolidated Basis)
(4) Number of Shares Owned after the Sale   0 shares

2. Schedule of the Sale
(1) Board approval at meeting of the Board of   April 25, 2005
Directors

(2) Transaction Date                            April 25, 2005




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