Treasury Stock

Konami Corporation
25 June 2004


FOR IMMEDIATE RELEASE


                                                                   June 24, 2004



                                                              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 of Konami Corporation
to Set a Limit to Acquisition of Treasury Stock


The Board of Directors of KONAMI CORPORATION 'Konami' resolved a plan to set a limit to acquisition of treasury stock
on June 24, 2004 as stated below, pursuant to Article 211-3-1-2 of the Commercial Code of Japan.


1.       Reason for Setting a Limit to Acquisition of Treasury Stock


Konami will set a limit to acquisition of the treasury stock pursuant to the Article of Incorporation of Konami to
perform a timely and flexible capital strategy.


2. Details of the Limit to Acquisition of Treasury Stocks



a. Type of shares to be acquired:  Common Stock of Konami

b. Number of shares to be acquired:  1 million shares (maximum)

c. Total cost of shares to be acquired:  3 billion yen (maximum)

d. Schedule of acquiring treasury stock: From June 25, 2004 to December 24, 2004.


Reference: Status of treasury stock of Konami as of March 31, 2004


Total Number of Common Stock Outstanding (Excluding Treasury Stock): 120,483,252 shares

Number of Treasury Stock: 8,254,314 shares



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