Treasury Stock

Konami Corporation
21 October 2004


FOR IMMEDIATE RELEASE



October 21, 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 October 21, 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:  1.5 million shares (maximum)

c. Total cost of shares to be acquired:  4.5 billion yen (maximum)

d. Schedule of acquiring treasury stock: From November 11, 2004 to May 10, 2005


Reference: Status of treasury stock of Konami as of September 30, 2004



Total Number of Common Stock Outstanding: 128,737,566 shares

Number of Treasury Stock: 9,246,700 shares




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