January 17, 2002
Osaka Gas buys back its shares for retirement

Based on the decision of its Board of Directors dated November 20, 2001, Osaka Gas bought back its shares for retirement. Since the decision of the Board, the company has implemented the share buy-back of over 30 million shares in total for the sum of 9.247 billion yen. The maximum number of shares to be repurchased as stipulated in the companyÕs articles of incorporation is 250 million shares.