February 26, 2002
Osaka Gas Buys Backs its Shares for Retirement

Osaka Gas implemented its share buy-back program yesterday for the purchase of additional shares for retirement. In the period between January 28 and February 25 this year, the company acquired 9.33 million shares for approximately 2.8 billion yen. The action was part of the decision made by the Board of Directors of Osaka Gas on November 20, 2001, for the acquisition of 60 million shares for the approximate sum of 20 billion yen. The actual total amount spent for the entire buy-back was about 18.3 billion yen. With the action taken yesterday, the share buy-back program has been completed.