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At a meeting of the Board of Directors held today, Benesse Corporation resolved to repurchase its own shares, pursuant to Article 459-1-1 of the Company Law.

1. Reasons for share repurchase
To pursue financial efficiency by facilitating the effective execution of its financial policies.

2. Details of repurchase

1) Type of shares: Common stock
2) Number of shares:
Up to 1,000,000 shares (0.9% of currently issued common stock)
3) Total purchase price:
Up to 4,200 million yen
4) Period of repurchase:
From December 1 to December 11, 2008

Treasury stock held by the Company as of October 31, 2008
Total number of shares issued (excluding treasury stock): 99,633,526 shares
Treasury stock: 6,719,927 shares