The Tokyo Electric Power Company, Incorporated (TEPCO) has announced that at the
meeting of its Board of Directors held today (October 31, 2007), it was resolved 
to revise the company's previous forecast of the year-end dividend per share for 
the fiscal year ending March 31, 2008 (FY2007). The details are as follows.


1. Reasons for revising the dividend forecast
Based on the concept of profit sharing, TEPCO is fundamentally committed to 
maintaining a stable dividend and intends to achieve a consolidated payout ratio 
of 30% or higher, while comprehensively considering factors, including the company's 
performance and progress in improving its balance sheet.  

However, in the wake of the Niigata-Chuetsu-Oki Earthquake this July, the operation 
of the all units at the Kashiwazaki-Kariwa Nuclear Power Station are still suspended 
and re-start of the reactor units is not scheduled in the foreseeable future.

Regarding the interim dividend, it was resolved at today's Board of Directors 
meeting that TEPCO will pay 35 yen per share as planned.  On the other hand, as 
year-end performance is expected to decrease, TEPCO forecasts the year-end dividend 
will be 30 yen per share. (The annual dividend per share is expected to be 65 yen). 

As to next-year's dividend, TEPCO will base its decision on TEPCO's performance 
and the condition of the Kashiwazaki-Kariwa Nuclear Power Station at that time.

2. Details of the revision