The Tokyo Electric Power Company, Incorporated (TEPCO) has announced that the company's 
forecast of the year-end dividend per share for the fiscal year ending March 31, 2009 
(FY2008) is determined as follows.

1. Reasons for 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.  

Our year-end performance is expected to decrease, because in the wake of the Niigata-Chuetsu-Oki 
Earthquake last July, operations of all units at the Kashiwazaki-Kariwa Nuclear Power 
Station are still suspended. Additionally, the surge in crude oil prices resulted in 
an increase of fuel and purchased power expenses.

Considering these circumstances, the concept of profit sharing and meeting the shareholders' 
expectations on maintaining a stable dividend, TEPCO forecasts the year-end dividend will 
be 30 yen per share. (The annual dividend per share is expected to be 60 yen). 

2. Details of the revision