Kyushu Electric Power Company Incorporated has decided to issue its 406th domestic straight bonds. This offering is arranged for retail investors. 
                     
                    
                        
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                                1.
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                                Issue amount
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                                10 billion yen
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                                2.
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                                Coupon
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                                1.04%
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                                3.
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                                Issue price
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                                100.00%
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                                4.
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                                Yield to investors
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                                1.04%
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                                5.
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                                Denomination
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                                100 thousand yen
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                                6.
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                                Offering period
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                                From November 27, 2008 to December 12, 2008
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                                7.
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                                Issue date
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                                December 15, 2008
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                                8.
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                                Maturity date
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                                December 15, 2011 (3-year bullet bond)
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                                9.
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                                Use of proceeds
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                                General capital expenditure and debt repayment
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                                10.
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                                Lead manager
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                                Nikko Citigroup Ltd.
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                                11.
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                                Rating
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                                R&I (Rating & Investment Information, Inc.) Rating: AA+ 
                                JCR (Japan Credit Rating Agency, Ltd.) Rating: AAA 
                                Moody's Investors Service Inc. Rating: Aa2
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                    This announcement is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product.
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