March 3, 2004

The Tokyo Electric Power Company (the "Company") hereby notifies all interested
parties that the Company has decided to issue its 4th Euro-denominated straight
corporate bond, and started inviting subscriptions today.

The terms of the issue
1.Type of bond              Euro-denominated straight corporate bond
2.Total amount of the issue 1 billion Euro (134.27 billion equivalent in Yen)
3.Interest rate             4.5% of par value per annum
4.Issue price               99.763% of par value
5.Maturity period           10-year period (bullet maturity)
6.Date of issue             March 24, 2004
7.Listed bond market        London Stock Exchange
8.Mortgage                  General mortgage
9.Managing underwriter      BNP PARIBAS
                            Citigroup Global Markets Limited
                            Daiwa Securities SMBC Europe Limited
                            Mizuho International plc
                            WestLB 
                            and others

Please be notified the above mentioned will be the 4th issue by the Company of
a Euro-denominated straight corporate bond and will be the first one in two
years since the issuance of the 1 billion Euro (113.51 billion Yen) with 5-year
maturity on March 27, 2002.

Please note that the above purports to be an accurate and complete translation
of the original Japanese version prepared for the convenience of our English-speaking
audience. However, in the case of any discrepancy between the translation and
the Japanese original, the latter shall prevail.