TOHOKU ELECTRIC POWER CO., INC.

April 17, 2014

Notice Concerning Issuance of the 473rd Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 473rd Straight Bonds of Tohoku Electric Power Co., Inc. will be issued as described below.
Please note that the bonds will be offered to institutional investors only.

The 473rd Straight Bonds

1. Purpose of issuance: Proceeds will be used for capital expenditure and bond redemption
2. Type of bond: Straight bond (with general mortgage)
3. Aggregate
principal amount: 40 billion yen
4. Denomination: 1 million yen
5. Schedule: Date of offer April 17, 2014
Subscription date April 17, 2014
Closing date April 23, 2014
Date of issue April 23, 2014
6. Interest: 0.597% p.a.
(Yield to maturity: 0.597% p.a.)
7. Issue price: 100% of the denomination
8. Redemption price: 100% of the denomination
9. Period to maturity: 7 years (April 23, 2021)
10. Redemption method: Bullet maturity
11. Managers: Daiwa Securities Co. Ltd. (Lead manager) Nomura Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
12. Bond trustees: Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
13. Bond rating: A (Rating and Investment Information, Inc.) AA- (Japan Credit Rating Agency, Ltd.)

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