TOHOKU ELECTRIC POWER CO., INC.

June 6, 2014

Notice Concerning Issuance of the 474th Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 474th 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 474th 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: 10 billion yen
4. Denomination: 100 thousand yen
5. Schedule: Date of offer June 9, 2014
Subscription date June 24, 2014
Closing date June 25, 2014
Date of issue June 25, 2014
6. Interest: 0.40% p.a.
(Yield to maturity: 0.40% p.a.)
7. Issue price: 100% of the denomination
8. Redemption price: 100% of the denomination
9. Period to maturity: 5 years (June 25, 2019)
10. Redemption method: Bullet maturity
11. Managers: SMBC Nikko Securities Inc.
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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