The shareholders of Altareit (ENXTPA:FROM) authorized a share repurchase program at its Annual General Meeting on June 17, 2011. Under the program, Altareit will repurchase up to €100 million worth of its shares, at a maximum purchase price of €200 per share. The repurchase, sale or transfer transactions may be carried out by any means compatible with the laws and regulations in force, including the use of derivative financial instruments and the purchase or sale of blocks of shares. Such transactions make take place with shareholders who are executive officers (on condition that such transactions take place at a price equal to the average of the last 20 stock market trading days, on the understanding that if this average is greater than the last stock market price, the transaction will take place at a price equal to the last stock market price).These transactions may take place at any time, including during periods of takeover bids for the company's shares, provided that such bids are paid for entirely in cash and subject to any abstention periods provided for by current legal and regulatory provisions. The purpose of the share repurchase program is to enable the market in the shares or their liquidity to be stimulated by an investment services provider pursuant to a liquidity contract in accordance with professional rules of the AMAFI recognized by the Financial Markets Authority, the acquisition of shares to be retained and subsequently delivered by way of payment, exchange or otherwise in the context of external growth operations, being a practice accepted by the Financial Markets Authority, the allocation of shares to employees and/or executive officers (under the conditions and in the manner provided by law), particularly in the context of a stock option plan, a bonus shares allocation plan or a company savings plan, the allocation of shares to the holders of negotiable securities convertible into shares of the company upon the exercise of the rights attached to such securities, in accordance with the regulations in force, the potential cancellation of the shares acquired, subject to the adoption of the extraordinary resolutions. The share repurchase program will expire after 18 months, on December 17, 2012.

Altareit's share repurchase program expired on December 17, 2012.