ASR Nederland N.V. (ENXTAM:ASRNL) commences share repurchases on January 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on on May 25, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital as of May 25, 2022. The shares will be repurchased at a price between nominal value of the shares and 10% above the average closing price, over a period of five days preceding the day on which the shares are contracted to be purchased.

The authority shall remain valid for a period of 18 months, that is November 24, 2023.