Hapvida Participações e Investimentos S.A. (BOVESPA:HAPV3) announces a share repurchase program. Under the program, the company will repurchase up to 400,000,000 shares of its issued share capital. The program is aimed to meet the future company's needs for share-based compensation plans and utilize available resources to maximize shareholders value, through an efficient management of the capital structure.

The authorization will be valid for a period of 18 months.