The Board of Directors of Human Pheromone Sciences, Inc. (OTC Bulletin Board:EROX) authorized a share repurchase program on December 10, 2007. Under the program, Human Pheromone Sciences will repurchase up to 400,000 shares, representing 10% of its issued capital. The repurchases may be made from time to time in the open market and through private transactions. The share repurchase program has no time limit. As of September 30, 2011, Human Pheromone Sciences has made no repurchases. Human Pheromone Sciences, Inc.'s share repurchase program expired on March 30, 2012.