The Board of Directors of Iljin Energy Co., Ltd. (KOSE:A094820) authorized a share repurchase program on November 6, 2012. Under the program, the company will repurchase up to KRW 2 billion worth own shares pursuant to a trust agreement with Meritz Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance the shareholder value. Repurchases will commence on November 6, 2012 and will continue until November 5, 2013.

As of November 5, 2012, the company has 1,291 shares in treasury under direct ownership and no shares in treasury under trust agreement. Meritz Securities Co., Ltd. acted as the broker for the buyback.