The Board of Directors of JFE Holdings, Inc. (TSE:5411) authorized a share repurchase program on October 24, 2012. Under the plan, the company will repurchase up to 26,526,104 shares, representing 4.4% of its issued share capital, at a price of ¥1,042 per share, for a total cost of ¥27.64 billion. Such shares will be repurchased through negotiation method from company's subsidiaries based on Article 135, Clause 3, of Japan's Corporate Law.

The company will repurchase 24,471,698 shares, representing 4.06% from JFE Steel Corporation, 1,171,044 shares representing 0.19% from JFE Shoji Trade Corporation, 429,336 shares representing 0.07% from Gecoss Corp., 137,752 shares representing 0.02% from JFE Bars & Shapes Corporation, 53,600 shares representing 0.01% from JFE Electronic Steel Co., Ltd., 45,828 shares representing 0.01% from JFE Pipe Fitting Mfg. Co., Ltd., 30,820 shares representing 0.01% from JFE Metal Products & Engineering Inc., 29,480 shares representing 0.01% from JFE Mineral Co., Ltd., 28,140 shares representing 0.01% from JFE Metal Fabrica Corp., 27,068 shares representing 0.004% from JFE Logistics Corporation, 24,120 shares representing 0.004% from JFE Engineering Corporation, 22,780 shares representing 0.004% from JFE Daikei Steel Co., Ltd. 16,080 shares representing 0.003% from Galvatex Corporation, 15,800 shares representing 0.003% from Kyushu Tech Co., Ltd., 6,164 shares representing 0.001% from Daiwa Kohtai Co., Ltd., 5,286 shares representing 0.001% from JFE Shoji Coil Center Corporation, 2,800 shares representing 0.001% from JFE Shoji Sekiyu Hanbai Co., Ltd., 2,680 shares representing 0.0004% from JFE Container Co., Ltd., 2,680 shares representing 0.0004% from JFE Civil Engineering and Construction Corporation, 1,340 shares representing 0.0002% from Jfe Tubic Corporation, 1,340 shares representing 0.0002% from JFE Techno-wire Corporation and 268 shares representing 0.00004% from Hokuchokin Nichibei Kenzai Co., Ltd. The repurchases will be made on November 9, 2012. As of October 1, 2012, the company has 602,936,878 shares outstanding and 11,501,521 shares in treasury.