KST Beteiligungs AG (DB:KSW) commences share repurchases on June 16, 2015, under the program mandated by the shareholders in the Annual General Meeting held on June 9, 2015.

On June 16, 2015, the company authorized the repurchase of 594,000 own shares. The repurchase is executed under management of a bank. The repurchase program will be carried out in agreement with §§ 14 paragraph 2, 20 A Securities Trade Act under consideration of the so-called Safe-Harbour regulations in accordance with regulation (EG) No. 2273/2003. The credit institution makes its decisions over the time of acquisition as well as the amount of the individual repurchase of shares in accordance with article 6 Par. 3 b) of the EU-VO 2273/2003 independently and uninfluenced by the company. The price to be paid for the shares shall not deviate be more than 20% from the average of the closing price in the Open Market at the Stuttgart Stock Exchange or in the entry standard at Frankfurt Stock Exchange (including XETRA trade or a comparable follow-up system) during the last five trading days before the acquisition of the shares. The company will not repurchase more than not more than 25% of the average daily share turnover at the stock exchange, where the buyback is carried out, may be acquired. The repurchase program can be suspended, to the extent necessary and legally permissible, at any time and again revived. The repurchase is valid until June 30, 2016.

On February 9, 2017, the company announced that it has decided to continue current stock repurchase program with a newly increased limit of 1.20 euro per share.