Lojas Americanas S.A. (BOVESPA:LAME4) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 common shares representing 0.63% of the company's outstanding shares. The company will repurchase its shares in the open market. The shares repurchased may be used for the exercise of share purchase options under the company's share purchase option plan, cancelled or held in treasury or further sold. The company will fund the repurchase from the available funds. The purpose of the program is to maximize value to shareholders to efficiently apply the company's available funds. The repurchase program will be valid till May 9, 2018. As of May 9, 2017, the company has 539,943,630 common shares and 1,038,018,071 preferred shares outstanding and 2,300,719 preferred shares held in treasury.