The shareholders of Manutan International SA (ENXTPA:MAN) authorized a share repurchase program at its Annual General Meeting on March 11, 2011. Under the program, the company is authorized to repurchase up to 5% of its share capital, such that its holding in treasury does not exceed 10% of its share capital. Repurchases will be made at a maximum acquisition cost of €100 per share, for a total of €38.07 million. These acquisitions of shares could be operated by all means including by way of acquisition of blocks of shares, and at the times that the Management board will assess, including in public bid period, within the limit of the stock exchange regulation. The company reserves the right to use optional mechanisms or derived instruments in the framework of the applicable regulation. The share buyback program will be valid for a period of 18 months.

Manutan International SA's share repurchase program expired on September 11, 2012.