The Board of Directors of Nara Mold & Die Co. Ltd. (KOSE:A051490) authorized a share repurchase program on April 9, 2013 . Under the program, the company will repurchase up to 900,000 shares for KRW 2.45 billion based on the closing price of the company's shares as on April 8, 2013.

The repurchases will be made on the stock exchange. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value. The company will repurchase up to 90,000 shares on any day in the program.

The repurchases will commence from April 10, 2013 and will continue until July 9, 2013. As of April 8, 2013, the company has 297,425 shares in treasury under the direct ownership and no shares in treasury under trust agreement. Samsung Securities Co., Ltd. acted as the broker to Nara Mold.