The Board of Directors of PJ Metal Co. Ltd. (KOSE:A128660) authorized a share repurchase program on December 6, 2012. Under the program, the company will repurchase up to 852,272 shares for KRW 1.5 billion based on the closing price of company's share on December 5, 2012. Repurchases will be made from the stock exchange. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 93,858 shares on any one day in the program. Repurchases will commence on December 7, 2012 and will continue until March 6, 2013. As of December 5, 2012, the company has no shares in treasury. Korea Investment & Securities Co., Ltd. acted as the broker for PJ Metal Co. Ltd.

PJ Metal Co. Ltd.'s share repurchase program expired on January 17, 2013. Under the plan, the company has repurchased 705,625 shares for KRW 1.5 billion.