The Board of Directors of Univec Inc. (OTCPK:UNVC) authorized a share repurchase program on August 6, 2012. Under the plan, the company will repurchase up to 100,000,000 shares. Shares may be repurchased by the company from time to time in open market transaction or in privately negotiated transactions as permitted under the applicable rules and regulations.

Repurchases will be made based on profit and cash flow of the company. The program may be limited or terminated at anytime without prior notice.