On 17 June 2009, the executive board of ORBIS AG decided to purchase up to 200,000 of its own shares via the stock exchange in the period starting 17 June 2009 until 30 June 2010 at the latest, on the basis of the authorisation given by the annual general meeting of 16 June 2009.

The purchase price per share (excluding incidental purchase costs) most not be more than 10% higher or lower than the mean closing price of the share in Xetra trading at the Frankfurt Stock Exchange on the last three days of trading before the purchase.

The buy-back serves all purposes that are legally permitted and covered by the authorisation of the annual general meeting of 16 June 2009, particularly that of fulfilling share subscription rights from the company’s share option programmes towards the company’s employees and that of transferral to third parties as a return service as part of business mergers, business acquisitions and the purchase of shareholdings.

The company has commissioned a bank to buy back the shares. This bank will arrive at a decision regarding the time and the daily quantity of the purchase of the shares independently, with no influence from ORBIS AG. Furthermore, the bank will issue the purchase orders in accordance with the share buy-back authorisation and the provisions given in Art. 5 of Commission Regulation (EC) No. 2273/2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.

The buy-back programme can, if necessary and legally permissible, be suspended and recommenced at any time.

We provide information on the progress of the share buy-back programme on this website on a regular basis.

Suspension of the share buy-back programme:

On 27 October 2009, the share buy-back programme was suspended on the basis of the decision of the executive board of ORBIS AG of 26 October 2009.

ORBIS AG
Share buy-back programme 2009

ISIN DE0005228779
WKN 522877