SMS Kredyt Holding S.A. (WSE:SMS) commences share repurchases on November 11, 2014 under the program mandated by the Extraordinary General Meeting held on September 24, 2014. As per the mandate, the company is authorized to repurchase up to PLN 0.25 million worth of shares. The shares will be repurchased at a price not lower than the nominal price of shares and at a price not higher than PLN 2 per share.

The shares will be purchased through a brokerage house on the Stock Exchange in Warsaw. The Board has the right to cancel, suspend or terminate the program before the date determined for the expiry or before the exhausting of the financial means. The management board has been authorized to take all legal actions connected with the purchase of the shares on conditions and under the mode fixed in the resolution.

The repurchase program is valid till twelve months until September 23, 2015.