i2S SA (ENXTPA:ALI2S) commences share repurchases on June 24, 2015 under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2015. As per the mandate, the company is authorized to repurchase up to 169,644 shares, representing 9.24% of the share capital such that the number of shares repurchased and the shares held in treasury does not exceed 10%of the share capital. The maximum amount allocated foe repurchase is €0.5 million.

The maximum unit price of acquisition of the shares could not be higher than the highest price between the last trading price and the best price suggested or in other words the best acquisition limit coming from deals independent of the program. Repurchased shares will be used for liquidity contract which conforms to the AMAFI ethics charter dated March 8, 2011 recognized by the decision dated March 21, 2011 of Autorité des marchés financiers, and to ensure the hedging of plans of shareholding employees and/or corporate agents of the group under the conditions and according to the terms forecasted by the law, particularly for stake with the results of the firm, for company savings plan or by free attribution of shares, and to cancel whole or part of the acquired shares, by way of reduction of the capital. The acquisition of shares of the company should not cause to lower the stockholders' equity of the company to an amount lower than that of the increased capital of the no distributable reserves.

Moreover, pursuant to article L.225-210 of the Commercial law, the company will have free reserves, others statutory reserve, of an amount at least equal to the value of the whole of the shares which it will own. The acquisition of the shares, as well as their sale or transfer, could be realized, in one or more time, at any moment, including in public bid period, and by all means, particularly by intervention on the market or outside market, including transactions of blocks, except for the use of derived products. The share repurchase program is in line with the framework of articles L.225-209 and L.225-210 of the Commercial law and provisions of the European regulation n°2273/2003 of December 22, 2003 pursuant to the directive 2003/6/CE of January 28, 2003 has come into effect on October 13, 2004.

The share repurchase program is valid for 18 months, until December 15, 2016. As of June 16, 2015, the company has 14,028 shares in treasury.