The shareholders of Orapi (ENXTPA:ORAP) authorized a share repurchase program at its Mixed General Meeting on April 22, 2011. Under the program, the company is authorized to repurchase up to 172,124 own shares, representing 5.97% of its share capital as on April 30, 2011, such that its holding in treasury does not exceed 10% of its share capital. Repurchases will be made at a maximum acquisition cost of €30 per share, for a total of €5.16 million. Acquisition, sale, transfer or exchange of these shares will be carried out by all means on or off the market, including by transactions of blocks of shares, being specified that the resolution suggested for the vote of the shareholders does not limit the share of the program which can be realized by acquisition of blocks of shares. These deals could in particular be carried out in public bid period in the observance of the stock exchange regulation and subject to the periods of abstention forecasted by the law and the General regulation of the AMF. The share buyback program will be valid for a period of 18 months, until October 22, 2012.

Orapi's share repurchase program expired on October 22, 2012.