The shareholders of Grupo Soares da Costa SGPS SA (ENXTLS:SCOAE) authorized a share repurchase program at its Annual General Meeting on May 24, 2012. Under the program, the company will repurchase own shares such that its holding in treasury does not exceed 10% of its share capital. The minimum and the maximum price will be according to the volume of shares that result from the application of Regulation (EC) no.2273/2003, of December 22, 2003. The shares will be repurchased in the regulated market. The authorization is valid for a period of 18 months. Till March 31, 2013, no repurchases were made.

Grupo Soares da Costa SGPS SA's share repurchase program expired on May 30, 2013.