Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna (WSE:ZRE) commences share repurchases on May 21, 2015 under the program mandated by the shareholders in the Ordinary General Meeting held on April 28, 2015.

On May 19, 2015, the company decided to commence the repurchase program. As per the mandate, the company is authorized to repurchase up to 872,500 shares, for a total of PLN 3.05 million. The minimum price which the company will pay for its shares is PLN 0.5 per share and the maximum price which the company will pay for its shares is PLN 3.5 per share. Repurchases will be made on the on the regulated market of Gieldy Papierów Wartosciowych S.A. and in the over-the-counter sales and within announcing the invitation to subscribe for the sale of the shares of the company and within block sales. The shares will be repurchased in order to finance the investments planned by the company or for other purposes specified by the Management Board, under the condition of obtaining an appropriate consent of the Supervisory Board of the company. The company shall be able to purchase no later than 25% of the appropriate daily average amount of the share turnover of the company on the regulated market of the Warsaw Stock Exchange, specified based on the turnover from 20 days directly preceding the date of purchase of the shares. The Management Board of the company, upon the consent of the Supervisory Board of the company, may complete the Program before exhausting the means allotted for purchase of own shares or before the lapse of Program fulfillment date or it may withdraw from the fulfillment of the Program in whole or in part. The share repurchase program is valid for three years from the date of commencement and shall be completed earlier in the case of exhausting the financial means allotted for the fulfillment of the program.