AST Groupe (ENXTPA:ASP) commences share repurchases on October 17, 2016 under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2016. As per the mandate, the company is authorized to repurchase up to 3% of its issued share capital, for a total of €1.5 million. The maximum purchase price by the company is fixed at 100% of the average price quoted for 30 trading sessions days of the of the year 2016 of the company's shares listed on Euronext C, and the minimum sale price by the company is fixed at 50% of this reference price, or the counter-value in euros of these amounts. In case of increase of share capital by incorporation of reserves and allocation of free shares, and in case, or stock split, or consolidation of shares, the prices specified above will be adjusted based on the required proportion by changes in the total number of shares under any of these operations. The shares will be repurchased for the purpose of stimulating the market through a liquidity contract compliant with the AMAFI Charter and for their conservation and their subsequent use as exchange or payment in connection with external growths operations in compliance with market practices accepted by the AMF, and within the limits provided by law, and for allocation of shares under the conditions and in the manner provided by law, notably in the framework of participation in the expansion of the business, for the service of the stock options under a company savings plan or free shares to employees and corporate officers under the provisions of Articles L. 225-197-1 and following of the Commercial Code, and for delivery of shares upon exercise of rights attached to securities giving access, in any way to the allocation of shares in the company in compliance with applicable regulations, and for cancellation of all or part of such shares, subject to the adoption by the Extraordinary General Meeting, a resolution authorizing the Board of Directors to proceed to the cancellation by a capital reduction operation, and to implement any market practice that may be approved by the AMF, and more generally, to carry out any operation compliant with current regulations. The Board of Directors or its legal representatives are conferred by the General Meeting with the power of delegation, to secure all the conditions to implement the share repurchase program. Repurchases will be made on one or several occasions, at times as it deems appropriate, in accordance with Articles L. 225-209 and following of the Commercial Code, the provisions of European Regulation No. 2273/2003 of December 22, 2003 and practices market accepted by the AMF, which may be delegated in accordance with legal provisions. The share repurchase program is valid for 12 months.