Derichebourg will seek approval from its shareholders for a share repurchase program at the Combined General Meeting to be held on February 18, 2013. Under the program, the company is authorized to repurchase up to 13,681,877 shares, representing 8.14% of its issued share capital, such that it's holding in treasury does not exceed 10% of its share capital. The repurchases will be made at a maximum acquisition cost of €15 per share, for a total of €252.12 million.

The shares will be purchased at any time, including during a public offering, in one or more transactions and by any means, on the market or over-the-counter, including by the sale or the transfer of blocks of shares of an unlimited number, in compliance with the current regulations. The shares will be repurchased to improve the liquidity of the company's shares by organizing orderly trading under a liquidity contract with a provider of investment services, in compliance with AMAFI's code of ethics, which is recognized by the AMF, the French securities regulator, to grant shares to the employees, in accordance with legal requirements and generally within the framework of a profit sharing or company savings plan, to purchase the shares for subsequent use in exchange or as payment for acquisitions and to cancel, as part of the company's financial policies. The repurchases may take place at any time, other than during the non-trading periods provided by the laws or regulations.

The shares will be repurchased in accordance to Article L. 225-209 of the French Commercial Code. The program will be valid for a period of 18 months ending on August 17, 2014. As of November 30, 2012, the company had 168,082,030 shares in issue and 3,125,107 shares in treasury, representing 1.86% of its issued share capital.