The Board of Directors of Formetal Co., Ltd. (KOSE:A119500) authorized a share repurchase program on December 26, 2012. Under the program, the company will repurchase up to KRW 1 billion worth of own shares pursuant to a trust agreement with IBK Securities Co. Ltd. The purpose behind the program is to stabilize the stock price and enhancement of shareholder value.

Repurchases will commence on December 26, 2012 and will continue until June 25, 2013. As of December 25, 2012, the company has no shares in treasury under direct ownership and trust agreement. IBK Securities Co.

Ltd. acted as the broker to the company.