OREANDA-NEWS. May 11, 2012. AUTOBACS SEVEN Co., Ltd. (Ѓgthe Company,Ѓh Representative Director and Chief Executive Officer: Setsuo Wakuda) announced today the specific method to be used for purchasing its own shares under Article 156 of Japan's Companies Act, as applied pursuant to Article 165, paragraph 3 of the same law.

 1. Method of purchase:
 The Company will instruct its agent to purchase the CompanyЃfs own shares through the Osaka Stock Exchange's J-NET in off-hours trading (through the J-NET trading system) at 8:45 a.m. on May 14, 2012, at todayЃfs (May 11, 2012) closing price (including the last special quote) of 4,025 yen per share (transactions will not be conducted on any other system nor at any other time.).

 2. Details of purchase:
 1) Type of shares to be purchased
 Shares of common stock of the Company
 2) Aggregate number of shares to be purchased
 1,000,000 shares

 Notes:
 1. The number of shares to be purchased is fixed. A portion of the acquisition or the entire purchase may be cancelled depending on market conditions and/or other factors.
 2. Purchases will be made based on sell orders corresponding to the number of shares to be purchased.

 3. Announcement of the results:
 The results of the purchase will be announced after the completion of the trading at 8:45 a.m. on May 14, 2012.

 (Reference) Details of boardЃfs resolution on the share purchase (as announced May 10, 2012)
 ҐType of shares to be purchased:Shares of common stock of the Company
 ҐAggregate number of shares to be purchased:Up to 1,800,000 shares;
 ҐAggregate purchase price of shares:Up to JPY 8,100,000,000
 ҐProgress as of May 11, 2012
 Total number of shares purchased:Zero shares
 Total purchase price of shares:Zero yen