OREANDA-NEWS. May 14, 2012. AUTOBACS SEVEN Co., Ltd. (Ѓgthe Company,Ѓh Representative Director and Chief Executive Officer: Setsuo Wakuda) announced today that in connection with the CompanyЃfs announcement issued on May 11, 2012, the Company purchased its own shares through the Osaka Stock ExchangeЃfs J-NET as described below.

 1. Reason for purchase of the CompanyЃfs own shares : To improve capital efficiency and enhance shareholder returns
 2. Type of shares purchased : Shares of common stock of the Company
 3. Total number of shares purchased : 1,000,000 shares
 4. Total purchase price of shares : 4,025,000,000 yen
 5. Purchase date : May 14, 2012 (Monday)
 6. Method of purchase : Purchase through the Osaka Stock Exchange's J-NET

 (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 14, 2012
 Total number of shares purchased 1,000,000 shares
 Total purchase price of shares 4,025,000,000 yen