OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd. announces that its Board of Directors resolved at the meeting held today to acquire its own shares, under Article 156 of the Japan's Corporation Law, as applied pursuant to Article 165, paragraph 3 of the same law.

1. Reason for acquisition of the Company’s own shares:
To enhance shareholder returns and improve capital efficiency

2. Details of acquisition:
1) Type of shares to be acquired
Shares of common stock of the Company
2) Aggregate number of shares to be acquired
Up to 3,000,000 shares; 3.4% of total shares outstanding (excluding treasury stock)
3) Aggregate purchase price of shares
Up to JPY 5,400,000,000
4) Acquisition period
From May 12, 2014 to November 28, 2014

(Reference) Treasury stock as of March 31. 2014
Total number of shares outstanding (excluding treasury stock): 92,950,105 shares
Total number of treasury stock: 3,403,912 shares