Fluidra, S.A. (CATS:FDR) commences share repurchases on January 1, 2013 under the program mandated by the shareholders in the Annual General Meeting held on June 6, 2012. As per the mandate, the company is authorized to repurchase such a number of shares that summed up to those held by the company or any of its controlled companies, will not exceed the maximum percentage of share capital of the company established by law from time to time. The minimum acquisition price of the shares will not be less than their par value and the maximum price will not be higher than 120% of their listed value on the date of acquisition.

The company will make derivative acquisition of shares through any procedure, either directly or through its controlled companies. The program authorizes the Board of Directors to allocate, in whole or in part, the treasury stock acquired to implementation or coverage of compensation systems that have the purpose of or imply deliver of shares or stock options, or that are based in any manner on the evolution of the listed value of the share, as provided for in article 146.1 of the Spanish Corporations Law and to reduce capital, to redeem the treasury stock of the company that it may have on its balance sheet, charged to profits or freely available reserves, in the amount advisable or necessary from time to time, up to the maximum treasury stock existing from time to time. The shares may be acquired by purchase or through any other procedure for consideration.

The shares to be acquired will be free and clear from encumbrances and charges and will be fully paid up. The repurchase program will be in compliance with article 146 and related articles of the Spanish Corporations Law. The share repurchase program is valid for 5 years.