The shareholders of Sephaku Holdings Limited (JSE:SEP) authorized a share repurchase program at its Annual General Meeting on January 20, 2012. Under the program, Sephaku Holdings will repurchase up to 5% of its issued capital. The repurchases will be in accordance with the Companies Act 61 of 1973. The repurchases will be conducted through an order book operated by JSE trading system without prior understanding between the company and the counter party. The repurchases will not be made during the prohibited period and the company will comply with the shareholders spread requirements as laid down on JSE. The shares will not be repurchased at a price greater than 10% above the weighted average price of the market value of the shares as determined over the five business days immediately preceding the date on which the repurchase is made. The share repurchase program will expire at the conclusion of the next Annual General Meeting or after 15 months. Till June 30, 2012, the company has made no repurchases.

Sephaku Holdings Limited's share repurchase program expired on January 11, 2013.