The Board of Directors of The Aomori Bank Ltd. (TSE:8342) authorized a share repurchase program on August 28, 2012. Under the program, the company will repurchase up to 2,100,000 shares, representing 0.95% of its issued share capital (excluding treasury shares), at a fixed price of ¥239 per share, for a total cost of ¥501.9 million. The repurchases will be done at the Tokyo Stock Exchange Off-Auction Own Shares Repurchase Trading. The repurchases will be done on Article 165, section 2 of the Company Act). The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. Due to market conditions, there is a possibility that the number of shares could not be acquired in part or in full. Repurchases will be made on August 29, 2012. As of July 31, 2012, the company has 209,736,559 shares outstanding (treasury shares excluded) and 1,385,056 shares held in treasury.

The Aomori Bank Ltd.'s share repurchase program expired on August 29, 2012. Under the plan, the company repurchased 1,924,000 shares, representing 0.87% of its issued share capital (excluding treasury shares), at a fixed price of ¥239 per share, for a total cost of ¥459.84 million.