Taurus Armas S.A. (BOVESPA:TASA4) announces a share repurchase program. Under the offer, the fund will repurchase up to 300,000 shares, representing 3.8% of its issued share capital. The purpose of the program is efficient management of the capital structure and maximizing the generation of value for the shareholder.

The repurchased shares will be held in treasury in order to meet the company's obligations arising from the stock grant plan approved by the company's Annual General Meeting held on April 28, 2023, intended for administrators, directors or other office holders company's strategic or of its current subsidiaries or that come to be sworn in in one of the aforementioned functions; or will be cancelled or later resold. The program will expire on December 20, 2024.