The Board of Directors of The Aomori Bank Ltd. (TSE:8342) authorized a share repurchase program on November 27, 2012. Under the program, the company will repurchase up to 2,000,000 shares, representing 0.96% of its issued share capital (excluding treasury shares), at a fixed price of ¥250 per share, for a total cost of ¥500 million. The company is repurchasing shares in order to put efforts into the pursuit of a dynamic capital strategy responsive to changes in the business world and return of profits to its shareholders.

The company will repurchase the shares in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The repurchase program will run from December 3, 2012 to March 15, 2013. As of October 31, 2012, the company has 207,809.451 shares outstanding (treasury shares excluded) and 3,312,164 shares held in treasury.