The Board of Managing Directors resolved on April 25, 2008 to make use of the authorization of the Annual General Shareholders' Meeting, held on March 19, 2008, to repurchase up to 2,000,000 shares of the company either through the Stock Exchange or from one or more individual shareholders through private transactions. The new share buy back program will start on April 25, 2008 subsequent to the expiry of the existing share buy back program on April 24, 2008. The authorization for the repurchase is given until September 2009. The acquisition price shall not be lower than EUR 0.01 and shall not exceed the average stock exchange price at the Frankfurt Stock Exchange during five stock exchange days prior to the day of the acquisition by more than 10%.

 

Bayerische Hypo- und Vereinsbank AG, Munich has been authorized to carry out the purchase via the stock exchange and will independently and without any influence by IFCO SYSTEMS N.V. decide upon the amount of shares to be purchased as well as the price and time of purchase