Titon Holdings plc will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on February 19, 2013. Under the plan, the company will repurchase up to 1,055,565 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share will not be less than 10p, the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share will not be more than 5% above the average middle market quotations for the ordinary shares taken from the Daily Official List of the London Stock Exchange for the five business days immediately before the date of purchase.

The company is generally and unconditionally authorized to make market purchases as defined in Section 693(4) of the Companies Act 2006. This program will expire on May 18, 2014 or at the conclusion of the next Annual General Meeting, whichever is earlier. As of December 13, 2012, the company had 10,555,650 shares outstanding and holds no share in treasury.