In September 2006 DSM announced a share buy-back program of € 750 million.
This program was completed in September 2007. In total 20,528,008 shares were
repurchased at an average price of € 36.54 per share.
The program was executed in two phases, the first phase running in Q4 2006 and
the second phase in the period April trough September 2007. The shares
repurchased were subsequently cancelled.
Via regular press releases the market was informed about the progress made
with the execution of this program.