S&B Industrial Minerals S.A. (the Company) announces the expiration, on 17.6.2012, of the two-year period for the implementation of a share buyback program of up to 10% of the Company's share capital, against a minimum purchase price equal to the par value of each Company share i.e. Euro 1 per share and a maximum purchase price Euro 12 per share. The said program was resolved by the Annual General Meeting of Shareholders on 17.6.2010.

Within the period 17.6.2010 to 17.6.2012 the Company acquired 193,370 common shares against an average purchase price of Euro 3.74 per share, and transferred 79.671 free treasury shares to executives of the Company, in the context of performance appraisal programs. The total number of treasury shares held by the Company until July 2011 was 671,513 representing at the time, 1.3% of its Share Capital. By resolution of the Annual General Meeting on 1 June 2011 the said treasury shares were cancelled on 11 July 2011. The Company today does not hold any treasury shares.