Share Buyback

On 29 May 2013, the Executive Board of InVision AG (ISIN: DE0005859698) decided, with the approval of the Supervisory Board, to buy back up to 50,000 of the company’s own shares on the stock exchange (corresponding to 2.24 percent of the share capital), at a maximum price of EUR 25 per share, starting from 30 May 2013.

This Decision was first extended on 6 December 2013. In the course of this expansion the purchase price per share was raised to a maximum of EUR 30 with immediate effect.

By a Decision of 15 January 2014, the limit of the buyback of the company’s own shares on the stock exchange has been extended to a total of max. 75,000 shares (corresponding to 3.36 percent of the share capital).

The share buyback is based on the authorisation granted at the Annual General Meeting of 24 August 2010 to acquire up to 10 percent of the company’s own shares.

The repurchased shares may be used for all purposes permissible under the authority granted at the Annual General Meeting of 24 August 2010, and applicable to the provisions of the stock corporation law. The equivalent value per share (excluding extra acquisition charges) may not be more than 10 percent higher or lower than the stock exchange quotation, which is determined in the opening auction in XETRA trading on the Frankfurt Stock Exchange on the relevant trading day.

The share buyback is to be exercised independently and without the influence of the company by M.M. Warburg & CO Kommanditgesellschaft auf Aktien, Hamburg (Germany), upon application of the safe harbour regulations.

• Ad-hoc Announcement, 29 May 2013: InVision AG Decides on Share Buyback
• Ad-hoc Announcement, 6 December 2013: InVision AG Extends Share Buyback Programme - Purchase Price Increased to EUR 30.00
• Ad-hoc Announcement, 15 January 2014: InVision AG Expands Share Buyback Programme to a Total of 75,000 Treasury Shares

On 31 March 2014, the share buyback programme, which was decided on 29 May 2013, was prematurely terminated.

Overview of purchases completed under the share buyback programme which was decided on 29 May 2013 and extended on 6 December 2013 and on 15 January 2014

Month	Number of shares required	Average price (in €)	Purchased volume (in €)
May 2013	1,200	17.55198	21,050.55
June 2013	10,553	17.06573	180,192.75
July 2013	10,142	18.08747	185,775.61
August 2013	6,180	18.27194	112,851.21
September 2013	3,004	18.42550	55,676.99
October 2013	7,816	22.27044	175,022.86
November 2013	0	0.00	0.00
December 2013	5,324	27.25262	144,524.21
January 2014	6,787	28.41286	193,119.15
February 2014	1,204	29.12393	35,211.00
March 2014	0	0.00	0.00
Total	52,210	21.52637	1,103,424.33

Detailed overview

May 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
30 May	550	17.67018	9,718.60
31 May	650	17.43377	11,331.95
Total	1,200	17.55198	21,050.55

June 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
3 June	569	17.48589	9,949.47
4 June	330	17.35424	5,726.90
5 June	374	17.00361	6,359.35
6 June	270	17.00269	4,590.73
7 June	488	17.41721	8,499.60
10 June	762	16.83946	12,831.67
11 June	692	16.88772	11,686.30
12 June	823	17.20000	14,155.60
13 June	851	17.12949	14,577.20
14 June	895	17.03296	15,244.50
17 June	50	16.90500	845.25
18 June	0	0.00	0.00
19 June	545	17.05000	9,292.25
20 June	634	16.97192	10,760.20
21 June	859	17.16068	14,741.02
24 June	812	17.02863	13,827.25
25 June	589	16.95000	9,983.55
26 June	855	16.98365	14,521.02
27 June	155	16.78000	2,600.90
28 June	0	0.00	0.00
Total	10,553	17.06573	180,192.75

July 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
1 July	132	17.14886	2,263.65
2 July	376	17.85872	6,714.88
3 July	354	17.63853	6,244.04
4 July	320	17.20438	5,505.40
5 July	154	16.90000	2,602.60
8 July	320	16.90000	5,408.00
9 July	375	16.74133	6,278.00
10 July	371	17.32480	6,427.50
11 July	402	17.52617	7,045.52
12 July	403	17.47395	7,042.00
15 July	356	18.08708	6,439.00
16 July	150	18.00000	2,700.00
17 July	466	18.44854	8,597.02
18 July	559	18.86941	10,548.00
19 July	600	18.83000	11,298.00
22 July	614	18.80268	11,544.85
23 July	620	19.00000	11,780.00
24 July	651	18.88464	12,293.90
25 July	309	18.90000	5,840.10
26 July	634	18.83276	11,939.97
29 July	680	18.78493	12,773.75
30 July	605	18.89500	11,431.48
31 July	691	18.89717	13,057.95
Total	10,142	18.08474	185,775.61

August 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
1 August	500	18.90000	9,450.00
2 August	50	18.60000	930.00
5 August	517	18.60000	9,616.20
6 August	523	18.66543	9,762.02
7 August	484	18.00000	8,712.00
8 August	665	17.99390	11,965.92
9 August	316	17.87500	5,648.50
12 August	650	17.78769	11,562.00
13 August	0	0.00	0.00
14 August	0	0.00	0.00
15 August	441	17.94587	7,914.13
16 August	100	17.63000	1,763.00
19 August	127	17.60000	2,235.20
20 August	314	17.71306	5,561.90
21 August	0	0.00	0.00
22 August	324	18.91944	6,129.90
23 August	115	18.85000	2,167.75
26 August	300	18.65833	5,597.50
27 August	155	18.50323	2,868.00
28 August	200	18.32000	3,664.00
29 August	300	18.30500	5,491.50
30 August	99	18.30000	1,811.70
Total	6,180	18.27194	112,851.21

September 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
2 September	265	18.35000	4,862.75
3 September	115	18.50000	2,127.50
4 September	260	18.55000	4,823.00
5 September	255	18.55000	4,730.25
6 September	6	17.83500	107.01
9 September	208	17.75000	3,692.00
10 September	200	17.68500	3,537.00
11 September	0	0.00	0.00
12 September	150	18.00000	2,700.00
13 September	163	17.95000	2,925.85
16 September	100	18.50000	1,850.00
17 September	164	18.11000	2,970.04
18 September	160	18.20000	2,912.00
19 September	136	18.09000	2,460.24
20 September	0	0.00	0.00
23 September	130	18.59000	2,416.70
24 September	0	0.00	0.00
25 September	0	0.00	0.00
26 September	180	19.00000	3,420.00
27 September	195	19.68974	3,839.50
30 September	317	19.88375	6,303.15
Total	3,004	18.42550	55,676.99

October 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
1 October	396	20.19000	7,995.24
2 October	464	20.43103	9,480.00
3 October	570	22.00000	12,540.00
4 October	573	22.16754	12,702.00
7 October	678	22.55366	15,291.38
8 October	707	21.91202	15,491.80
9 October	256	21.07439	5,395.04
10 October	450	21.44444	9,650.00
11 October	797	22.57014	17,988.40
14 October	827	22.95116	18,980.61
15 October	689	23.47165	16,171.97
16 October	185	23.58650	4,363.50
17 October	824	23.58364	19,432.92
18 October	400	23.85000	9,540.00
21 October	0	0.00	0.00
22 October	0	0.00	0.00
23 October	0	0.00	0.00
24 October	0	0.00	0.00
25 October	0	0.00	0.00
28 October	0	0.00	0.00
29 October	0	0.00	0.00
30 October	0	0.00	0.00
Total	7,816	22.27044	175,022.86

November 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
1 November	0	0.00	0.00
4 November	0	0.00	0.00
5 November	0	0.00	0.00
6 November	0	0.00	0.00
7 November	0	0.00	0.00
8 November	0	0.00	0.00
11 November	0	0.00	0.00
12 November	0	0.00	0.00
13 November	0	0.00	0.00
14 November	0	0.00	0.00
15 November	0	0.00	0.00
18 November	0	0.00	0.00
19 November	0	0.00	0.00
20 November	0	0.00	0.00
21 November	0	0.00	0.00
22 November	0	0.00	0.00
25 November	0	0.00	0.00
26 November	0	0.00	0.00
27 November	0	0.00	0.00
28 November	0	0.00	0.00
29 November	0	0.00	0.00
Total	0	0.00	0.00

December 2013

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
2 December	0	0.00	0.00
3 December	0	0.00	0.00
4 December	0	0.00	0.00
5 December	0	0.00	0.00
6 December	529	28.93843	15,308.43
9 December	550	27.72471	15,248.59
10 December	500	27.47500	13,737.50
11 December	534	27.62500	14,751.75
12 December	363	27.65000	10,036.95
13 December	185	27.72000	5,128.20
16 December	317	28.01022	8,879.24
17 December	80	28.16000	2,252.80
18 December	408	28.13000	11,477.04
19 December	459	25.74500	11,816.96
20 December	329	26.08119	8,580.71
23 December	0	0.00	0.00
24 December	0	0.00	0.00
25 December	0	0.00	0.00
26 December	0	0.00	0.00
27 December	546	25.87187	14,126.04
30 December	524	25.15267	13,180.00
Total	5,324	27.25262	144,524.21

January 2014

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
2 January	480	25.14813	12,071.10
3 January	400	25.07500	10,030.00
6 January	150	25.27330	3,791.00
7 January	75	26.48500	1,986.38
8 January	343	27.02571	9,269.82
9 January	240	28.01271	6,723.05
10 January	244	28.46699	6,945.95
13 January	286	28.46503	8,141.00
14 January	395	28.38614	11,212.53
15 January	304	28.75296	8,740.90
16 January	404	29.56550	11,944.46
17 January	436	29.70328	12,950.63
20 January	452	29.53389	13,349.32
21 January	383	28.96002	11,091.69
22 January	469	29.51729	13,843.61
23 January	352	30.02798	10,569.85
24 January	352	29.49751	10,383.12
27 January	181	29.20439	5,285.99
28 January	204	29.36667	5,990.80
29 January	310	29.41648	9,119.11
30 January	20	29.60000	592.00
31 January	307	29.59889	9,086.86
Total	6,787	28.41286	193,119.15

February 2014

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
3 February	297	29.47823	8,755.03
4 February	140	28.52464	3,993.45
5 February	115	28.71500	3,302.23
6 February	168	28.90000	4,855.20
7 February	311	29.53875	9,186.55
10 February	173	29.58694	5,118.54
11 February	0	0.00	0.00
12 February	0	0.00	0.00
13 February	0	0.00	0.00
14 February	0	0.00	0.00
17 February	0	0.00	0.00
18 February	0	0.00	0.00
19 February	0	0.00	0.00
20 February	0	0.00	0.00
21 February	0	0.00	0.00
24 February	0	0.00	0.00
25 February	0	0.00	0.00
26 February	0	0.00	0.00
27 February	0	0.00	0.00
28 February	0	0.00	0.00
Total	1,204	29.12393	35,211.00

March 2014

Date	Number of shares acquired	Average price (in €)	Purchased volume (in €)
3 March	0	0.00	0.00
4 March	0	0.00	0.00
5 March	0	0.00	0.00
6 March	0	0.00	0.00
7 March	0	0.00	0.00
10 March	0	0.00	0.00
11 March	0	0.00	0.00
12 March	0	0.00	0.00
13 March	0	0.00	0.00
14 March	0	0.00	0.00
17 March	0	0.00	0.00
18 March	0	0.00	0.00
19 March	0	0.00	0.00
20 March	0	0.00	0.00
21 March	0	0.00	0.00
24 March	0	0.00	0.00
25 March	0	0.00	0.00
26 March	0	0.00	0.00
27 March	0	0.00	0.00
28 March	0	0.00	0.00
31 March	0	0.00	0.00
Total	0	0.00	0.00