ASM International N.V. (Euronext Amsterdam: ASM) today reports commencement and details of share buyback program.

On October 28, 2015 ASM International N.V. ("ASMI") announced a €100 million share buyback to be executed within the 2015-2016 timeframe. As part of this program, ASMI will purchase shares which it intends to cancel upon repurchase. In addition ASMI will purchase, as part of this program, shares to cover employee stock and stock option plans.

The buyback will be realized through a program executed by intermediaries through on-exchange purchases or through off-exchange trades and will end on completion of the program, but ultimately on November 20, 2016.

On May 21, 2015 the General Meeting of Shareholders authorized ASMI to repurchase common shares for a period of 18 months up to a maximum of 10% of the issued capital at a price at least equal to the shares' nominal value and at most equal to 110% of the share's average closing price according to the listing on the NYSE Euronext Amsterdam stock exchange during the five trading days preceding the purchase date. The buyback program will be executed in accordance with the conditions of this mandate given by the General Meeting of Shareholders.

The maximum number of shares to be repurchased on any given day will not exceed 25% of the average daily trading volume on the regulated market on which purchases are made, calculated over the last 20 trading days before the date of repurchase. The program does not include the repurchase of ASMI's New York Registry Share program.

The repurchase program is part of ASMI's commitment to use excess cash for the benefit of its shareholders.

ASMI will update the markets on the progress of the buyback program on a weekly basis. This information can be found on the ASMI website (www.asm.com).