Vector's board gives notice in accordance with Listing Rule 7.6.2 that Vector will undertake an on market buy back of its ordinary shares.

The maximum number of shares to be acquired is 25,000,000 and purchases may occur within the period from 1 September 2008 and continue up until 27 August 2009.

The shares acquired will initially be held as treasury stock.

Vector has appointed ABN AMRO to act on its behalf in relation to the buy back.