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Diebold authorizes 4-million share stock-repurchase

December 7, 2005

NORTH CANTON, Ohio - Diebold Inc.'s board of directors authorized the company to repurchase up to 4 million shares of its common stock in the open market, according to a news release.

That authorization is in addition to the approximately 500,000 shares remaining under its most recent 2-million-share authorization from August 2005. To date, Diebold has repurchased approximately 3.3 million shares.

Diebold plans to repurchase the shares as a means of returning cash to shareholders. The company has 68,705,587 shares of common stock outstanding.

"This new authorization represents a strong vote of confidence in our ability to generate substantially improved results as we focus on the profitability and competitiveness of our business," said Walden W. O'Dell, Diebold's chairman and chief executive.

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