Boston Omaha Corporation (NYSE:BOC) (the "Company") announced that its Board of Directors has approved and authorized a new share repurchase program (the "Share Repurchase Program"), pursuant to which the Company intends to repurchase up to $30 million of its Class A common stock.

The Share Repurchase Program will become effective on November 1, 2026 and will replace the prior share repurchase program established in 2025 which would otherwise have expired on December 31, 2026. Through September 10, 2026, the Company has repurchased 1,607,323 shares of its Class A common stock for a total cost of approximately $21 million under the 2025 share repurchase plan.

The Share Repurchase Program expires on the earlier of December 31, 2027 or when $30 million of Class A common stock has been repurchased under the Share Repurchase Program. Pursuant to the Share Repurchase Program, the Company is not obligated to repurchase any specific number of shares of its Class A common stock. Any repurchase of shares will take place in open market transactions or privately negotiated transactions in accordance with applicable securities and other laws, including the Securities Exchange Act of 1934. The Company intends to finance the repurchase program using its available cash and cash equivalents. The Company's Board of Directors may modify, suspend, extend or terminate the Share Repurchase Program at any time.

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