Compensation Trust announced on Friday that it has authorised the repurchase of up to 60,000 of the outstanding Common Shares of Global Sources Ltd.

The sale represents 23 percent of the total outstanding common shares of the Company.

Purchases will be made from time to time in the open market at prevailing market prices and may be made in privately negotiated transactions. As of September 5, 2000, the Company had 26,303,949 common shares outstanding.

The purpose of the repurchase programme is to provide shares to employees once the vesting conditions regarding those shares have been satisfied.

Global Sources Ltd. is the enabler of global merchandise trade. The company is the only online marketplace with an integrated cataloging, messaging and transaction solution.