AudioCodes Announces Share Repurchase Program (October 2011)

Lod, Israel - October 3, 2011 - AudioCodes (NasdaqGS: AUDC), a leading provider of Voice over IP (VoIP) technologies and Voice Network products, today announced that the Company’s Board of Directors has authorized a program to repurchase up to 4,000,000 of its Ordinary Shares NIS 0.01 nominal (par) value, which is approximately 10% of the Company’s outstanding shares. The purchases will be made from time-to-time at the discretion of AudioCodes management in open market or privately negotiated transactions. Such purchases would be subject, among other things, to the share price and market conditions and will be made in accordance with all applicable laws and regulations.