October 17, 2003 in Social Responsibility News

Stock Repurchase and Cancellation

- The BOD approved the stock buy-back and retirement on October 17, 2003.
- The planned repurchase and cancellation of the stock aim to return profits to the shareholders.
- The Company plans to purchase 2,150,000 common shares and 330,000 preferred shares.
- The planned stock repurchase totals around KRW1 trillion.
ㆍThe projected cost of repurchase is subject to changes based on the price at the time of the purchase.

- Daily repurchase limit is 215,000 common shares and 33,000 preferred shares.
※ Daily repurchase limit is based on a requirement under which the limit should not exceed the greater of 10% of shares to be repurchased or 25% of the average of daily traded shares for one month preceding the BOD resolution.


- Repurchase of stock will be made for three months following three days after the BOD resolution.
- Samsung Securities, Korea Investment Trust and Daehan Investment Trust will make the purchase in the market.
- The shares will be retired immediately after the buy-back is completed.


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