BOD Approval of Merger with Samsung LED

On February 20, 2012, the BOD of Samsung Electronics approved the merger with Samsung LED, Ltd, which was previously decided at the BOD meeting on December 26, 2011.

Details of the Merger

1. Method of merger
Samsung LED, Co, Ltd. will be merged into Samsung Electronics by way of
small-scale merger and be dissolved following the merger.

2. Objective of Merger
To nurture the LED business as the future growth engine of Samsung Electronics’ component business by utilizing its advanced technology, manufacturing competency, and global sales network.

3. Merger Ratio
Samsung Electronics: Samsung LED = 1: 0.0134934
(0.0134934 Samsung Electronics share in exchange for each Samsung LED share)

4. Date of Effect: April 1, 2012

5. Others
∙ The number of shares held by dissenting shareholders totaled 5,794,465 shares
(3.4% of total shares issued)
* Pursuant to Article 527-3 of the Commercial Act, the deal constitutes a small-scale merger with the shares to be provided accounting for less than 5% of the total shares issued. Hence, the BOD approval will substitute an General Meeting of Shareholders.


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