April 07, 2004 in Social Responsibility News

Share Buy-back & Cancellation

□ Details
1. Purpose
The planned share repurchase and retirement aim to return
profits to our shareholders.
2. Type and class of stock
- Common stock: 3,060,000 shares (2.04% of the shares outstanding
for common stock)
- Preferred stock: 260,000 shares (1.13% of the shares
outstanding for preferred stock)
3. The buy-back amounts to approximately KRW 2 trillion.
※ The actual amount is subject to changes based on the price at
the time of the repurchase since the buy-back is made based on
the fixed number of shares to be repurchased.
4. The shares will be repurchased from April 12 to July 11, 2004.
(The buy-back will commence three days after the BOD resolution
DATE and be completed within a three-month repurchase period.)
5. The cancellation of shares will take place immediately after the
entire buy-back is completed.
6. SEC will repurchase the shares through Samsung Securities,
Daehan Investment & Securities, Korea Investment & Securities,
and Prudential Investment & Securities.
7. The daily repurchase limit is 306,000 common shares and 26,000
preferred shares, respectively, according to the 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.
8. The share repurchase will be made at the market.
9. SEC will finance the buy-back with its internal cash.
10. The BOD authorized the stock buy-back and retirement on April 7th, 2004.


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