October 25, 2013

Purchase of Retirement Pension Policy

On October 25, 2013, the Board of Directors of Samsung Electronics authorized the purchase of a retirement pension policy from Samsung Life Insurance

Details are as follows:

1. Insurer: Samsung Life Insurance

2. Type of Pension Policy: Retirement pension policy

3. Terms and Conditions
- Retirement Pension Premium: KRW 776.4 billion
• Actual payment would amount to KRW 692.0 billion after deducting
KRW 84.4 billion in accruals of interests, etc.
- Retirement Pension Claim: Samsung Life Insurance will pay 85% of severance pay when an employee of Samsung Electronics leaves the company

4. The purchase of retirement pension policy aims to manage severance pay in a stable manner and improve profitability of the asset.


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