August 23, 2004

SEC Listing Common Shares to the Korea Stock Exchange

Samsung Electronics Co., Ltd. (SEC) filed a listing of 1,201,657 common shares to the Korea Stock Exchange (the KSE) on August 20, 2004, and the listing will be completed on August 24, 2004.

SEC issued convertible bonds in March 1997, and the CBs were converted into common shares in September 1997. However, a civic group filed a provisional disposition with the district court following the conversion, blocking SEC from listing the converted shares to the Korea Stock Exchange in 1997.

Finally, the Supreme Court ruled in favor of SEC in June 2004, clearing the way for the Company to list the converted shares to the Korea Stock Exchange.

The delayed listing of the shares will make no change to the current number of outstanding shares for common stock since they were incorporated in the number of outstanding shares when they were converted into common shares in 1997. However, some analysts may have used the total listed number of shares (146,097,680 shares) in their EPS/ BPS calculation.

※ SEC's Outstanding Shares (As of August 23, 2004)
- Common stock: 147,299,337 shares
- Preferred stock: 22,833,427 shares
- Total: 170,132,764 shares


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