September 14, 2004 in Social Responsibility News

Share Buyback

1. Purpose of share buyback


Stock price stabilization





2. Details of share buyback plan

Common shares

4,000,000




Preferred shares

-




Others

-




3. Method of purchase


The repurchase will be made through the stock market.





4. Purchase price (KRW)

-




5. Buyback amount (KRW)

2,000,000,000,000




6. Financing method


Cash on hand





7. Buyback period

- From

09/17/2004

- To

12/16/2004




8. Securities brokerage firms


Samsung Securities, Daehan Investment & Securities, Korea Investment & Securities, and Prudential Securities





9. Details of treasury stock before buyback

Acquisition through securities market and tender offer

Common shares

Number of shares

9,986,625

Ratio(%)

6.78




Preferred shares

Number of shares

1,879,693

Ratio(%)

8.23




Acquisition through trust, etc.

Common shares

Number of shares

-

Ratio(%)

-




Preferred shares

Number of shares

-

Ratio (%)

-




10. Board decision date

09/13/2004




- Attendance of outside directors

Present
(no.)

7

Absent
(no.)

0




- Attendance of auditors

Present




11. Others


The repurchase price is determined in accordance with the provisions of the Securities Exchange Act. Samsung Electronics is allowed to change details of its buyback plan under rules and regulations governing listed companies' stock buyback. Any differences between the initial disclosure and the actual repurchases will be released immediately after the completion of the repurchases. The actual amount repurchased is subject to changes based on the price at the time of the repurchases since the buyback is made on the basis of the fixed number of shares to be repurchased. The ratios of the treasury stock before repurchase stated above are based on the number of outstanding shares recorded in the Commercial Register Book. The auditors stated above are members of the audit committee (the audit committee of Samsung Electronics is composed of three outside directors, all of whom were present in the September 13 board meeting).


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