December 21, 2004

Insurance Policy Purchase

Details

1. Insurance company : Samsung Life Insurance

2. Insurance policy purchase date : December 31, 2004 (Premium payment date)

3. Type of insurance policy : Severance insurance policy

4. Insurance details
- Total premium : KRW 172 billion (taking into account KRW 15.6 billion of future interest accruals, the actual premium to be
   paid is KRW 156.4 billion)
- Insurance money : Samsung Life will pay 59% of severance pay in case a Samsung Electronics employee leaves
   the company.
- Insurance period : December 31, 2004 to December 30, 2005
- Premium payment : Payment in full
- Interest rate: 4.2% (floating rate)

5. The purchase of insurance policy aims to manage severance pay in a stable manner and improve profitability of the asset.

6. The BOD of Samsung Electronics authorized the insurance policy purchase plan on December 21, 2004


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