April 28, 2016

Transaction with Affiliate Company - Purchase of Samsung Biologics Shares

On 28th April 2016, the board of directors of Samsung Electronics Co., Ltd. authorized the purchase of shares of its affiliate, Samsung Biologics Co., Ltd., from Quintiles Asia, Inc.

Details of Purchase

1. Items of Transaction:
276,400 common shares of Samsung Biologics from Quintiles Asia, Inc.
- Transaction value: KRW 14,275 million (Total investment volume: KRW 559,940 million)

2. Purpose of transaction
Required pro rata purchase of Quintiles Asia’s shares of Samsung Biologics Co., Ltd., pursuant to Quintiles Asia’s exercise of its put option.

3. Number of Independent Directors Present at the BOD Meeting: 5 (100%)

4. Attendance of Audit Committee Members at the BOD Meeting: Y

※ Note: This disclosure is in accordance with the Korean Fair Trade Act Article 11-2 (Resolution of the Board of Directors and its Publication on Large-Scale Intra-Group Transaction) and Samsung Electronics the Article of Incorporation Article 40-1 which states any company belonging to a Corporate Group falling under the Presidential Decree with intend to channeling or trading funds, offering or trading securities, offering or trading assets, and/or offering or trading good and services that exceeds KRW 5 billion shall publish such intention in advance following a resolution of the Board of directors. This transaction is expected to be completed during May 2016 and its contents may change in the process of acquiring the shares.

Welcome to Samsung

Sign up & get 10% off

Sign up and get 10% off your first order of $100 or more! Shop Samsung.com to find the best tech at the best prices and recieve news on our latest technology and exclusive offers.*

*Exclusion apply. Order must be a minimumm of $100 or more. Offer valid only for new Samsung.com customers. Must sign up for emails by 11/12/16. Promo code must be used by 11/19.

Fast, easy checkout with Shop Samsung App
Easy sign-in, Samsung Pay, notifications, and more!
Or continue shopping on Samsung.com
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.

You Are About To Be Redirected To Investor Relations Information for U.S.

Thank you for visiting Samsung U.S. Investor Relations. You will be redirected via a new browser window to the Samsung Global website for U.S. investor relations information.