June 20, 2006

Insurance Policy Purchase

On June 20, 2006, the Board of Directors of Samsung Electronics authorized the purchase of an insurance policy.

Details

1. Insurer: Samsung Life Insurance

2. Insurance Policy Purchase Date: June 30, 2006 (premium payment date)

3. Type of Insurance Policy: Severance insurance policy

4. Terms and Conditions of Insurance
- Insurance Premium: KRW 160.2 billion
(Taking into account KRW 12.9 billion of interest accruals, the actual premium to be paid is KRW 147.3 billion)
- Insurance Claim: Samsung Life will pay 59% of severance pay when a Samsung Electronics employee leaves the company.
- Insurance Period: From policy purchase date to severance payment date
- Premium Payment Mode: Payment in full
- Interest Rate: 4.6 % (floating rate)

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


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