September 12, 2016

Sale of Business Operations

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) (“SEC”)
announced today that its Board of Directors has authorized the sale of business
operations of the Printing Solutions Business (“Business”).


□ On September 12, 2016, SEC and HP Inc. (“HP”) entered into a Master Purchase
Agreement (“Agreement”), in which SEC agrees to sell the Business to HP,
including all assets, liabilities and other related rights and obligations.


□ Major terms of the Agreement are as follows:

- Domestic business: SEC is spinning off the Business and selling 100% of the newly
established firm’s (tentatively named “S-Printing Solution Co., Ltd.”, subject to
change) registered common stock to HP. SEC has agreed to enter into licensing
agreements that would allow S-Printing Solution Co., Ltd. to sell printing related
products and services under the Samsung brand name in South Korea following the
sale of the Business. Specific terms of the licensing agreements will be agreed
upon following further discussion.

- Overseas business: SEC will be selling its 100% ownership stake in Samsung
Electronics (Shandong) Digital Printing Co., Ltd., PrinterOn Inc., Simpress
Comercio, Locacao e Servicos S. A., as well as Business related assets owned by
overseas affiliate companies of SEC. Upon closing of the Agreement, SEC and HP
shall enter into a transfer agreement for shares and assets between SEC and HP’s
related affiliate companies.

- Price of sale: $ 1.05 billion

□ The sale of the Business to HP is expected to be completed within 1 year, upon
completion of the preceding conditions in the Agreement.
(Schedule of the completion is subject to change)

□ Others
- Number of Independent Directors Present at the BOD Meeting: 5 (100%)
- Attendance of Audit Committee: Yes

* S-Printing Solution Co., Ltd.under SEC will be established as of November 1,
2016, pending the authorization of the spin-off and sale of the Business by the
Board of Directors on September 12, 2016. (The authorization and establishment
schedule is subject to change)


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.
GET
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×

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.
CANCEL
CONTINUE
×

Redirect Notification

As of Nov. 1, 2017, the Samsung Electronics Co., Ltd. printer business and its related affiliates were transferred to HP Inc.

For more information, please visit HP's website: http://www.hp.com/go/samsung


Select CONTINUE to visit HP's website.

CANCEL
CONTINUE