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December 18, 2000 in Social Responsibility News

Voluntary Disclosure of Other Material Information Regarding Business


1. Name (Company name): API

a. Nationality: U.S.

b. Representative: Jin, Dae-Jae

c. Paid-In-Capital: $40,000,100 (USD)

d. Number of Outstanding Shares: (Shares)

Common : 2000 Preferred : 40,000,000

e. Core Business: Manufacturing of Alpha CPU

f. Location: Massachusetts Boston

2. Book Value: 28,269,482,000 KRW

3. Contents of Disposal

a. Content: 10,000,000 preferred shares

b. Amount: $20,000,000 (USD)

c. Number of shares outstanding after the disposal: (Shares)

Common : 1,750 Preferred : 25,000,000

d. % of ownership after the disposal:(%) 62.5

4. Reason/Objective of the Disposal

Reduction of investment risk through early retrieval of investment

5. Disposal (Expected) Date: Sometime in December

6. Decision Date (resolution date of the board of directors): December 18, 2000

- outside directors: present (no.) - absent (no.) -

- auditors: not present

6. The Others:

- The book value of API shares is based on the share value listed on 00 Semi-Annual Audit Report.

- The disposal amount is based on the third party evaluation

- The disposal price is $2 (Purchase price of $1) will yield the gain of $7,000,000 USD.

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