26 Oct 2012 08:22

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BOD Approval of the Merger Contract (SEHF Korea)
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On October 26, 2012, the BOD of Samsung Electronics approved the merger contract with SEHF Korea, which was previously decided at the BOD meeting on September 13, 2012.
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â–¡ Details of the Merger
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1. Method of merger:
SEHF Korea will be merged into Samsung Electronics at a merger ratio of 1:0
※ Since Samsung Electronics holds 100% stake in SEHF Korea, SEHF Korea will be merged into Samsung Electronics without new shares issued.
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2. Purpose
To enhance manufacturing competitiveness of Samsung Electronics' handset business by
securing technological competence in components including camera modules and touch screen
panels, thereby raising shareholder value.
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3. Voting results
Total number of shares held by dissenting shareholders accounted for 0.2% (389,239 shares) of
total shares issued.Â
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4. Date of merger: December 1, 2012
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※ Since the shares to be provided account for less than 10% of the total share issued, this dealconstitutes a small-scale merger pursuant to Article 527-3 of the Commercial Act andthe BOD approval will substitute the General Meeting of Shareholders.