Cancellation of Treasury Stock

12 Oct 2006 07:41

Report on Important Business Matters Cancellation of Treasury Stock SK Telecom Co., Ltd. ("SK Telecom") has completed the cancellation of certaintreasury stock, consisting of an aggregate of 1,083,000 shares of SK Telecom'scommon stock acquired by SK Telecom on the Stock Market Division of the KoreaExchange (the "Korea Exchange"). Details regarding the cancellation of treasurystock are as follows:1. Class and number of Common Stock First 491,000 shares cancelled cancellation Second 592,000 cancellation Total 1,083,000 Preferred Stock -- 2. Total number of Common Stock First 81,785,711 shares cancellation outstanding following Second 81,193,711 cancellation cancellation Preferred Stock -- 3. Face value per share (Won) of Common Stock 500 4. Cancellation date First cancellation August 17, 2006 Second cancellation September 29, 2006 5. Date of Korea Exchange listing First cancellation August 25, 2006 information update to reflect cancellation Second cancellation October 9, 2006SIGNATURESPursuant to the requirements of the Securities Exchange Act of 1934, theregistrant has duly caused this report to be signed on its behalf by theundersigned, thereunto duly authorized. SK Telecom Co., Ltd. (Registrant) By: /s/ Hyun Jong Song (Signature) Name: Hyun Jong Song Title: Vice PresidentDate: October 12, 2006ENDSK TELECOM CO LD (GDR)