Purchase of Assets

Purchase of Assets

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on April 26, 2018 announced that its Board of Directors have approved the purchase of certain assets (intellectual property) from Samsung Pay Inc., a subsidiary of SEC.

▫ Details

1. Scheduled purchase date: Within May, 2018

2. Purchased assets: Intellectual property in two (2) areas

3. Expected purchase price: KRW 16,996 million

4. Purpose of transfer: Improve management efficiency of global intellectual property

5. Attendance of Independent Director at the BoD meeting: 6 (100%)

6. Attendance of Audit Committee members at the BoD meeting: Yes

7. Others: The purchase price stated above was re-evaluated by an independent institution and calculated with the currency rate as of April 24, 2018

※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial and real estate transactions in the event the value of such a transaction is greater or equal to KRW 5 billion and the counterparty is a affiliate of the party required to make the disclosure.