Share Buyback

18 Apr 2006 07:00

Samsung Electronics Co. Ld14 April 2006 Share Buyback On April 14, 2006, the BOD of Samsung Electronics authorized a share buyback. • Details 1. The number of shares to be repurchased is as follows: • 2,600,000 common shares • 400,000 preferred shares 2. The expected buyback amount is about KRW 1.66 trillion for common shares and KRW 199.4 billion for preferred shares. * The actual buyback amount is subject to change, based on the price at the time of the repurchase. 3. Buyback period: April 18, 2006 to July 17, 2006 4. The planned buyback aims to stabilize stock prices. 5. Samsung Electronics will buy back shares through Samsung Securities, Daehan Investment & Securities, Korea Investment & Securities, Prudential Investment & Securities, and Mirae Asset Securities. 6. Samsung Electronics will finance the buyback with cash on hand. This information is provided by RNS The company news service from the London Stock Exchange