Transaction with Affiliate Company

Transaction with Affiliate Company

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on November 30, 2020 authorized the following related-party transaction with an affiliated company:

Retirement pension policy reserves transferred from Samsung Securities

- KRW 548.6 billion, the balance of pension funds at Samsung Securities under the transactions announced on

November 27, 2014 and November 29, 2016, shall be transferred to non-affiliated companies (banks and

insurance companies) in order to ensure stable benefits management and profitability.

Other Information:

ž Number of Independent Directors Present at the Board of Directors Meeting: 6

ž Attendance of Audit Committee: Y

※ 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 financial affiliate of the party required to make the disclosure.